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Pitcairn Islands (overseas territory of the UK) Economy

    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%

    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: 14 able-bodied men (1993)

    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 (FY94/95 est.)

    Industries: postage stamps, handicrafts

    Industrial production growth rate: NA%

    Electricity—production: NA kWh

    Electricity—production by source:
    fossil fuel: NA%
    hydro: NA%
    nuclear: NA%
    other: NA%

    Electricity—consumption: NA kWh

    Electricity—exports: NA kWh

    Electricity—imports: NA kWh

    Agriculture—products: wide variety of fruits and vegetables

    Exports: $NA

    Exports—commodities: fruits, vegetables, curios

    Exports—partners: NA

    Imports: $NA

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

    Imports—partners: NA

    Debt—external: $NA

    Economic aid—recipient: $NA

    Currency: 1 New Zealand dollar (NZ$) = 100 cents

    Exchange rates: New Zealand dollars (NZ$) per US$1—1.8560 (January 1999), 1.8629 (1998), 1.5083 (1997), 1.4543 (1996), 1.5235 (1995), 1.6844 (1994)

    Fiscal year: 1 April—31 March

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Revised 1-Mar-99
Copyright © 1999 Photius Coutsoukis (all rights reserved)