Economy of Niue

http://en.wikipedia.org/wiki/Economy_of_Niue

"The agricultural sector consists mainly of subsistence gardening, although some cash crops are grown for export. Industry consists primarily of small factories to process passion fruit, lime oil, honey, and coconut cream. The sale of postage stamps to foreign collectors is an important source of revenue."

Again, very interesting article as I am here trying to figure out how the numbers work. How they can pay the food prices here, gasoline at $10/gallon, I've heard there's as many as 2 cars per person on this island, and I don't see much here in terms of economy. A little tourism, no substantial exports, no ATM and the bank can't even exchange money, etc. But then I read the above . . . "Selling postage stamps to foreign collectors." Ahhh, now it all makes sense!!!!!

Not to mention that of their $10 million budget each year, they receive $8.3 million in foreign aid. . . That and postage stamps just may do it . . .