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    Pitcairn Islands Economy - 2002

      Economy - overview The inhabitants of this tiny 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

      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 12 able-bodied men (1997)

      Labor force - by occupation no business community in the usual sense; some public works; subsistence farming and fishing

      Unemployment rate NA%

      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; note - electric power is provided by a small diesel-powered generator

      Electricity - consumption NA kWh

      Agriculture - products wide variety of fruits and vegetables, goats, chickens

      Exports $NA

      Exports - commodities fruits, vegetables, curios, stamps

      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 New Zealand dollar (NZD)

      Currency code NZD

      Exchange rates New Zealand dollars per US dollar - 2.3535 (January 2002), 2.3776 (2001), 2.1863 (2000), 1.8886 (1999), 1.8629 (1998), 1.5083 (1997)

      Fiscal year 1 April - 31 March

      NOTE: The information regarding Pitcairn Islands on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Pitcairn Islands Economy 2002 information contained here. All suggestions for corrections of any errors about Pitcairn Islands Economy 2002 should be addressed to the CIA.

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    Revised 30-Jan-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)