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Economy - overview:
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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, slated to begin operation in 2003.
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GDP:
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purchasing power parity - $NA
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GDP - real growth rate:
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NA%
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GDP - per capita:
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purchasing power parity - $NA
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GDP - composition by sector:
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agriculture: NA%
industry: NA%
services: NA%
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Population below poverty line:
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NA%
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA%
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Inflation rate (consumer prices):
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NA%
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Labor force:
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NA
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Labor force - by occupation:
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tourism 400 people, mining 100 people (1995)
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Unemployment rate:
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NA%
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Budget:
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revenues: $NA
expenditures: $NA, including capital expenditures of $NA
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Industries:
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tourism, phosphate extraction (near depletion)
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Industrial production growth rate:
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NA%
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Electricity - production:
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NA kWh
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Electricity - production by source:
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fossil fuel: NA%
hydro: NA%
other: NA%
nuclear: NA%
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Electricity - consumption:
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NA kWh
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Agriculture - products:
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NA
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Exports:
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$NA
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Exports - commodities:
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phosphate
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Exports - partners:
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Australia, NZ
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Imports:
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$NA
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Imports - commodities:
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consumer goods
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Imports - partners:
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principally Australia
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Debt - external:
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$NA
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Economic aid - recipient:
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$NA
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Currency:
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Australian dollar (AUD)
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Currency code:
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AUD
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Exchange rates:
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Australian dollars per US dollar - 1.9354 (2002), 1.9320 (2001), 1.7173(2000), 1.5497 (1999), 1.5888 (1998)
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Fiscal year:
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1 July - 30 June
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