Cocos (Keeling) Islands
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Economy - overviewGrown 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.
Labor forceNA
Labor force - by occupationnote: the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage workers; tourism employs others
Unemployment rate60% (2000 est.)
Budgetrevenues: $NA
expenditures: $NA
Industriescopra products and tourism
Electricity -
production by source
fossil fuel: NA
hydro: NA
nuclear: NA
other: NA
Agriculture - productsvegetables, bananas, pawpaws, coconuts
Exports$NA
Exports - commoditiescopra
Exports - partnersAustralia (2004)
Imports$NA
Imports - commoditiesfoodstuffs
Imports - partnersAustralia (2004)
Economic aid - recipient$NA
Currency codeAUD
Exchange ratesAustralian dollars per US dollar - 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002)
Fiscal year1 July - 30 June
LAST UPDATED ON 17 JUNE 2007