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World > Oceania > Norfolk Island > Economy (Facts)

Norfolk Island - Economy (Facts)
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
Labor force: NA
Labor force - by occupation: agriculture: 10%
industry and services: 90%
Unemployment rate: 0%
Budget: revenues: $4.6 million
expenditures: $4.8 million; including capital expenditures of $2 million (FY99/00)
Industries: tourism, light industry, ready mixed concrete
Electricity - production: NA kWh
Electricity - consumption: 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 (2006)
Imports: $17.9 million c.i.f. (FY91/92)
Imports - commodities: NA
Imports - partners: Australia, other Pacific island countries, NZ, Asia, Europe (2006)
Debt - external: NA
Economic aid - recipient: NA
Currency: Australian Dollar (AUD)

Current Australian Dollar Exchange Rates
Historical Australian Dollar Exchange Rates
Chart Australian Dollar Exchange Rates
Currency code: AUD
Exchange rates: Australian dollars per US dollar - 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002)
Fiscal year: 1 July - 30 June


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Current Time - Australian Dollar Exchange Rates



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