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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

  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
STAT AMOUNT DATE RANK HISTORY
Exchange rates the US dollar is used 2013

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011

Citation

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