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Norfolk Island Economy Profile

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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 (FY99/00)

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 - commoditiessoybean meal, Norfolk Island pine seeds, Kentia palm seeds, activated carbon, centrifuges, pesticides, postage stamps (2019)
Exports - partnersPhilippines 29%, Singapore 21%, India 14%, Belgium 7%, Australia 5%, Canada 5% (2019)
Imports

$NA

Imports - commoditiesclothing and apparel, chemical analysis instruments, refined petroleum, cars, kitchen machinery (2019)
Imports - partnersNew Zealand 23%, Australia 19%, Philippines 19%, Singapore 14%, Fiji 11% (2019)
Debt - external

NA

Exchange ratesAustralian dollars (AUD) per US dollar -

1.311 (2017 est.)

1.3291 (2016 est.)

1.3291 (2015)

1.3291 (2014 est.)

1.1094 (2013 est.)
Fiscal year1 July - 30 June

Source: CIA World Factbook
This page was last updated on September 18, 2021