Flag of Norfolk Island

Norfolk Island Economy Profile 2014

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Economy - overviewNorfolk Island is suffering from a severe economic downturn. Tourism, the primary economic activity, is the main driver of economic growth. The agricultural sector has become self sufficient in the production of beef, poultry, and eggs.
GDP (purchasing power parity)$NA
Labor force978 (2006)
Labor force - by occupationagriculture: 6%
industry: 14%
services: 80% (2006 est.)
Budgetrevenues: $4.6 million
expenditures: $4.8 million (FY99/00)
Agriculture - productsNorfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry
Industriestourism, light industry, ready mixed concrete
Exports$NA
Exports - commoditiespostage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados
Imports$NA
Imports - commoditiesNA
Debt - external$NA
Exchange ratesAustralian dollars (AUD) per US dollar -
1.031 (2013)
0.9658 (2012)
1.0902 (2010)
1.2822 (2009)
1.2059 (2008)
Fiscal year1 July - 30 June

Source: CIA World Factbook
This page was last updated on June 30, 2015