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%

Inflation rate - consumer price index NA%

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

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

Industries copra products and tourism

Industrial production growth rate NA%

Electricity - capacity NA kW

Electricity - production NA kWh

Electricity - consumption per capita NA kWh

Agriculture - products vegetables, bananas, pawpaws, coconuts

Exports $NA
commodities: copra
partners: Australia

Imports $NA
commodities: foodstuffs
partners: 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 Cocos (Keeling) Islands 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 Cocos (Keeling) Islands Economy 1998 information contained here. All suggestions for corrections of any errors about Cocos (Keeling) Islands Economy 1998 should be addressed to the CIA.