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Economy of Cocos Islands

Economy - overview: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.
GDP (purchasing power parity):$NA
Labor force:NA
Labor force - by occupation:note: the Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage workers; tourism employs others
Unemployment rate:60% (2000 est.)
Budget:revenues: $NA
expenditures: $NA
Agriculture - products:vegetables, bananas, pawpaws, coconuts
Industries:copra products and tourism
Electricity - production by source:fossil fuel: NA
hydro: NA
nuclear: NA
other: NA
Exports:$NA
Exports - commodities:copra
Exports - partners:Australia (2006)
Imports:$NA
Imports - commodities:foodstuffs
Imports - partners:Australia (2006)
Economic aid - recipient:$NA
Currency (code):Australian dollar (AUD)
Currency code:AUD
Exchange rates:Australian dollars per US dollar - 1.3285 (2006), 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002)
Fiscal year:1 July - 30 June

Cocos Islands Quickstats

  • Population: 596 (July 2007 est.)
  • Area: 14 sq km
  • Density:
  • GDP (total):
  • GDP (per capita):
  • Literacy:

Languages of Cocos Islands

Useful to know

  • Currency: Australian dollar (AUD)
  • Dial code: ++61-891

International Trade

External sites

More Resources

Cocos Islands Internet

  • Usage:
  • Penetration:
  • Top Domain: .ck

WT eBusiness info:

  • Success Ranking: 100
  • Market testing: Untested
  • Overall risk: High
  • Overall reward: Low

e-maturity:

  • Tourism: 10%
  • eCommerce: 10%
  • Gaming: 10%
  • eLearning: 10%

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