Christmas Island Economy - 1989
SOURCE: 1989 CIA WORLD FACTBOOK
Overview: Phosphate mining is the only significant economic activity, but in November 1987 the Australian Government announced that the mine would be closed because of labor unrest. Plans are under way to build a casino and hotel to develop tourism.
Inflation rate (consumer prices): NA%
Unemployment rate: 0%
Budget: revenues $NA; expenditures $NA, including capital expenditures of $NA
Exports: $NA; @m5commodities--phosphate; @m5partners--Australia, NZ
Imports: $NA; @m5commodities--NA; @m5partners--NA
External debt: $NA
Industrial production: growth rate NA%
Electricity: 11,000 kW capacity; 38 million kWh produced, 16,680 kWh per capita (1988)
Industries: phosphate extraction (near depletion)
Currency: Australian dollar (plural--dollars); 1 Australian dollar ($A) = 100 cents
Exchange rates: Australian dollars ($A) per US$1--1.1493 (January 1989), 1.2752 (1988), 1.4267 (1987), 1.4905 (1986), 1.4269 (1985)
Fiscal year: 1 July-30 June
NOTE: The information regarding Christmas Island on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Christmas Island Economy 1989 information contained here. All suggestions for corrections of any errors about Christmas Island Economy 1989 should be addressed to the CIA.