Cocos (Keeling) Islands: Economy#

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.

Economic Facts#

GDP (purchasing power parity)$NA
GDP - real growth rate1% (2003)
Labor force - by occupationnote: the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage workers; tourism is the other main source of employment
Exports - commoditiescopra
Agriculture - productsvegetables, bananas, pawpaws, coconuts
Budgetrevenues: $NA
expenditures: $NA
Imports - commoditiesfoodstuffs
Exchange ratesAustralian dollars (AUD) per US dollar -
1.031 (2013)
0.9658 (2012)
1.0902 (2010)
1.2822 (2009)
1.2059 (2008)
Fiscal year1 July - 30 June
Industriescopra products, tourism
Labor forceNA
Unemployment rate60% (2000 est.)