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Norfolk Island Economy
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
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
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)
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
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
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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