Norfolk Island -Economy and Business has created a brand name for itself in the global market. Some of the important aspects of the economy and business in the Norfolk Island include Norfolk Island Fisheries, Norfolk Island real estate. The total Norfolk Island labor force proves to be an inseparable part of the Norfolk Island Economy and Business.
Economy of Norfolk Island banks on tourism industry. The revenue generated from Norfolk Island tourism industry accounts for a major part of the $4.6 million revenue that is generated from all the economic sectors as a whole. Some of the agricultural products that form an intricate part of agricultural trade and business in the region include Kentia palm seed, Norfolk Island pine seed, cereals, vegetables, fruit; cattle, poultry. Avocado is one of the chief components for export in the country.
The chief trading partners of the Norfolk Island are Australia, Pacific island countries, Asia, Europe, Asia and New Zealand. The total import value of the country is $17.9 million and the total export value is $1.5 million. The total expenditure of the islands is $4.8million, which also includes the capital expenditures. Norfolk Island -Economy and Business proves to be the indicator of the scaling infrastructure of the country.
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Norfolk Island Economy and Business |
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