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    Pitcairn Islands Economy - 2003

      Economy - overview: 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.

      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%

      Population below poverty line: NA%

      Household income or consumption by percentage share: lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices): NA%

      Labor force: 12 able-bodied men (1997)

      Labor force - by occupation: no business community in the usual sense; some public works; subsistence farming and fishing

      Unemployment rate: NA%

      Budget: revenues: $729,884
      expenditures: $878,119, including capital expenditures of $NA (FY94/95 est.)

      Industries: postage stamps, handicrafts

      Industrial production growth rate: NA%

      Electricity - production: NA kWh; note - electric power is provided by a small diesel-powered generator

      Electricity - consumption: NA kWh

      Agriculture - products: wide variety of fruits and vegetables, goats, chickens

      Exports: $NA

      Exports - commodities: fruits, vegetables, curios, stamps

      Exports - partners: NA (2000)

      Imports: $NA

      Imports - commodities: fuel oil, machinery, building materials, flour, sugar, other foodstuffs

      Imports - partners: NA (2000)

      Debt - external: $NA

      Economic aid - recipient: $NA

      Currency: New Zealand dollar (NZD)

      Currency code: NZD

      Exchange rates: New Zealand dollars per US dollar - 2.162 (2002), 2.3776 (2001), 2.1863 (2000), 1.8886 (1999), 1.8629 (1998), 1.5083 (1997)

      Fiscal year: 1 April - 31 March

      NOTE: The information regarding Pitcairn Islands on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Pitcairn Islands Economy 2003 should be addressed to the CIA.

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    Revised 20-Sep-03
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