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Norfolk Island Economy 2018

SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES











Norfolk Island Economy 2018
SOURCE: 2018 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 28, 2018

Economy - overview:
Norfolk Island is suffering from a severe economic downturn. Tourism, the primary economic activity, is the main driver of economic growth. The agricultural sector has become self-sufficient in the production of beef, poultry, and eggs.

GDP (purchasing power parity):
$NA

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

Industries:
tourism, light industry, ready mixed concrete

Labor force:
978 (2006)
country comparison to the world: 230
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 6%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 14%
[see also: Labor force - by occupation - industry country ranks ]
services: 80% (2006 est.)
[see also: Labor force - by occupation - services country ranks ]

Budget:
revenues: $4.6 million
[see also: Budget - revenues country ranks ]
expenditures: $4.8 million (FY99/00)
[see also: Budget - expenditures country ranks ]

Fiscal year:
1 July - 30 June

Exports:
$NA
[see also: Exports country ranks ]

Exports - commodities:
postage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados

Imports:
$NA
[see also: Imports country ranks ]

Imports - commodities:
NA

Debt - external:
$NA
[see also: Debt - external country ranks ]

Exchange rates:
Australian dollars (AUD) per US dollar - 1.311 (2017) 1.3291 (2016) 1.3291 (2015) 1.3291 (2014 est.) 1.1094 (2013 est.)

NOTE: 1) The information regarding Norfolk Island on this page is re-published from the 2018 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Norfolk Island Economy 2018 information contained here. All suggestions for corrections of any errors about Norfolk Island Economy 2018 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) The assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 28-Feb-18
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