Economy of Norfolk Island
Economy - overview: Tourism, the primary economic activity, has steadily increased over the years and has brought a level of prosperity unusual among inhabitants of the Pacific islands. The agricultural sector has become self-sufficient in the production of beef, poultry, and eggs.GDP: purchasing power parity - $NA
GDP - real growth rate: NA%
GDP - per capita: purchasing power parity - $NA
GDP - composition by sector:
agriculture:
NA%
industry:
NA%
services:
NA%
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%:
NA%
highest 10%:
NA%
Inflation rate (consumer prices): NA%
Labor force: 1,395 (1991 est.) (No listing for 2003 CIA Factbook)
Labor force - by occupation: tourism NA%, subsistence agriculture NA%
Unemployment rate: NA%
Budget:
revenues:
$4.6 million
expenditures:
$4.8 million, including capital expenditures of $NA (FY92/93)
Industries: tourism
Industrial production growth rate: NA%
Electricity - production: NA kWh
Electricity - production by source:
fossil fuel:
NA%
hydro:
NA%
nuclear:
NA%
other:
NA%
Electricity - consumption: NA kWh
Electricity - exports: NA kWh
Electricity - imports: NA kWh
Agriculture - products: Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry
Exports: $1.5 million (f.o.b., FY91/92)
Exports - commodities: postage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados
Exports - partners: Australia, other Pacific island countries, NZ, Asia, Europe
Imports: $17.9 million (c.i.f., FY91/92)
Imports - commodities: NA
Imports - partners: Australia, other Pacific island countries, NZ, Asia, Europe
Debt - external: $NA
Economic aid - recipient: $NA
Currency: Australian dollar (AUD)
Exchange rates:
Australian dollars per US dollar - 1.8406 (2002), 1.9320 (2001), 1.7173 (2000), 1.5497 (1999), 1.5888 (1998)
Fiscal year: 1 July - 30 June
- See also : Norfolk Island