Christmas Island Economy - 2004

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. The casino closed in 1998. The Australian Government in 2001 agreed to support the creation of a commercial space-launching site on the island, projected to begin operations in mid-2004

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:
NA

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%
other: NA%
nuclear: NA%

Electricity - consumption:
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:
Australian dollar (AUD)

Currency code:
AUD

Exchange rates:
Australian dollars per US dollar - 1.5419 (2003), 1.9354 (2002), 1.9320 (2001), 1.7173(2000), 1.5497 (1999)