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Christmas Island:
Economy

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Christmas Island Page


Other pages in this profile of Christmas Island:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Economy - overview
Definition
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. With the support of the government, a $34 million casino opened in 1993, but closed in 1998. The Australian Government in 2001 agreed to support the creation of a commercial space-launching site on the island, expected to begin operations in the near future.
GDP (purchasing power parity)
Definition - World rank and map
$NA
Labor force
Definition
NA
Budget
Definition
revenues: $NA
expenditures: $NA
Agriculture - products
Definition
NA
Industries
Definition
tourism, phosphate extraction (near depletion)
Exports
Definition - World rank and map
$NA
Exports - commodities
Definition
phosphate
Exports - partners
Definition
Australia, NZ (2006)
Imports
Definition - World rank and map
$NA
Imports - commodities
Definition
consumer goods
Imports - partners
Definition
principally Australia (2006)
Economic aid - recipient
Definition
$NA
Currency (code)
Definition
Australian dollar (AUD)
Exchange rates
Definition
Australian dollars per US dollar - 1.2137 (2007), 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003)
Fiscal year
Definition
1 July - 30 June


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