Economy of Pitcairn Island

Pitcairn Island is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Pitcairn Island may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Pitcairn Island exports around $0.001 billion and imports roughly $0.0269 billion. 0% of population in the country are unemployed. The total number of unemployed people in Pitcairn Island is 0. The Gini Index of the country is 37.21. Pitcairn Island is experiencing good equality. The majority of citizens in Pitcairn Island fall within a narrow range of income, although some cases may show significant differences.

Currency

The currency of Pitcairn Island is New Zealand dollar. The plural form of the word New Zealand dollar is dollars. The symbol used for this currency is $, and it is abbreviated as NZD. The New Zealand dollar is divided into Cent; there are 100 in one dollar.

Credit rating

Credit rating is the extent to which international investors trust a country in paying debts and upholding the country's obligations in terms of crediting. There is no information on the credit rating of Pitcairn Island.

Central bank

Public debt

Pitcairn Island has a government debt of 5.6% of the country's Gross Domestic Product (GDP), as assessed in 2004.

Tax information

Finances

GDP Annual Growth Rate in Pitcairn Island averaged 0% in 2014. According to this percentage, Pitcairn Island is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly. To read more about financial information click on finances of Pitcairn Island.

Industry

Major industries in the country are postage stamps, handicrafts, beekeeping, honey. The total labor force of Pitcairn Island is 15 people, wherein 0% of population in the country are unemployed. The total number of unemployed people in Pitcairn Island is 0. To read more about industrial information within Pitcairn Island click on industry of Pitcairn Island.

Agriculture

The country's major agricultural crops and products are honey, wide variety of fruits and vegetables, goats, chickens, fish.To read more about agriculture click on agriculture of Pitcairn Island.