Economy

Pitcairn is a small island nation located in the South Pacific Ocean. It has a population of just over 50 people and is one of the most remote inhabited islands in the world. Despite its small size, Pitcairn has a thriving economy. According to the World Bank, the GDP of Pitcairn in 2019 was $2.3 million, with a GDP per capita of $45,000. This is significantly higher than the average GDP per capita of the Pacific Islands, which is $3,400. The main industries in Pitcairn are fishing, tourism, and the sale of postage stamps. Fishing is the largest contributor to the economy, accounting for around 40% of the GDP. Tourism is also an important source of income, with visitors coming to the island to experience its unique culture and stunning natural beauty. The sale of postage stamps is also a major source of revenue, with Pitcairn stamps being highly sought after by collectors. Overall, Pitcairn has a strong and growing economy, with a GDP per capita that is significantly higher than the average for the Pacific Islands.