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Cocos (Keeling) Islands Economy Profile

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Economy - overviewCoconuts, grown throughout the islands, are the sole cash crop. Small local gardens and fishing contribute to the food supply, but additional food and most other necessities must be imported from Australia. There is a small tourist industry.
GDP (purchasing power parity)

NA

GDP - real growth rate1% (2003)
Labor forceNA
Labor force - by occupation

note: the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage workers; tourism is the other main source of employment

Unemployment rate0.1% (2011)

60% (2000 est.)
Budgetrevenues: NA

expenditures: NA
Agriculture - productsvegetables, bananas, pawpaws, coconuts
Industriescopra products, tourism
Exports

NA

Exports - commoditiescomputers, packaged medicines, precious metal watches, office machinery/parts, chemical analysis instruments (2019)
Exports - partnersUnited States 57%, Ireland 15% (2019)
Imports

NA

Imports - commoditiesgold, x-ray equipment, cars, prefabricated buildings, packaged medicines (2019)
Imports - partnersAustralia 73%, United Arab Emirates 15%, Netherlands 5% (2019)
Exchange ratesAustralian dollars (AUD) per US dollar -

1.311 (2017 est.)

1.3442 (2016 est.)

1.3442 (2015)

1.3291 (2014)

1.1094 (2013)
Fiscal year1 July - 30 June

Source: CIA World Factbook
This page was last updated on September 18, 2021