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    Norfolk Island Index 2006

    Norfolk Island Main Index

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    Norfolk Island Economy - 2006

      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):

      Labor force:

      Labor force - by occupation:
      agriculture: 10%
      industry and services: 90%

      Unemployment rate:

      revenues: $4.6 million
      expenditures: $4.8 million; including capital expenditures of $2 million (FY99/00)

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

      tourism, light industry, ready mixed concrete

      Electricity - production:
      NA kWh

      Electricity - consumption:
      NA kWh

      $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 (2004)

      $17.9 million c.i.f. (FY91/92)

      Imports - commodities:

      Imports - partners:
      Australia, other Pacific island countries, NZ, Asia, Europe (2004)

      Debt - external:

      Economic aid - recipient:

      Currency (code):
      Australian dollar (AUD)

      Exchange rates:
      Australian dollars per US dollar - 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002), 1.9334 (2001)

      Fiscal year:
      1 July - 30 June

      NOTE: The information regarding Norfolk Island on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Norfolk Island Economy 2006 information contained here. All suggestions for corrections of any errors about Norfolk Island Economy 2006 should be addressed to the CIA.

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    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)