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How is the economy of Christmas Island? Based on the information we have, Christmas Island has a high-income Australian territorial economy; development through government services and phosphate mining; operates Australia’s Immigration Detention Centre; increasing tourism and government investments; sustained environmental protections. Key agricultural products in this country include: . Is Christmas Island a wealthy country? The main economic activities on Christmas Island are the mining of low grade phosphate, limited tourism, the provision of government services and, since 2005, the construction and operation of the Immigration Detention Center. Dec 12, 2024 · Photos of Christmas Island. There are no photos for Christmas Island. Country Flag. ... Economy. Economic overview. Industries. Exports - partners. Exports - commodities. 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. The casino closed in 1998. In 2022, Christmas Island exported a total of $15.3M, making it the number 214 exporter in the world. During the last five reported years the exports of Christmas Island have changed by -$4.12M from $19.4M in 2017 to $15.3M in 2022. This industry remains a major contributor towards the economy of Christmas Island, along with the provision of government services. However, in recent years, the territory has been refocusing towards tourism and related industries in order to build a more sustainable economy. Economic indicators (millions of US$ unless otherwise specified) 2005 2010 2015 2023 ... CHRISTMAS ISLAND Source: UN Trade and Development, UNCTADstat (https ... Christmas Island Economy - 2024 SOURCE: 2024 CIA ... The information regarding Christmas Island on this page is re-published from the 2024 World Fact Book of the ... 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 by Phosphate Resources Limited, a consortium that included many of the former mine workers as shareholders and is the largest contributor to the Christmas Island economy. [93]

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