Pitcairn Islands Economy - 2022

GEOGRAPHICAL NAMES 

Economic 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.

Real GDP (purchasing power parity)

N/A

Agricultural products

honey; wide variety of fruits and vegetables; goats, chickens; fish

Industries

postage stamps, handicrafts, beekeeping, honey

Labor force

15 (2004)

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)

expenditures: 1.028 million (FY04/05)

Fiscal year

1 April - 31 March

Exports

N/A

Exports - partners

South Africa 24%, Canada 20%, Germany 13%, Czechia 8%, El Salvador 5%, Spain 5% (2019)

Exports - commodities

leather footwear, gas turbine parts, precious metal ores, clothing and apparel, beef (2019)

Imports

N/A

Imports - partners

Ecuador 43%, New Zealand 29% (2019)

Imports - commodities

crude petroleum, refined petroleum, food preparation products, plastics, iron fasteners (2019)

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.)

NOTE: The information regarding Pitcairn Islands on this page is re-published from the 2022 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Pitcairn Islands 2022 information contained here. All suggestions for corrections of any errors about Pitcairn Islands 2022 should be addressed to the CIA or the source cited on each page.