Diplomatic representation: none (self-governing in free association with New Zealand)
Flag: blue with the flag of the UK in the upper hoist-side quadrant and a large circle of 15 white five-pointed stars (one for every island) centered in the outer half of the flag
- Economy Overview: Agriculture provides the economic base. The major export earners are fruit, copra, and clothing. Manufacturing activities are limited to a fruit-processing plant and several clothing factories. Economic development is hindered by the isolation of the islands from foreign markets and a lack of natural resources and good transportation links. A large trade deficit is annually made up for by remittances from emigrants and from foreign aid. Current economic development plans call for exploiting the tourism potential and expanding the fishing industry.
GDP: $40.0 million, per capita $2,200 (1988 est.); real growth rate 5.3% (1986-88 est.)
Inflation rate (consumer prices): 8.0% (1988)
Unemployment rate: NA%
Budget: revenues $33.8 million; expenditures $34.4 million, including capital expenditures of $NA (1990 est.)
Exports: $4.0 million (f.o.b., 1988); commodities—copra, fresh and canned fruit, clothing; partners—NZ 80%, Japan
Imports: $38.7 million (c.i.f., 1988); commodities—foodstuffs, textiles, fuels, timber; partners—NZ 49%, Japan, Australia, US
External debt: $NA