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Norfolk Island Economy Profile 2002

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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)

purchasing power parity - $NA

GDP - real growth rate

NA%

GDP - per capita (PPP)

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

NA

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

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)

Currency (code)

AUD

Exchange rates

Australian dollars per US dollar - 1.9354 (January 2002), 1.9320 (2001), 1.7173 (2000), 1.5497 (1999), 1.5888 (1998), 1.3439 (1997)

Fiscal year

1 July - 30 June


Source: CIA World Factbook
Unless otherwise noted, information in this page is accurate as of May 15, 2007


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