21, Nov 2009, CST. Welcome to the Cook Islands economic statistics pages provided by the beta version of EconomyWatch.com’s Econ Stats database.

Economic Indicators For: Cook Islands › Change country
National or Regional Currency: New Zealand Dollar, NZD
Year of data: 2008 › Change year
Number of Indicators Listed: 1
Full Dataset: From Year 1980 to 2013
Date of Last Update: 1 Sept 2009
Population: 11,870 (July 2009 est.)
Area: total: 236.7 sq km land: 236.7 sq km water: 0 sq km
Natural Resources: NEGL
Government Type: Cook Islands government type
Government Ministers: Cook Islands ministers
Capital: Avarua
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook

Like many other South Pacific island countries, the Cook Islands' economic progress is hindered by the isolation of the nationfrom foreign markets, the put a ceiling on size of domestic markets, lack of natural resources, periodic devastation from natural disasters, and inadequate infrastructure and facilities. Agriculture, fisheries and farming, employing approximately one-third of the working general populace, provides the economic base with serious exports made up of copra and citrus fruit. Black pearls are the Cook Islands' leading export. Industrial manufacturing activities are put a ceiling on to fruit processing, clothing, and handicrafts. trade (imports and exports) deficits are offset by remittance inflows from emigrants and by foreign aid overwhelmingly from New Zealand. In the 1980s and 1990s, the nationlived beyond its means, sustaining a bloated public service and accumulating a large foreign public debt. Subsequent reform, including the sale of state assets, the strengthening of economic management, the encouragement of tourism and transportation, and a public debt restructuring agreement, have rekindled investment and growth.

GDP (Current Prices, US Dollars) for Cook Islands in year 2008 is US$ n/a Billion. Values are based upon GDP in national currency and the exchange rate projections provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise.

GDP Growth (Constant Prices, National Currency) for Cook Islands in year 2008 is n/a %. Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific.