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
[see also: GDP country ranks ]
Agriculture - products:
honey; wide variety of fruits and vegetables; goats, chickens; fish
Industries:
postage stamps, handicrafts, beekeeping, honey
Labor force: Labor force - by occupation:
Budget:
Fiscal year: Exports: Exports - commodities: Imports: Imports - commodities: Exchange rates:
15 (2004)
country comparison to the world: 233
[see also: Labor force country ranks ]
note:
no business community in the usual sense; some public works; subsistence farming and fishing
revenues:
$746,000
expenditures:
$1.028 million (FY04/05)
1 April - 31 March
$NA
[see also: Exports country ranks ]
fruits, vegetables, curios, stamps
$NA
[see also: Imports country ranks ]
fuel oil, machinery, building materials, flour, sugar, other foodstuffs
New Zealand dollars (NZD) per US dollar -
1.247 (2013)
1.2334 (2012)
1.3874 (2010)
1.6002 (2009)
1.4151 (2008)