Economy of Norfolk Island

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%
Unemployment rate:0
Budget:revenues: $4.6 million
expenditures: $4.8 million; including capital expenditures of $2 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 - production by source:fossil fuel: 0%
hydro: 0%
nuclear: 0%
other: 0% (2002)
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:$17.9 million c.i.f. (FY91/92)
Imports - commodities:NA
Imports - partners:Australia, other Pacific island countries, NZ, Asia, Europe (2006)
Debt - external:$NA
Economic aid - recipient:$NA
Currency (code):Australian dollar (AUD)
Currency code:AUD
Exchange rates:Australian dollars per US dollar - 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002)
Fiscal year:1 July - 30 June

Norfolk Island Quickstats

  • Population: 2,114 (July 2007 est.)
  • Area: 34.6 sq km
  • Density: 53.2 /km² (191st)
  • GDP (total):
  • GDP (per capita):
  • Literacy:

Languages of Norfolk Island

Useful to know

  • Currency: Australian dollar (AUD)
  • Dial code: +6723

International Trade

External sites

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