Overview: The primary economic activity is tourism, which has brought a level of prosperity unusual among inhabitants of the Pacific Islands. The number of visitors has increased steadily over the years and reached 29,000 in FY89. Revenues from tourism have given the island a favorable balance of trade and helped the agricultural sector to become self-sufficient in the production of beef, poultry, and eggs.

National product: GDP $NA

National product real growth rate: NA%

National product per capita: $NA

Inflation rate (consumer prices): NA%

Unemployment rate: NA%

Budget:
revenues: $NA
expenditures: $4.2 million, including capital expenditures of $400,000 (1989 est.)

Exports: $1.7 million (f.o.b., FY86)
commodities: postage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados
partners: Australia, Pacific Islands, NZ, Asia, Europe

Imports: $15.6 million (c.i.f., FY86)
commodities: NA
partners: Australia, Pacific Islands, NZ, Asia, Europe

External debt: $NA

Industrial production: growth rate NA%

Electricity:
capacity: 7,000 kW
production: 8 million kWh
consumption per capita: 3,160 kWh (1990)

Industries: tourism

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

Economic aid: none

Currency: 1 Australian dollar ($A) = 100 cents
Exchange rates: Australian dollars ($A) per US$1 - 1.4364 (January 1994), 1.4704 (1993), 1.3600 (1992), 1.2835 (1991), 1.2799 (1990), 1.2618 (1989)

Fiscal year: 1 July - 30 June

NOTE: The information regarding Norfolk Island on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Norfolk Island Economy 1995 information contained here. All suggestions for corrections of any errors about Norfolk Island Economy 1995 should be addressed to the CIA.