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![]() ![]() Christmas Island (territory of Australia) Economy 1999
Economyoverview: Phosphate mining had been the only significant economic activity, but in December 1987 the Australian Government closed the mine. In 1990, the mine was reopened by private operators. Australian-based Casinos Austria International Ltd. built a $45 million casino on Christmas Island. GDP: purchasing power parity$NA GDPreal growth rate: NA% GDPper capita: purchasing power parity$NA
GDPcomposition by sector:
Population below poverty line: NA%
Household income or consumption by percentage share:
Inflation rate (consumer prices): NA% Labor force: NA Labor forceby occupation: tourism 400 people, mining 100 people Unemployment rate: NA%
Budget:
Industries: tourism, phosphate extraction (near depletion) Industrial production growth rate: NA% Electricityproduction: NA kWh
Electricityproduction by source:
Electricityconsumption: NA kWh Electricityexports: NA kWh Electricityimports: NA kWh Agricultureproducts: NA Exports: $NA Exportscommodities: phosphate Exportspartners: Australia, NZ Imports: $NA Importscommodities: consumer goods Importspartners: principally Australia Debtexternal: $NA Economic aidrecipient: $NA Currency: 1 Australian dollar ($A) = 100 cents Exchange rates: Australian dollars ($A) per US$11.5853 (January 1999), 1.5888 (1998), 1.3439 (1997), 1.2773 (1996), 1.3486 (1995), 1.3667 (1994) Fiscal year: 1 July30 June
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