Pitcairn Islands Economy 1997

Economy - overview The inhabitants exist on fishing and subsistence farming. The fertilesoil of the valleys produces a wide variety of fruits and vegetables, including citrus, sugarcane, watermelons, bananas, yams, and beans. Bartering is animportant part of the economy. The major sources of revenue are the sale ofpostage 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; subsistencefarming 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

NOTE: The information regarding Pitcairn Islands on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Pitcairn Islands Economy 1997 information contained here. All suggestions for corrections of any errors about Pitcairn Islands Economy 1997 should be addressed to the CIA.