Pitcairn Islands

Economy - 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 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% Inflation rate - consumer price index: NA% Labor force: total: 14 able-bodied men (1993) 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 (1994/95 est.) Industries: postage stamps, handicrafts Industrial production growth rate: NA% Electricity - capacity: NA kW Electricity - production: NA kWh Electricity - consumption per capita: NA kWh Agriculture - products: wide variety of fruits and vegetables Exports: $NA commodities: fruits, vegetables, curios partners: NA Imports: $NA commodities: fuel oil, machinery, building materials, flour, sugar, other foodstuffs partners: NA Debt - external: $NA Economic aid: recipient: ODA bilateral commitments (1992-93), $84,000 Currency: 1 New Zealand dollar (NZ$) = 100 cents Exchange rates: New Zealand dollars (NZ$) per US$1 - 1.4247 (January 1997),1.4543 (1996), 1.5235 (1995), 1.6844 (1994), 1.8495 (1993), 1.8584 (1992) Fiscal year: 1 April - 31 March