Part 598

International organization participation: SPC

Diplomatic representation in US: none (dependent territory of the UK)

US diplomatic representation: none (dependent territory of the UK)

Flag: blue with the flag of the UK in the upper hoist-side quadrant 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 -------

Economic overview: The inhabitants exist on fishing and subsistence farming. 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: $NA

GDP composition by sector: agriculture: NA% industry: NA% services: NA%

Inflation rate (consumer prices): NA%

Labor force: 14 able-bodied men (1993) by occupation: no business community in the usual sense; some public works; subsistence farming and fishing

Unemployment rate: NA%

Budget: revenues: $588,000 expenditures: $583,000, including capital expenditures of $NA (1993/94 est.)

Industries: postage stamps, handicrafts

Industrial production growth rate: NA%

Electricity: capacity: 110 kW production: 300,000 kWh consumption per capita: 5,360 kWh (1990)

Agriculture: wide variety of fruits and vegetables

Exports: $NA commodities: fruits, vegetables, curios partners: NA

Imports: $NA commodities: fuel oil, machinery, building materials, flour, sugar, other foodstuffs partners: NA

External debt: $NA

Economic aid: recipient: ODA bilateral commitments (1992-93), $84,000

Currency: 1 New Zealand dollar (NZ$) = 100 cents

Exchange rates: New Zealand dollars (NZ$) per US$1 - 1.5138 (January 1996), 1.5235 (1995), 1.6844 (1994), 1.8495 (1993), 1.8584 (1992), 1.7265 (1991)

Fiscal year: 1 April - 31 March

Transportation --------------

Railways: 0 km

Highways: total: 6.4 km paved: 0 km unpaved: 6.4 km