Cocos (Keeling) Islands Economy 2007

Economy - overview:
Grown throughout the islands, coconuts 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.

GDP (purchasing power parity):
$NA

Labor force:
NA

Labor force - by occupation:
note: the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage workers; tourism employs others

Unemployment rate:
60% (2000 est.)

Budget:
revenues: $NA
expenditures: $NA

Agriculture - products:
vegetables, bananas, pawpaws, coconuts

Industries:
copra products and tourism

Exports:
$NA

Exports - commodities:
copra

Exports - partners:
Australia (2006)

Imports:
$NA

Imports - commodities:
foodstuffs

Imports - partners:
Australia (2006)

Economic aid - recipient:
$NA

Currency (code):
Australian dollar (AUD)

Exchange rates:
Australian dollars per US dollar - 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002)