Norfolk Island Economy 2001

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

GDP - real growth rate: NA%

GDP - per capita: purchasing power parity - $NA

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): NA%

Labor force: 1,395 (1991 est.)

Labor force - by occupation: tourism NA%, subsistence agriculture NA%

Unemployment rate: NA%

Budget:
revenues: $4.6 million
expenditures: $4.8 million, including capital expenditures of $NA (FY92/93)

Industries: tourism

Industrial production growth rate: NA%

Electricity - production: NA kWh

Electricity - production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricity - consumption: NA kWh

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

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

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

Imports - commodities: NA

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

Debt - external: $NA

Economic aid - recipient: $NA

Currency: Australian dollar (AUD)

Currency code: AUD

Exchange rates: Australian dollars per US dollar - 1.7995 (January 2001), 1.7173 (2000), 1.5497 (1999), 1.5888 (1998), 1.3439 (1997), 1.2773 (1996)

Fiscal year: 1 July - 30 June

NOTE: The information regarding Norfolk Island on this page is re-published from the 2001 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Norfolk Island Economy 2001 information contained here. All suggestions for corrections of any errors about Norfolk Island Economy 2001 should be addressed to the CIA.