Flag of Norfolk Island

Norfolk Island Economy Profile 2018

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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: $4.8 million (FY99/00)
Agriculture - productsNorfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry
Industriestourism, light industry, ready mixed concrete
Exports - commoditiespostage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados
Imports - commoditiesNA
Debt - external$NA
Exchange ratesAustralian dollars (AUD) per US dollar -
1.311 (2017)
1.3291 (2016)
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 January 20, 2018