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 the near future

GDP:

GDP - real growth rate: NA

GDP - per capita:

GDP - composition by sector: Agriculture: NA industry: NA services: NA

Population below poverty line:

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Labor force: NA

Labor force - by occupation: NA

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Budget: Revenues: NA expenditures: NA, including capital expenditures of NA

Industries: Tourism, phosphate extraction (near depletion)

Industrial production growth rate:

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Oil - production:

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Agriculture - products: NA

Exports: NA

Exports - commodities: Phosphate

Exports - partners: Australia, NZ

Imports: NA

Imports - commodities: Consumer goods

Imports - partners: Principally Australia

Debt - external:

Economic aid - recipient: NA

Currency:

Currency code:

Exchange rates: Australian dollars per US dollar - 1.3598 (2004), 1.5419 (2003), 1.8406 (2002), 1.9334 (2001), 1.7248 (2000)

Fiscal year: 1 July - 30 June