| 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. |
| GDP (purchasing power parity) | NA |
| Labor force | 15 (2004) |
| Labor force - by occupation | note: no business community in the usual sense; some public works; subsistence farming and fishing |
| Budget | revenues: 746,000 (FY04/05) expenditures: 1.028 million (FY04/05) |
| Agriculture - products | honey; wide variety of fruits and vegetables; goats, chickens; fish |
| Industries | postage stamps, handicrafts, beekeeping, honey |
| Exports | NA |
| Exports - commodities | leather footwear, gas turbine parts, precious metal ores, clothing and apparel, beef (2019) |
| Exports - partners | South Africa 24%, Canada 20%, Germany 13%, Czechia 8%, El Salvador 5%, Spain 5% (2019) |
| Imports | NA |
| Imports - commodities | crude petroleum, refined petroleum, food preparation products, plastics, iron fasteners (2019) |
| Imports - partners | Ecuador 43%, New Zealand 29% (2019) |
| Exchange rates | New Zealand dollars (NZD) per US dollar - 1.416 (2017 est.) 1.4279 (2016 est.) 1.4279 (2015) 1.4279 (2014 est.) 1.2039 (2013 est.) |
| Fiscal year | 1 April - 31 March |
Source: CIA World Factbook
This page was last updated on September 18, 2021
