Norfolk Island Economy

Is Norfolk Island a wealthy country?

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.

Norfolk Island Economy Data

What is the GDP of Norfolk Island?

Currency Name and Code Australian Dollar (AUD)
GDP - Gross Domestic Product (PPP) $0 (USD)
GDP - note NA
GDP - official exchange rate $0 (USD)
GDP Per Capita $0.00 (USD)
Labor Force 978
Labor Force By Occupation- agriculture 6%
Labor Force By Occupation- industry 14%
Labor Force By Occupation- services 80%
Fiscal Year 1 July - 30 June
Annual Budget $4,600,000 (USD)
Major Industries tourism
Agriculture Products Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry
Exchange Rate per US Dollar Australian dollar (AUD)

Labor Force by Occupation- As reported by Norfolk Island

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