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Tokelau

Introduction to Tokelau

Originally settled by Polynesian emigrants from surrounding island groups, the Tokelau Islands were made a British protectorate in 1889. They were transferred to New Zealand administration in 1925.

Government

National holiday:

Waitangi Day (Treaty of Waitangi established British sovereignty over New Zealand), 6 February (1840) 

Economy

Economy overview:

Tokelau's small size (three villages), isolation, and lack of resources greatly restrain economic development and confine agriculture to the subsistence level. The people rely heavily on aid from New Zealand - about $4 million annually - to maintain public services, with annual aid being substantially greater than GDP. The principal sources of revenue come from sales of copra, postage stamps, souvenir coins, and handicrafts. Money is also remitted to families from relatives in New Zealand. 

GDP:

purchasing power parity -$1.5 million (1993 est.) 

Agriculture products:

coconuts, copra, breadfruit, papayas, bananas; pigs, poultry, goats 

Industries:

small-scale enterprises for copra production, woodworking, plaited craft goods; stamps, coins; fishing 

 

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