Flag description:
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 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; including capital expenditures of $NA
(FY04/05)
Agriculture - products:
honey; wide variety of fruits and vegetables; goats, chickens
Industries:
postage stamps, handicrafts, beekeeping, honey
Electricity - production:
NA kWh; note - electric power is provided by a small diesel-powered
generator