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    Christmas Island Economy - 1990

      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.

      GDP: $NA, per capita $NA; real growth rate NA%

      Inflation rate (consumer prices): NA%

      Unemployment rate: 0%

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

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

      Imports: $NA; commodities--NA; partners--NA

      External debt: $NA

      Industrial production: growth rate NA%

      Electricity: 11,000 kW capacity; 38 million kWh produced, 16,680 kWh per capita (1989)

      Industries: phosphate extraction (near depletion)

      Agriculture: NA

      Aid: none

      Currency: Australian dollar (plural--dollars); 1 Australian dollar ($A) = 100 cents

      Exchange rates: Australian dollars ($A) per US$1--1.2784 (January 1990), 1.2618 (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 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Christmas Island Economy 1990 information contained here. All suggestions for corrections of any errors about Christmas Island Economy 1990 should be addressed to the CIA.

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    Revised 07-Feb-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)