Pitcairn Islands Economy:
The inhabitants of this tiny isolated economy exist on fishing, subsistence farming, handicrafts, and postage stamps. The fertile soil of the valleys produces a wide variety of fruits and vegetables, including citrus, sugarcane, watermelons, bananas, yams, and beans. Bartering is an important part of the economy. The major sources of revenue are the sale of postage stamps to collectors and the sale of handicrafts to passing ships. In October 2004, more than one-quarter of Pitcairn's labor force was arrested, putting the economy in a bind, since their services were required as lighter crew to load or unload passing ships.
GDP (purchasing power parity):
NA
GDP — real growth rate:
NA
GDP — per capita:
purchasing power parity: NA
GDP — composition by sector:
agriculture: NA
industry: NA
services: NA
Labor force:
15 able-bodied men (2004 est.)
Labor force — by occupation:
, ,
Unemployment rate:
NA
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
NA
Budget:
revenues: $746,000
expenditures: $1.03 million including capital expenditures of NA (FY04/05 est.)
Agriculture — products:
Wide variety of fruits and vegetables, goats, chickens
Industries:
postage stamps, handicrafts, beekeeping, honey
Industrial production growth rate:
NA
Electricity — production:
NA
note: Electric power is provided by a small diesel-powered generator
Electricity — consumption:
NA
Exports:
NA
Exports — commodities:
fruits, vegetables, curios, stamps
Exports — partners:
NA
, ,
Imports:
NA
Imports — commodities:
fuel oil, machinery, building materials, flour, sugar, other foodstuffs
Imports — partners:
NA
Debt — external:
NA
Economic aid — recipient:
$3.47 million (2004 est.)
Currency:
New Zealand dollar (NZD
Exchange rates:
New Zealand dollars per US$: 1.51 (2004 est.), 1.72 (2003 est.), 2.16 (2002 est.), 2.38 (2001 est.), 2.2 (2000 est.), NA
Fiscal year:
1 April - 31 March
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