Christmas Island Economy
Christmas Island Economy: A summary of information about Christmas Island Economy, from government research data as well as independent research and other sources.
Christmas Island: Economy
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
