The Economy of Norfolk Island
The Economy of Norfolk Island
Norfolk Islander(s) Economy
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:
GDP - real growth rate:
GDP - per capita:
GDP - composition by sector:
Population below poverty line:
Household income or consumption by percentage share:
Distribution of family income - Gini index:
Inflation rate (consumer prices):
Labor force: NA
Labor force - by occupation: agriculture: 10% industry and services: 90%
Unemployment rate:
Budget: revenues: $4.6 million expenditures: $4.8 million (FY99/00)
Industries: tourism, light industry, ready mixed concrete
Industrial production growth rate:
Electricity - production: NA kWh
Electricity - production by source:
Electricity - consumption: NA kWh
Electricity - exports:
Electricity - imports:
Oil - production:
Oil - consumption:
Oil - exports:
Oil - imports:
Oil - proved reserves:
Natural gas - production:
Natural gas - consumption:
Natural gas - exports:
Natural gas - imports:
Natural gas - proved reserves:
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:
Imports: $17.9 million c.i.f. (FY91/92)
Imports - commodities: NA
Imports - partners:
Debt - external: $NA
Economic aid - recipient:
Currency:
Currency code:
Exchange rates: Australian dollars (AUD) per US dollar - 1.2059 (2008 est.), 1.2137 (2007), 1.3285 (2006), 1.3095 (2005), 1.3598 (2004)
Fiscal year: