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Pitcairn Islands: Economy

Economy Pitcairn Islands
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 (FY 94/95 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

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Source: The CIA World Fact Book 2003

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