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Cocos (Keeling) Islands(territory of Australia) Economy

    Economy—overview: Grown throughout the islands, coconuts are the sole cash crop. Copra and fresh coconuts are the major export earners. Small local gardens and fishing contribute to the food supply, but additional food and most other necessities must be imported from Australia.

    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: the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage worker operations; tourism employs others

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

    Industries: copra products and tourism

    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: vegetables, bananas, pawpaws, coconuts

    Exports: $NA

    Exports—commodities: copra

    Exports—partners: Australia

    Imports: $NA

    Imports—commodities: foodstuffs

    Imports—partners: 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)