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Legend:
Definition
Field Listing
Rank Order
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. From the 1820s to 1978, members of the CLUNIE-ROSS family controlled the islands and the copra produced from local coconuts. Annexed by the UK in 1857, the Cocos Islands 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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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 (purchasing power parity):
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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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note: 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: $NA
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Agriculture - products:
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vegetables, bananas, pawpaws, coconuts
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Industries:
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copra products and tourism
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Exports:
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$NA
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Exports - commodities:
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copra
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Exports - partners:
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Australia (2006)
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Imports:
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$NA
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Imports - partners:
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Australia (2006)
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Economic aid - recipient:
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$NA
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Currency (code):
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Australian dollar (AUD)
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Exchange rates:
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Australian dollars per US dollar - 1.2137 (2007), 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003)
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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 has a five-person police force
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Disputes - international:
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none
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This page was last updated on 17 January, 2008
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