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Norfolk Island (territory of Australia) Economy 1999
Economyoverview: 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. Revenues from tourism have helped the agricultural sector to become self-sufficient in the production of beef, poultry, and eggs. GDP: purchasing power parity$NA GDPreal growth rate: NA% GDPper capita: purchasing power parity$NA
GDPcomposition by sector:
Population below poverty line: NA%
Household income or consumption by percentage share:
Inflation rate (consumer prices): NA% Labor force: 1,395 (1991 est.) Labor forceby occupation: tourism NA%, subsistence agriculture NA% Unemployment rate: NA%
Budget:
Industries: tourism Industrial production growth rate: NA% Electricityproduction: NA kWh
Electricityproduction by source:
Electricityconsumption: NA kWh Electricityexports: NA kWh Electricityimports: NA kWh Agricultureproducts: Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry Exports: $1.5 million (f.o.b., FY91/92) Exportscommodities: postage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados Exportspartners: Australia, other Pacific island countries, NZ, Asia, Europe Imports: $17.9 million (c.i.f., FY91/92) Importscommodities: NA Importspartners: Australia, other Pacific island countries, NZ, Asia, Europe Debtexternal: $NA Economic aidrecipient: $NA Currency: 1 Australian dollar ($A) = 100 cents Exchange rates: Australian dollars ($A) per US$11.5853 (January 1999), 1.5888 (1998), 1.3439 (1997), 1.2773 (1996), 1.3486 (1995), 1.3667 (1994) Fiscal year: 1 July30 June
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