ECONOMY
Economy
- overview:
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. The casino closed in 1998.
The Australian Government in 2001 agreed to support the creation
of a commercial space-launching site on the island, projected
to begin operations in mid-2004
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
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:
NA
Unemployment rate:
NA
Budget:
revenues: NA
expenditures: NA, including capital expenditures of NA
Agriculture - products:
NA
Industries:
tourism, phosphate extraction (near depletion)
Industrial production growth rate:
NA
Electricity - production:
NA kWh
Electricity - consumption:
NA kWh
Exports:
NA
Exports - commodities:
phosphate
Exports - partners:
Australia, NZ
Imports:
NA
Imports - commodities:
consumer goods
Imports - partners:
principally 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
