Wallis-Et-Futuna
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About Wallis-Et-Futuna
Wallis and Futuna are islands of volcanic origin with low hills in the South Pacific Ocean, about two-thirds of the way from Hawaii to New Zealand. The climate is tropical with a hot, rainy season from November to April and a cool, dry season from May to October, with high humidity and significant rainfall. Mata-Utu serves as the capital, and Wallis and Futuna have a population of approximately 15,998 people who speak Wallisian, Futunian, and French.
Wallis and Futuna have a lower-middle-income, agrarian French dependency economy that is heavily reliant on French subsidies and remittances from New Caledonia. Key industries include fishing rights licensed to Japan and South Korea, and the territory has negligible natural resources. Wallis and Futuna face an aging workforce, import dependence, and deforestation-fueled environmental fragility. The territory is an overseas collectivity of France with a parliamentary democracy.
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Economic Overview
lower-middle-income, agrarian French dependency economy; heavily reliant on French subsidies; licenses fishing rights to Japan and South Korea; major remittances from New Caledonia; aging workforce; import-dependent; deforestation-fueled fragility
