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Christmas Island (territory of Australia) Economy

    Economy—overview: 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

    GDP—real growth rate: NA%

    GDP—per capita: purchasing power parity—$NA

    GDP—composition by sector:
    agriculture: NA%
    industry: NA%
    services: NA%

    Population below poverty line: NA%

    Household income or consumption by percentage share:
    lowest 10%: NA%
    highest 10%: NA%

    Inflation rate (consumer prices): NA%

    Labor force: NA

    Labor force—by occupation: tourism 400 people, mining 100 people

    Unemployment rate: NA%

    Budget:
    revenues: $NA
    expenditures: $NA, including capital expenditures of $NA

    Industries: tourism, phosphate extraction (near depletion)

    Industrial production growth rate: NA%

    Electricity—production: NA kWh

    Electricity—production by source:
    fossil fuel: NA%
    hydro: NA%
    nuclear: NA%
    other: NA%

    Electricity—consumption: NA kWh

    Electricity—exports: NA kWh

    Electricity—imports: NA kWh

    Agriculture—products: NA

    Exports: $NA

    Exports—commodities: phosphate

    Exports—partners: Australia, NZ

    Imports: $NA

    Imports—commodities: consumer goods

    Imports—partners: principally Australia

    Debt—external: $NA

    Economic aid—recipient: $NA

    Currency: 1 Australian dollar ($A) = 100 cents

    Exchange rates: Australian dollars ($A) per US$1—1.5853 (January 1999), 1.5888 (1998), 1.3439 (1997), 1.2773 (1996), 1.3486 (1995), 1.3667 (1994)

    Fiscal year: 1 July—30 June

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Revised 1-Mar-99
Copyright © 1999 Photius Coutsoukis (all rights reserved)