The Economy of Christmas Island
The Economy of Christmas Island
Christmas Island Economy
Economy - overview: Phosphate mining had been the only significant economic activity, but in December 1987 the Australian government closed the mine. In 1991, the mine was reopened. With the support of the government, a $34 million casino opened in 1993, but closed in 1998. The Australian government in 2001 agreed to support the creation of a commercial space-launching site on the island expected to begin operations in the near future.
GDP:
GDP - real growth rate:
GDP - per capita:
GDP - composition by sector:
Population below poverty line:
Household income or consumption by percentage share:
Distribution of family income - Gini index:
Inflation rate (consumer prices):
Labor force: NA
Labor force - by occupation:
Unemployment rate:
Budget: revenues: $NA expenditures: $NA
Industries: tourism, phosphate extraction (near depletion)
Industrial production growth rate:
Electricity - production:
Electricity - production by source:
Electricity - consumption:
Electricity - exports:
Electricity - imports:
Oil - production:
Oil - consumption:
Oil - exports:
Oil - imports:
Oil - proved reserves:
Natural gas - production:
Natural gas - consumption:
Natural gas - exports:
Natural gas - imports:
Natural gas - proved reserves:
Agriculture - products: NA
Exports: $NA
Exports - commodities: phosphate
Exports - partners:
Imports: $NA
Imports - commodities: consumer goods
Imports - partners:
Debt - external:
Economic aid - recipient:
Currency:
Currency code:
Exchange rates: Australian dollars (AUD) per US dollar - 1.2059 (2008 est.), 1.2137 (2007), 1.3285 (2006), 1.3095 (2005), 1.3598 (2004)
Fiscal year: