| Economy overview |
Phosphate mining had been the only significant economic activity, but in December 1987 the Australian Government closed the mine. In 1991, the mine was reopened. With the support of the government, a $34 million casino opened in 1993. The casino closed in 1998. The Australian Government in 2001 agreed to support the creation of a commercial space-launching site on the island, projected to begin operations in mid-2004 |
| GDP |
purchasing power parity - NA |
| GDP - real growth rate |
NA |
| GDP - per capita |
purchasing power parity - NA |
| GDP - composition by sector |
agriculture: na
industry: na
services: na |
| Investment gross fixed |
|
| Population below poverty line |
NA |
| Household income or consumption by percentage share |
lowest 10%: na
highest 10%: na |
| Distribution of family income - Gini index |
|
| Inflation rate consumer prices |
NA |
| Labor force |
NA |
| Labor force by occupation |
NA |
| Unemployment rate |
NA |
| Budget |
revenues: na
expenditures: na, including capital expenditures of na |
| Public debt |
|
| Agriculture products |
NA |
| Industries |
tourism, phosphate extraction (near depletion) |
| Industrial production growth rate |
NA |
| Electricity production |
NA kWh |
| Electricity production by source |
fossil fuel: na
hydro: na
other: na
nuclear: na |
| Electricity consumption |
NA kWh |
| Electricity exports |
|
| Electricity imports |
|
| Oil production |
|
| Oil consumption |
|
| Oil exports |
|
| Oil imports |
|
| Oil proved reserves |
|
| Natural gas production |
|
| Natural gas consumption |
|
| Natural gas exports |
|
| Natural gas imports |
|
| Natural gas proved reserves |
|
| Current account balance |
|
| Exports |
NA |
| Exports commodities |
phosphate |
| Exports partners |
Australia, NZ |
| Imports |
NA |
| Imports commodities |
consumer goods |
| Imports partners |
principally Australia |
| Reserves of foreign exchange gold |
|
| Debt external |
NA |
| Economic aid recipient |
NA |
| Currency |
Australian dollar (AUD) |
| Currency code |
AUD |
| Exchange rates |
Australian dollars per US dollar - 1.5419 (2003), 1.9354 (2002), 1.9320 (2001), 1.7173(2000), 1.5497 (1999) |
| Fiscal year |
1 July - 30 June |