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Norfolk Island

Norfolk Island Economy Stats

Overview:

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.

Definitions

  • Budget > Expenditures: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues > Per capita: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per capita figures expressed per 1 population.
  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Exports > Commodities: This entry provides a listing of the highest-valued exported products; it sometimes includes the percent of total dollar value.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Imports per capita: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Figures expressed per capita for the same year.
  • Industries: A rank ordering of industries starting with the largest by value of annual output.
  • Labor force: This entry contains the total labor force figure.
STAT AMOUNT DATE RANK HISTORY
Agriculture > Products Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry 2013
Budget > Expenditures $4.80 million 2010 148th out of 149
Budget > Revenues $4.60 million 2013 220th out of 223
Budget > Revenues > Per capita $2,482.46 per capita 2003 47th out of 160
Exchange rates Australian dollars (AUD) per US dollar -
0.97 (2012)
0.97 (2011)
1.09 (2010)
1.28 (2009)
1.21 (2008)
2013
Exports $1.50 million 1992 1st out of 1
Exports > Commodities postage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados 2013
Fiscal year 1 2013
Imports $17.90 million 2010 200th out of 201
Imports per capita $8,306.26 2010 46th out of 200
Industries tourism, light industry, ready mixed concrete 2013
Labor force 978 2013 2nd out of 230

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbooks 2010, 2011, 2012, 2013. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.

Citation

"Norfolk Island Economy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Norfolk-Island/Economy

Norfolk Island Economy Profiles (Subcategories)

Budget 4 Labor force 3
Government 5 Trade 60