Economic overview: The economy is based primarily on subsistence farming which provides a living for the bulk of the population. Fishing and tourism are the other mainstays of the economy, with 43,000 visitors in 1992. Mineral deposits are negligible; the country has no known petroleum deposits. A small light industry sector caters to the local market. Tax revenues come mainly from import duties.
GDP: purchasing power parity - $210 million (1994 est.)
GDP real growth rate: 2% (1994 est.)
GDP per capita: $1,220 (1994 est.)
GDP composition by sector: agriculture: NA% industry: NA% services: NA%
Inflation rate (consumer prices): 7% (1995 est.)
Labor force: 66,597 (1989 est.) by occupation: agriculture 65%, services 32%, industry 3% (1995 est.)
Unemployment rate: NA%
Budget:
revenues: $74.8 million
expenditures: $76.1 million, including capital expenditures of $NA
(1994 est.)
Industries: food and fish freezing, wood processing, meat canning