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British Indian Ocean Territory

British Indian Ocean Territory Economy Stats

Overview:

All economic activity is concentrated on the largest island of Diego Garcia, where a joint UK-US military facility is located. Construction projects and various services needed to support the military installation are performed by military and contract employees from the UK, Mauritius, the Philippines, and the US. There are no industrial or agricultural activities on the islands. The territory earns foreign exchange by selling fishing licenses and postage stamps.

Definitions

  • Currency: The national medium of exchange and its basic sub-unit.
STAT AMOUNT DATE RANK
Currency US Dollar 2008

SOURCES: All CIA World Factbooks 18 December 2003 to 18 December 2008

Citation

"British Indian Ocean Territory Economy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/British-Indian-Ocean-Territory/Economy