| PITCAIRN ISLANDER ECONOMY 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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Source: CIA World Factbook, 28 July 2005 |
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Budget > Revenues
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$729,884.00 |
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[162nd of 166]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Currency
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New Zealand dollar |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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. |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Exchange rates
New Zealand dollars per US dollar - 1.5087 (2004), 1.7221 (2003), 2.1622 (2002), 2.3788 (2001), 2.2012 (2000) |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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Source: CIA World Factbook, 28 July 2005 |
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Exchange rates to USD > 2006
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1.5408 |
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Source: CIA World Factbook, 22 August 2006
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Exports > Commodities
fruits, vegetables, curios, stamps |
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Source: CIA World Factbook, 14 June, 2007
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Fiscal year
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1 April - 31 March |
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Source: US Census Bureau |
Imports > Commodities
fuel oil, machinery, building materials, flour, sugar, other foodstuffs |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Industries
postage stamps, handicrafts, beekeeping, honey |
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Source: US Census Bureau |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Source: US Census Bureau |
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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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Source: FTDWebMaster, Foreign Trade Division, U.S. Census Bureau |
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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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Source: FTDWebMaster, Foreign Trade Division, U.S. Census Bureau |
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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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Source: FTDWebMaster, Foreign Trade Division, U.S. Census Bureau |
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