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    Christmas Island Economy 2000

      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

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    Revised 01-Nov-00
    Copyright © 2000 Photius Coutsoukis (all rights reserved)


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