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.
- Currency: The national medium of exchange and its basic sub-unit.
- 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.
SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbooks 2010, 2011, 2012, 2013; 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 Profiles (Subcategories)
| Budget 4 | Labor force 3 |
| Government 5 | Trade 60 |
Norfolk Island categories
| Agriculture | Geography | Military |
| Background | Government | People |
| Economy | Health | Religion |
| Education | Labor | Transport |
| Energy | Language | |
| Environment | Media |
- Norfolk Island ranked second for labor force globally in 2013.
- Norfolk Island has ranked #2 in labor force per thousand people since 2010.
- Norfolk Island has ranked 4th from the bottom for budget > revenues since 2011.
- Norfolk Island has ranked in the top 185 for budget > expenditures since 2000.
- Norfolk Island has ranked in the top 152 for trade > exports since 2003.
- Norfolk Island has ranked in the top 151 for trade > imports since 2003.
- Norfolk Island has ranked in the top 139 for labor force > by occupation > agriculture since 2010.
