Economy Of Norfolk Island

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
Investment gross fixed
Population below poverty line	NA
Household income or consumption by percentage share	lowest 10%: NA highest 10%: NA
Distribution of family income - Gini index
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)
Public debt
Agriculture products	Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry
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
Electricity exports
Electricity imports
Oil production
Oil consumption
Oil exports
Oil imports
Oil proved reserves
Natural gas production
Natural gas consumption
Natural gas exports
Natural gas imports
Natural gas proved reserves
Current account balance
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
Reserves of foreign exchange gold
Debt external	NA
Economic aid recipient	NA
Currency	Australian dollar (AUD)
Currency code	AUD
Exchange rates	Australian dollars per US dollar - 1.5419 (2003), 1.8406 (2002), 1.9320 (2001), 1.7173 (2000), 1.5497 (1999)
Fiscal year	1 July - 30 June

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This information was reproduced in part from the CIA World Fact book.

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Economy Of Norfolk