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| PITCAIRN ISLANDER ECONOMY STATS: |
| Top Stats |
| | All Stats |
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Agriculture > products
wide variety of fruits and vegetables, goats, chickens |
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Budget > Expenditures
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$878,119.00 |
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[160th of 165]
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Budget > Revenues
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$729,884.00 |
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[162nd of 166]
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Currency
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New Zealand dollar |
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Economic aid > Recipient
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$3,465,000.00 |
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[51st of 134]
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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. In October 2004, more than one-quarter of Pitcairn's small labor force was arrested, putting the economy in a bind, since their services were required as lighter crew to load or unload passing ships. |
Exchange rates
New Zealand dollars per US dollar - 1.5087 (2004), 1.7221 (2003), 2.1622 (2002), 2.3788 (2001), 2.2012 (2000) |
Exchange rates > Recent years
New Zealand dollars per US dollar - 1.4203 (2005), 1.5087 (2004), 1.7221 (2003), 2.1622 (2002), 2.3788 (2001) |
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Exchange rates to USD > 2006
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1.5408 |
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Exports > Commodities
fruits, vegetables, curios, stamps |
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Exports to US
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$10,000.00 |
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[213rd of 224]
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Fiscal year
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1 April - 31 March |
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Imports > Commodities
fuel oil, machinery, building materials, flour, sugar, other foodstuffs |
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Imports from US
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$800,000.00 |
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[194th of 224]
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Industries
postage stamps, handicrafts, beekeeping, honey |
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Trade balance with US
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$790,000.00 |
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[86th of 224]
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Trade with US > US exports of furniture, household goods, etc
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41 |
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[149th of 202]
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Trade with US > US exports of specialized mining
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0 |
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[129th of 160]
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Trade with US > US exports of textile, sewing machines
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120 |
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[112nd of 183]
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Trade with US > US imports of bauxite and aluminum
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0 |
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[105th of 115]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbook, 22 August 2006
; CIA World Factbook, 14 June, 2007
; US Census Bureau; FTDWebMaster, Foreign Trade Division, U.S. Census Bureau
ALTERNATIVE NAMES:
Pitcairn Islands, Pitcairn, Henderson, Ducie, and Oeno Islands, pitcairn island, pitcairn
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