Economy - overview | Coconuts, grown throughout the islands, 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 |
GDP - real growth rate | 1% (2003) |
Labor force | NA |
Labor force - by occupation | note: the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage workers; tourism is the other main source of employment |
Unemployment rate | 0.1% (2011) 60% (2000 est.) |
Budget | revenues: NA expenditures: NA |
Agriculture - products | vegetables, bananas, pawpaws, coconuts |
Industries | copra products, tourism |
Exports | NA |
Exports - commodities | computers, packaged medicines, precious metal watches, office machinery/parts, chemical analysis instruments (2019) |
Exports - partners | United States 57%, Ireland 15% (2019) |
Imports | NA |
Imports - commodities | gold, x-ray equipment, cars, prefabricated buildings, packaged medicines (2019) |
Imports - partners | Australia 73%, United Arab Emirates 15%, Netherlands 5% (2019) |
Exchange rates | Australian dollars (AUD) per US dollar - 1.311 (2017 est.) 1.3442 (2016 est.) 1.3442 (2015) 1.3291 (2014) 1.1094 (2013) |
Fiscal year | 1 July - 30 June |
Source: CIA World Factbook
This page was last updated on September 18, 2021