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Tokelau is considered a developing country. A nation's stage of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Tokelau may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Each year, Tokelau exports about US$0 billion and imports about US$0 billion. 5% of the country's population is unemployed. The total number of unemployed in Tokelau is 66. The country's Gini index is 38.39. Tokelau experiences good equality. The majority of citizens in Tokelau fall within a narrow income bracket, although some cases can show significant differences. Tokelau has a Human Development Index (HDI) of 0.473. Tokelau has a lower mean HDI score. This suggests that the majority of citizens will struggle to live a worthwhile life due to flawed economic and social systems.
Currency The currency of Tokelau is the New Zealand Dollar. The plural form of the word New Zealand dollar is dollars. The symbol used for this currency is $ and is abbreviated as NZD. The New Zealand dollar is divided into cents; there are 100 in a dollar.
Credit rating Creditworthiness is the degree to which international investors trust a country to pay off debt and honor the country's lending commitments. There is no information about the creditworthiness of Tokelau.
Central bank In Tokelau, the institution that manages the state's currency, money supply and interest rates is called the Reserve Bank of New Zealand.
National debt Tokelau's national debt has not yet been calculated.
Control information Personal income tax ranges from 5% to 25% depending on your specific situation and income level.
Finances The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Tokelau is US$0.0015 billion. Gross Domestic Product (GDP) per capita in Purchasing Power Parity (PPP) per capita in Tokelau was last recorded at $0 million. PPP in Tokelau is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. To learn more about financial information, click Finances of Tokelau.
Industry Important industries of the country are small businesses for copra production, wood processing, braided handicrafts, stamps, coins, fishing. The total labor force of Tokelau is 689 people, with 5% of the country's population being unemployed. The total number of unemployed in Tokelau is 66.
https://www.confiduss.com/en/jurisdictions/tokelau/economy/
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