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- Economy
-
- Overview: Phosphate mining is the only significant economic
- activity, but in November 1987 the Australian Government
- announced that the mine would be closed because of labor
- unrest. Plans are under way to build a casino and hotel
- to develop tourism.
-
- GDP: $NA, per capita $NA; real growth rate NA%.
-
- Inflation rate (consumer prices): NA%.
-
- Unemployment rate: 0%.
-
- Budget: revenues $NA; expenditures $NA, including capital
- expenditures of $NA.
-
- Exports: $NA; commodities--phosphate; partners--Australia, NZ.
-
- Imports: $NA; commodities--NA; partners--NA.
-
- External debt: $NA.
-
- Industrial production: growth rate NA%.
-
- Electricity: 11,000 kW capacity; 38 million kWh produced,
- 16,680 kWh per capita (1989).
-
- Industries: phosphate extraction (near depletion).
-
- Agriculture: NA.
-
- Aid: none.
-
- Currency: Australian dollar (plural--dollars); 1 Australian
- dollar ($A) = 100 cents.
-
- Exchange rates: Australian dollars ($A) per US$1--1.2784
- (January 1990), 1.2618 (1989), 1.2752 (1988), 1.4267 (1987),
- 1.4905 (1986), 1.4269 (1985).
-
- Fiscal year: 1 July-30 June.
-