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