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Norfolk Island Economy 1996
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
FY88/89. 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.
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National product real growth rate:
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National product per capita:
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Inflation rate (consumer prices):
$4.2 million, including capital expenditures of $400,000 (1989 est.)
$1.7 million (f.o.b., FY85/86)
postage stamps, seeds of the Norfolk Island pine and Kentia palm, small
quantities of avocados
Australia, Pacific Islands, NZ, Asia, Europe
$15.6 million (c.i.f., FY85/86)
Australia, Pacific Islands, NZ, Asia, Europe
Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit,
cattle, poultry
1 Australian dollar ($A) = 100 cents
Australian dollars ($A) per US$1 - 1.3058 (January 1995), 1.3667 (1994),
1.4704 (1993), 1.3600 (1992), 1.2835 (1991), 1.2799 (1990)
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