nt and
the Pitcairn Islander coat of arms centered on the outer half of the
flag; the coat of arms is yellow, green, and light blue with a
shield featuring a yellow anchor

Economy
Pitcairn Islands

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.

GDP (purchasing power parity):

$NA

Labor force:

15 able-bodied men (2004)

Labor force - by occupation:

note: no business community in the usual sense; some public works;
subsistence farming and fishing

Budget:

revenues: $746,000
expenditures: $1.028 million (FY04/05)

Fiscal year:

1 April - 31 March

Agriculture - products:

honey; wide variety of fruits and vegetables; goats, chickens, fish

Industries:

postage stamps, handicrafts, beekeeping, honey

Electricity - production:

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

Exports:

$NA

Exports - commodities:

fruits, vegetables, curios, stamps

Imports:

$NA

Imports - commodities:

fuel oil, machinery, building materials, flour, sugar, other
foodstuffs

Economic aid - recipient:

$3.465 million (2004)

Currency (code):

New Zealand dollar (NZD)

Currency code:

NZD

Exchange rates:

New Zealand dollars (NZD) per US dollar - 1.3811 (2007), 1.5408
(2006), 1.4203 (2005), 1.5087 (2004), 1.7221 (2003)

Communications
Pitcairn Islands

Telephones - main lines in use:

1 (there are 17 telephones on one party line); (2004)

Telephone system:

general assessment: satellite phone services
domestic: domestic communication via radio (CB)
international: country code - 872; satellite earth station - 1
(Inmarsat)

Radio broadcast stations:

AM 1, FM 0, shortwave 0 (15 Ham radio operators (VP6)) (2004)

Radios:

NA

Televisions:

NA

Internet country code:

.pn

Int