Economy - overview Phosphate mining had been the only significant economic activity, but in December 1987 the Australian Government closed the mine. In 1990, the mine was reopened by private operators. Australian-based Casinos Austria International Ltd. built a $45 million casino on Christmas 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%

Inflation rate - consumer price index NA%

Labor force
total: NA
by occupation: tourism 400 people, mining 100 people

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 - capacity NA kW

Electricity - production NA kWh

Electricity - consumption per capita NA kWh

Agriculture - products NA

Exports $NA
commodities: phosphate
partners: Australia, NZ

Imports $NA
commodities: consumer goods
partners: principally Australia

Debt - external $NA

Economic aid none

Currency 1 Australian dollar ($A) = 100 cents

Exchange rates Australian dollars ($A) per US$1 - 1.5281 (January 1998), 1.3439 (1997), 1.2773 (1996), 1.3486 (1995), 1.3667 (1994), 1.4704, (1993)

Fiscal year 1 July - 30 June

NOTE: The information regarding Christmas Island on this page is re-published from the 1998 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Christmas Island Economy 1998 information contained here. All suggestions for corrections of any errors about Christmas Island Economy 1998 should be addressed to the CIA.