Page last updated on June 16, 2014

Economy - overview:
Coconuts, grown throughout the islands, are the sole cash crop. Small local gardens and fishing contribute to the food supply, but additional food and most other necessities must be imported from Australia. There is a small tourist industry.

GDP (purchasing power parity):
$NA
[see also: GDP country ranks ]

GDP - real growth rate:
1% (2003)
country comparison to the world: 174
[see also: GDP - real growth rate country ranks ]

Agriculture - products:
vegetables, bananas, pawpaws, coconuts

Industries:
copra products, tourism

Labor force:
NA
[see also: Labor force country ranks ]

Labor force - by occupation:
note: the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage workers; tourism is the other main source of employment

Unemployment rate:
60% (2000 est.)
country comparison to the world: 198
[see also: Unemployment rate country ranks ]

Budget:
revenues: $NA
expenditures: $NA

Fiscal year:
1 July - 30 June

Exports:
$NA
[see also: Exports country ranks ]

Exports - commodities:
copra

Imports:
$NA
[see also: Imports country ranks ]

Imports - commodities:
foodstuffs

Exchange rates:
Australian dollars (AUD) per US dollar -
1.031 (2013)
0.9658 (2012)
1.0902 (2010)
1.2822 (2009)
1.2059 (2008)