Cocos (Keeling) Islands Economy Profile 2004

Economy - overview

Grown throughout the islands, coconuts 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)

purchasing power parity - NA

GDP - real growth rate

NA

GDP - per capita (PPP)

purchasing power parity - NA

GDP - composition by sector

agriculture: NA
industry: NA
services: NA (2001 est.)

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

the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage workers; tourism employs others

Unemployment rate

60% (2000 est.)

Budget

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

Industries

copra products and tourism

Industrial production growth rate

NA

Electricity - production

NA kWh

Electricity - consumption

NA kWh

Agriculture - products

vegetables, bananas, pawpaws, coconuts

Exports

NA

Exports - commodities

copra

Exports - partners

Australia

Imports

NA

Imports - commodities

foodstuffs

Imports - partners

Australia

Debt - external

NA

Economic aid - recipient

NA

Currency

Australian dollar (AUD)

Currency (code)

AUD

Exchange rates

Australian dollars per US dollar - 1.5419 (2003), 1.9354 (2002), 1.9320 (2001), 1.7173 (2000), 1.5497 (1999)

Fiscal year

1 July - 30 June