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
Agriculture - productshoney; wide variety of fruits and vegetables; goats, chickens; fish
Industriespostage stamps, handicrafts, beekeeping, honey
Labor force15 (2004)
Labor force - by occupation
note: no business community in the usual sense; some public works; subsistence farming and fishing
Budgetrevenues: $746,000
expenditures: $1.028 million (FY04/05)
Fiscal year1 April - 31 March
Exports - commoditiesfruits, vegetables, curios, postage stamps
Imports - commoditiesfuel oil, machinery, building materials, flour, sugar, other foodstuffs
Exchange ratesNew Zealand dollars (NZD) per US dollar -
1.441 (2016 est.)
1.4279 (2015 est.)
1.2039 (2014 est.)
1.2039 (2013 est.)
1.23 (2012 est.)