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 (CIA rank, may be based on non-current data):
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
$NA
[see also: Imports country ranks ]
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.)
