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Norfolk Island:
Economy

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Norfolk Island Page


Economy - overview
Definition
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)
Definition - World rank and map
$NA
Labor force
Definition
NA
Labor force - by occupation
Definition
agriculture: 10%
industry and services: 90%
Budget
Definition
revenues: $4.6 million
expenditures: $4.8 million (FY99/00)
Agriculture - products
Definition
Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry
Industries
Definition
tourism, light industry, ready mixed concrete
Electricity - production
Definition - World rank and map
NA kWh
Electricity - consumption
Definition - World rank and map
NA kWh
Exports
Definition - World rank and map
$1.5 million f.o.b. (FY91/92)
Exports - commodities
Definition
postage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados
Exports - partners
Definition
Australia, other Pacific island countries, NZ, Asia, Europe (2006)
Imports
Definition - World rank and map
$17.9 million c.i.f. (FY91/92)
Imports - commodities
Definition
NA
Imports - partners
Definition
Australia, other Pacific island countries, NZ, Asia, Europe (2006)
Debt - external
Definition - World rank and map
$NA
Economic aid - recipient
Definition
$NA
Currency (code)
Definition
Australian dollar (AUD)
Exchange rates
Definition
Australian dollars per US dollar - 1.2137 (2007), 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003)
Fiscal year
Definition
1 July - 30 June


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