Page last updated on February 08, 2019

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
[see also: GDP country ranks ]

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: 229
[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 (FY99/00)
[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 est.)
1.3291 (2016 est.)
1.3291 (2015)
1.3291 (2014 est.)
1.1094 (2013 est.)