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==Economy== {{main|Economy of Wallis and Futuna}} The [[Gross domestic product|GDP]] of Wallis and Futuna in 2019 was US$212 million (at market exchange rates).<ref name=GDP /> The territory's economy consists mostly of traditional subsistence agriculture, with about 80% of the labor force earning its livelihood from agriculture ([[coconut]]s and vegetables), livestock (mostly pigs), and fishing. About 4% of the population is employed in government. Additional revenue comes from French government subsidies, licensing of fishing rights to Japan and South Korea, import taxes, and remittances from expatriate workers in New Caledonia, French Polynesia, and France. Industries include [[copra]], handicrafts, fishing, and lumber. Agricultural products include coconuts, [[breadfruit]], yams, taro, bananas, pigs, and fish. Exports include copra, chemicals, and fish. There is a single bank in the territory, Banque de Wallis-et-Futuna, established in 1991. It is a subsidiary of [[BNP Paribas]]. There had previously been a branch of [[Banque Indosuez]] at Mata Utu. It had opened in 1977, but was closed in 1989, leaving the territory without any bank for two years.
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