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.)

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: 1 Australian dollar ($A) = 100 cents

Exchange rates: Australian dollars ($A) per US$1 - 1.5207 (January 2000), 1.5497 (1999), 1.5888 (1998), 1.3439 (1997), 1.2773 (1996), 1.3486 (1995)

Fiscal year: 1 July - 30 June

See also : Norfolk Island