Overview: Phosphate mining had been the only significant economic activity, but in December 1987 the Australian Government closed the mine as no longer economically viable. Plans have been under way to reopen the mine and also to build a casino and hotel to develop tourism.

National product: GDP $NA

National product real growth rate: NA%

National product per capita: $NA

Inflation rate (consumer prices): NA%

Unemployment rate: NA%

Budget:
revenues: $NA
expenditures: $NA, including capital expenditures of $NA

Exports: $NA
commodities: phosphate
partners: Australia, NZ

Imports: $NA
commodities: consumer goods
partners: principally Australia

External debt: $NA

Industrial production: growth rate NA%

Electricity:
capacity: 11,000 kW
production: 30 million kWh
consumption per capita: 17,800 kWh (1990)

Industries: phosphate extraction (near depletion)

Agriculture: NA

Economic aid: none

Currency: 1 Australian dollar ($A) = 100 cents
Exchange rates: Australian dollars ($A) per US$1 - 1.4364 (January 1994), 1.4704, (1993), 1.3600 (1992), 1.2836 (1991), 1.2799 (1990), 1.2618 (1989)

Fiscal year: 1 July - 30 June

NOTE: The information regarding Christmas Island on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Christmas Island Economy 1995 information contained here. All suggestions for corrections of any errors about Christmas Island Economy 1995 should be addressed to the CIA.