f 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

Ports: Bounty Bay

Merchant marine: none

Airports: none

Communications
--------------

Telephones: 24

Telephone system: party line telephone service on the island
domestic: NA
international: radiotelephone

Radio broadcast stations: AM 1, FM 0, shortwave 0

Radios: NA

Television broadcast stations: 0

Televisions: NA

Defense
-------

Defense note: defense is the responsibility of the UK

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@Pol