Finance of Wallis and Futuna

The minimum monthly wage in Wallis and Futuna is 878 USD. Wallis and Futuna has a government debt of 5.6% of the country's Gross Domestic Product (GDP), as assessed in 2004. With regard to consumer prices, the inflation rate in Wallis and Futuna is 2.8%. The currency of Wallis and Futuna is cfp franc. The plural form of the word cfp franc is CFP francs. The symbol used for this currency is Fr, and it is abbreviated as XPF. The cfp franc is divided into cent; there are 100 in one cfp franc. The corporate tax in Wallis and Futuna is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in Wallis and Futuna is 6%.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Wallis and Futuna is $0 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Wallis and Futuna was last recorded at $5,136. PPP in Wallis and Futuna is considered to be fair when compared to other countries. Fair PPP indicates that citizens in this country occasionally find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with fair PPP are relatively risky locations for investments. The total Gross Domestic Product (GDP) in Wallis and Futuna is 0 billion. Based on this statistic, Wallis and Futuna is considered to have a small economy. Countries with small economies generally support less industries and opportunities for investment. However, worthwhile investment opportunities may be found. The Gross Domestic Product (GDP) per capita in Wallis and Futuna was last recorded at $16,092. The average citizen in Wallis and Futuna has high wealth. Countries with high wealth per capita employ a highly skilled workforce with competitive wages. Labor in countries with high wealth is expensive when compared with countries with lower GDP per capita. However, it is easy to find highly skilled employees in Wallis and Futuna.