Cocos (Keeling) Islands: Economy#
Coconuts, 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.Economic Facts#
| GDP (purchasing power parity) | $NA |
|---|---|
| GDP - real growth rate | 1% (2003) |
| Agriculture - products | vegetables, bananas, pawpaws, coconuts |
| Industries | copra products, tourism |
| Labor force | NA |
| 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 rate | 60% (2000 est.) |
| Budget | revenues: $NA expenditures: $NA |
| Fiscal year | 1 July - 30 June |
| Exports | $NA |
| Exports - commodities | copra |
| Imports | $NA |
| Imports - commodities | foodstuffs |
| Exchange rates | Australian dollars (AUD) per US dollar - 1.352 (2016 est.) 1.3291 (2015 est.) 1.3291 (2014) 1.0358 (2013) 0.97 (2012) |