Southeast Asia > Christmas Island > Economy

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Currency	Australian dollar
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, but closed in 1998. The Australian Government in 2001 agreed to support the creation of a commercial space-launching site on the island, expected to begin operations in the near future.
Exchange rates Australian dollars per US dollar - 1.3598 (2004), 1.5419 (2003), 1.8406 (2002), 1.9334 (2001), 1.7248 (2000)
Exchange rates > Recent years Australian dollars per US dollar - 1.3095 (2005), 1.3598 (2004), 1.5419 (2003), 1.8406 (2002), 1.9334 (2001)
Exchange rates to USD > 2006	1.3285
Exports > Commodities	phosphate
Exports > Partners	Australia, NZ
Exports to US	$100,000.00		[209th of 224]
Fiscal year	1 July - 30 June
Imports > Commodities	consumer goods
Imports > Partners	principally Australia
Imports from US	$300,000.00		[204th of 224]
Industries tourism, phosphate extraction (near depletion)
Trade balance with US	$200,000.00		[97th of 224]
Trade with US > US exports of furniture, household goods, etc	42		[148th of 202]
Trade with US > US exports of textile, sewing machines	4		[155th of 183]
Trade with US > US imports of glassware, porcelain, and chinaware	21		[82nd of 125]
Trade with US > US imports of other parts and accessories	0		[164th of 167]
Trade with US > US imports of parts for civilian aircraft	0		[126th of 135]
Trade with US > US imports of telecommunications equipment	5		[136th of 179]

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