Norfolk Island - Economy
How is the economy of Norfolk Island? Based on the information we have, Norfolk Island has a high-income Australian territorial economy; key tourism and re-exportation industries; small labor force and declining participation creating more part-time jobs; former tax haven; increasing medical cannabis exporter; little transportation infrastructure. Key agricultural products in this country include: Norfolk Island pine seed, Kentia palm seed, cereals, vegetables, fruit; cattle, poultry.
More about the economy of Norfolk Island
Labor force
Industrial production growth rate
Industries tourism, light industry, ready mixed concrete
Population below poverty line
Taxes and other revenues
Fiscal year
Exchange rates
Currency Australian dollars (AUD) per US dollar -
Exchange rates 2023 1.505 (2023 est.)
Exchange rates 2022 1.442 (2022 est.)
Exchange rates 2021 1.331 (2021 est.)
Exchange rates 2020 1.453 (2020 est.)
Exchange rates 2019 1.439 (2019 est.)
Budget surplus (+) or deficit (-)
Imports (partners) Australia 52%, Fiji 13%, NZ 12%, Saudi Arabia 12%, Malaysia 5% (2023)
Comodities Imports force refined petroleum, plastics, electrical lighting/signalling equipment, cars, machinery (2023)
Exports (partners) USA 31%, Belgium 9%, Philippines 7%, Israel 6%, Singapore 6% (2023)
Comodities Exports force pine seeds, lumber, cars and vehicle parts, soybeans, lactose syrup (2021)
GDP (official exchange rate)
All Important Facts about Norfolk Island

Want to know more about Norfolk Island? Check all different factbooks for Norfolk Island below.

Norfolk Island is found in Australia and New Zealand