Encyclopedia > Economy of Christmas Island

  Article Content

Economy of Christmas Island

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 by union workers. With the support of the government, Australian-based Casinos Austria International Ltd. built a $34 million casino on Christmas Island, which opened in 1993. As of yearend 1999, gaming facilities at the casino were temporarily closed but were expected to reopen in early 2000. Another economic prospect is the possible location of a space-launching site on the 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 (1995)

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 - 1.5207 (January 2000), 1.5497 (1999), 1.5888 (1998), 1.3439 (1997), 1.2773 (1996), 1.3486 (1995)

Fiscal year: 1 July - 30 June

See also : Christmas Island



All Wikipedia text is available under the terms of the GNU Free Documentation License

 
  Search Encyclopedia

Search over one million articles, find something about almost anything!
 
 
  
  Featured Article
Shinnecock Hills, New York

... 14.5% have someone living alone who is 65 years of age or older. The average household size is 2.45 and the average family size is 3.00. In the town the population i ...

 
 
 
This page was created in 36 ms