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The territory's economy is limited to traditional subsistence agriculture, with about 80% of the labor force earning its livelihood from agriculture ( coconuts and vegetables), livestock (mostly pigs), and fishing. About 4% of the population is employed in government. Revenues come from French Government subsidies, licensing of fishing rights to Japan and South Korea, import taxes, and remittances from expatriate workers in New Caledonia.
The gross domestic product had in 1995 a purchasing power parity of about $28.7 million total, about $2000 per capita. The territory takes in about $20 million per year in revenues against about $17 million in expenditures.
Industries include copra, handicrafts, fishing, and lumber. Agricultural products include breadfruit, yams, taro, bananas, pigs, and goats. In 1995, about $370,000 worth of commodities ( copra, breadfruit, yams, taro roots, handicrafts) were exported, and about $13.5 million worth of commodities (foodstuffs, manufactured goods, transportation equipment, fuel, clothing) were imported, primarily from France, Australia, and New Zealand.
The territory uses the CFP Franc, along with the French territories of New Caledonia and French Polynesia; the CFP franc (XPF) is fixed vs. the euro, at the rate of 1,000 XPF = 8.38 euro.
The total population of the territory at the 2003 census was 14,944 (67.4% on the island of Wallis, 32.6% on the island of Futuna), the vast majority of Polynesian ethnicity, with a small minority of French descent. More than 16,000 Wallisians and Futunians live as expatriates in New Caledonia, which is more than the total population of Wallis and Futuna. The overwhelming majority of the people in Wallis and Futuna are Catholic. They speak both French and Wallisian or Futunian , the indigenous Polynesian languages. Half the total population (both men and women) age 15 and over can read and write.
In 1994, the territory had 1,125 telephones in use, had one AM radio station, and two television broadcast stations.
The island of Wallis has about 100 kilometers of highway, 16 paved, while the island of Futuna has only 20 kilometers, none of it paved. The territory has two main ports and harbors, Leava (on the island of Futuna), and Mata-Utu, that support its merchant marine fleet consisting of three ships totaling 92,060 GRT or 45,881 DWT: two passenger ships and a petroleum tanker. There are two airports, one with a paved runway about 2000 meters long, one with a 1000-meter unpaved strip.
The territory's data code and country code (top level Internet domain) is WF.
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