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Norfolk Island Economy 2008
http://www.allcountries.org/wfb2008/norfolk_island/norfolk_island_economy.html
SOURCE: 2008 CIA WORLD FACTBOOK

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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):
$NA

Labor force:
NA

Labor force - by occupation:
agriculture: 10%
industry and services: 90%

Budget:
revenues: $4.6 million
expenditures: $4.8 million (FY99/00)

Agriculture - products:
Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry

Industries:
tourism, light industry, ready mixed concrete

Electricity - production:
NA kWh

Electricity - consumption:
NA kWh

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 (2006)

Imports:
$17.9 million c.i.f. (FY91/92)

Imports - partners:
Australia, other Pacific island countries, NZ, Asia, Europe (2006)

Economic aid - recipient:
$NA

Debt - external:
$NA

Currency (code):
Australian dollar (AUD)

Exchange rates:
Australian dollars per US dollar - 1.2137 (2007), 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003)

Fiscal year:
1 July - 30 June


NOTE: The information regarding Norfolk Island on this page is re-published from the 2008 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Norfolk Island Economy 2008 information contained here. All suggestions for corrections of any errors about Norfolk Island Economy 2008 should be addressed to the CIA.



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This page was last modified 24-May-08
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