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Legend:
 Definition
 Field Listing
 Rank Order
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Background:
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There are 27 coral islands in the group. Captain William KEELING discovered the islands in 1609, but they remained uninhabited until the 19th century. Annexed by the UK in 1857, they were transferred to the Australian Government in 1955. The population on the two inhabited islands generally is split between the ethnic Europeans on West Island and the ethnic Malays on Home Island.
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People |
Cocos (Keeling) Islands |
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Economy - overview:
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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.
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GDP:
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purchasing power parity - NA
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GDP - real growth rate:
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NA
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GDP - per capita:
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purchasing power parity - NA
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GDP - composition by sector:
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agriculture: NA
industry: NA
services: NA (2001 est.)
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Population below poverty line:
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NA
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Household income or consumption by percentage share:
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lowest 10%: NA
highest 10%: NA
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Inflation rate (consumer prices):
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NA
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Labor force:
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NA
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Labor force - by occupation:
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the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage workers; tourism employs others
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Unemployment rate:
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60% (2000 est.)
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Budget:
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revenues: NA
expenditures: NA, including capital expenditures of NA
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Agriculture - products:
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vegetables, bananas, pawpaws, coconuts
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Industries:
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copra products and tourism
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Industrial production growth rate:
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NA
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Electricity - production:
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NA kWh
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Electricity - consumption:
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NA kWh
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Exports:
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NA
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Exports - commodities:
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copra
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Exports - partners:
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Australia
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Imports:
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NA
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Imports - commodities:
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foodstuffs
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Imports - partners:
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Australia
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Debt - external:
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NA
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Economic aid - recipient:
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NA
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Currency:
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Australian dollar (AUD)
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Currency code:
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AUD
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Exchange rates:
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Australian dollars per US dollar - 1.5419 (2003), 1.9354 (2002), 1.9320 (2001), 1.7173 (2000), 1.5497 (1999)
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Fiscal year:
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1 July - 30 June
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Military - note:
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defense is the responsibility of Australia; the territory does have a five-person police force
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Disputes - international:
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none
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