Page last updated on February 08, 2019

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
[see also: GDP country ranks ]

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

Industries:
postage stamps, handicrafts, beekeeping, honey

Labor force:
15 (2004)
country comparison to the world: 232
[see also: Labor force country ranks ]

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

Budget:
revenues: 746,000 (FY04/05)
[see also: Budget - revenues country ranks ]
expenditures: 1.028 million (FY04/05)
[see also: Budget - expenditures country ranks ]

Fiscal year:
1 April - 31 March

Exports:
NA
[see also: Exports country ranks ]

Exports - commodities:
honey, fruits, vegetables, curios, postage stamps

Imports:
NA
[see also: Imports country ranks ]

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

Stock of direct foreign investment - at home:
(31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Exchange rates:
New Zealand dollars (NZD) per US dollar -
1.416 (2017 est.)
1.4279 (2016 est.)
1.4279 (2015)
1.4279 (2014 est.)
1.2039 (2013 est.)