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 NA

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%
other: NA%
nuclear: 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 - 1.9354 (January 2002), 1.9320 (2001), 1.7173 (2000), 1.5497 (1999), 1.5888 (1998), 1.3439 (1997)

Fiscal year 1 July - 30 June

NOTE: The information regarding Norfolk Island on this page is re-published from the 2002 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Norfolk Island Economy 2002 information contained here. All suggestions for corrections of any errors about Norfolk Island Economy 2002 should be addressed to the CIA.