Pitcairn Islands: Economy#

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.

Economic Facts#

GDP (purchasing power parity)$NA
Labor force - by occupationnote: no business community in the usual sense; some public works; subsistence farming and fishing
Exports - commoditiesfruits, vegetables, curios, stamps
Agriculture - productshoney; wide variety of fruits and vegetables; goats, chickens; fish
Budgetrevenues: $746,000
expenditures: $1.028 million (FY04/05)
Imports - commoditiesfuel oil, machinery, building materials, flour, sugar, other foodstuffs
Exchange ratesNew Zealand dollars (NZD) per US dollar -
1.247 (2013)
1.2334 (2012)
1.3874 (2010)
1.6002 (2009)
1.4151 (2008)
Fiscal year1 April - 31 March
Industriespostage stamps, handicrafts, beekeeping, honey
Labor force15 (2004)