Economy
There is a small and growing tourist industry focused on water-based or nature activities.
Small local gardens and fishing contribute to the food supply, but most food and most other necessities must be imported from Australia or elsewhere.
The Cocos Islands Cooperative Society Ltd. employs construction workers, stevedores, and lighterage worker operations. Tourism employs others. The unemployment rate was 11.3% in 2006.
Read more about this topic: Cocos (Keeling) Islands
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)