Short facts about the economy in 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

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

Source: World Factbook