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    Pitcairn Islands Economy - 1989

      Overview: The inhabitants exist on fishing and subsistence farming. 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 come from the sale of postage stamps to collectors and the sale of handicrafts to passing ships.

      GNP: $NA, per capita $NA; real growth rate NA%

      Inflation rate (consumer prices): NA%

      Unemployment rate: NA%

      Budget: revenues $430,440; expenditures $429,983, including capital expenditures of $NA (FY87 est.)

      Exports: $NA; @m5commodities--fruits, vegetables, curios; @m5partners--NA

      Imports: $NA; @m5commodities--fuel oil, machinery, building materials, flour, sugar, other foodstuffs; @m5partners--NA

      External debt: $NA

      Industrial production: growth rate NA%

      Electricity: 25 kW capacity; 0.05 million kWh produced, 735 kWh per capita (1988)

      Industries: postage stamp sales, handicrafts

      Agriculture: citrus, sugarcane, watermelons, bananas, yams, taro, beans, pumpkins, coconuts, goats, poultry

      Aid: NA

      Currency: New Zealand dollar (plural--dollars); 1 New Zealand dollar (NZ$) = 100 cents

      Exchange rates: New Zealand dollars (NZ$) per US$1--1.5985 (January 1989), 1.5244 (1988), 1.6886 (1987), 1.9088 (1986), 2.0064 (1985)

      Fiscal year: 1 April-31 March

      NOTE: The information regarding Pitcairn Islands on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Pitcairn Islands Economy 1989 information contained here. All suggestions for corrections of any errors about Pitcairn Islands Economy 1989 should be addressed to the CIA.

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    Revised 15-Apr-03
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