Economy of The Cook Islands - Economic Statistics

Economic Statistics

GDP
Purchasing power parity - $183.2 million (2005 est.)
GDP - real growth rate
0.1% (2005 estimate)
GDP - per capita
$9 100 (2005 estimate)
GDP - composition by sector
  • Agriculture: 15.1%
  • Industry: 9.6%
  • Services: 75.3% (2000)
Population below poverty line
NA%
Household income or consumption by percentage share
  • Lowest 10%: NA%
  • Highest 10%: NA%
Inflation rate (consumer prices)
2.1% (2005 est.)
Labor force
6,820 (2001)
Labor force - by occupation
Agriculture 29%, industry 15%, services 56% (1995)
Unemployment rate
13.1% (2005)
Budget
  • Revenues: $70.95 million
  • Expenditures: $69.05 million; including capital expenditures of $5.744 million (FY00/01 est.)
Industries
Fruit processing, tourism, fishing, clothing, handicrafts
Industrial production growth rate
1% (2002)
Electricity - production
28 GW·h (2003)
Electricity - production by source
  • Fossil fuel: 100%
  • Hydro: 0%
  • Nuclear: 0%
  • Other: 0% (2001)
Electricity - consumption
34.46 GW·h (2005 est)
Electricity - exports
0 kW·h (2003)
Electricity - imports
0 kW·h (2003)
Oil consumption
400 bbl/d (64 m3/d) (2003)
Agriculture - products
Copra, citrus, pineapples, tomatoes, beans, pawpaws, bananas, yams, taro, coffee, pigs, poultry
Exports
$5.222 million (2005)
Exports - commodities
Copra, papayas, fresh and canned citrus fruit, coffee; fish; pearls and pearl shells; clothing
Exports - partners
Australia 34%, Japan 27%, New Zealand 25%, US 8% (2004)
Imports
$81.04 million (2005)
Imports - commodities
Foodstuffs, textiles, fuels, timber, capital goods
Imports - partners
New Zealand 61%, Fiji 19%, US 9%, Australia 6%, Japan 2% (2004)
Debt - external
$141 million (1996 est.)
Economic aid - recipient
$13.1 million (1995); note - New Zealand furnishes the greater part
Currency
1 New Zealand dollar (NZ$) = 100 cents
Exchange rates
New Zealand dollars (NZ$) per US$1 - 1.4203 (2005), 1.9451 (January 2000), 1.8886 (1999), 1.8632 (1998), 1.5083 (1997), 1.4543 (1996), 1.5235 (1995)
Fiscal year
1 April–31 March

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