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    Norfolk Island Economy - 2003

      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: 0%
      hydro: 0%
      other: 0% (2002)
      nuclear: 0%

      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 - 1.8406 (2002), 1.9320 (2001), 1.7173 (2000), 1.5497 (1999), 1.5888 (1998)

      Fiscal year: 1 July - 30 June

      NOTE: The information regarding Norfolk Island on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Norfolk Island Economy 2003 should be addressed to the CIA.

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    Revised 20-Sep-03
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