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 rate1% (2003)
Agriculture - productsvegetables, bananas, pawpaws, coconuts
Industriescopra products, tourism
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 rate60% (2000 est.)
Budgetrevenues: $NA
expenditures: $NA
Fiscal year1 July - 30 June
Exports - commoditiescopra
Imports - commoditiesfoodstuffs
Exchange ratesAustralian dollars (AUD) per US dollar -
1.352 (2016 est.)
1.3291 (2015 est.)
1.3291 (2014)
1.0358 (2013)
0.97 (2012)