Norfolk Island Economy:
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
Labor force:
1,345
Labor force — by occupation:
tourism: 90%, subsistence agriculture: 10%
Unemployment rate:
0%
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
NA
Budget:
revenues: $20 million
expenditures: $20 million including capital expenditures of $2 million (FY99/00 est.)
Agriculture — products:
Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry
Industries:
tourism, light industry, ready mixed concrete
Industrial production growth rate:
NA
Electricity — production:
NA
Electricity — consumption:
NA
Exports:
$1.5 million (f.o.b. FY99/00 est.)
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:
$17.9 million (c.i.f. (FY91/92) est.)
Imports — commodities:
NA
Imports — partners:
Australia, other Pacific island countries, NZ, Asia, Europe
Debt — external:
NA
Economic aid — recipient:
NA
Currency:
Australian dollar (AUD)
Exchange rates:
Australian dollars per US$: 1.36 (2004 est.), 1.54 (2003 est.), 1.84 (2002 est.), 1.93 (2001 est.), 1.72 (2000 est.)
Fiscal year:
1 July - 30 June
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