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Economy Cook Islands
Flag of Cook Islands Cook Islands
Population: 21,200 (July 2004 est.)
Capital: Avarua
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Tabular Data - The Cook Islander Economy

GDP : purchasing power parity - $105 million (2001 est.)
GDP - Real Growth Rate : 7.1% (2001 est.)
GDP - Per Capita : purchasing power parity - $5,000 (2001 est.)
GDP - Composition By Sector : agriculture: 17%
industry: 7.8%
services: 75.2% (2000 est.)
Inflation Rate (Consumer Prices) : 3.2% (2000 est.)
Labor Force : 8,000 (1996)
Labor Force - By Occupation : agriculture 29%, industry 15%, services 56%
note: shortage of skilled labor (1995)
Budget : revenues: $28 million
expenditures: $27 million, including capital expenditures of $3.3 million (FY00/01 est.)
Industries : fruit processing, tourism, fishing, clothing, handicrafts
Industrial Production Growth Rate : 1% (2002)
Electricity - Production : 27.43 million kWh (2001)
Electricity - Production by Source : fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)
Electricity - Consumption : 25.51 million kWh (2001)
Agriculture - Products : copra, citrus, pineapples, tomatoes, beans, pawpaws, bananas, yams, taro, coffee; pigs, poultry
Exports : $9.1 million (2000)
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% (2000)
Imports : $50.7 million (2000)
Imports - Commodities : foodstuffs, textiles, fuels, timber, capital goods
Imports - Partners : New Zealand 61%, Fiji 19%, US 9%, Australia 6%, Japan 2% (2000)
Debt - External : $141 million (1996 est.)
Economic Aid - Recipient : $13.1 million; note - New Zealand continues to furnish the greater part (1995)
Currency : New Zealand dollar (NZD)
Currency Code : NZD
Exchange Rates : New Zealand dollars per US dollar - 1.7229 (2003), 2.1622 (2002), 2.3776 (2001), 2.1863 (2000), 1.8886 (1999)
Fiscal Year : 1 April - 31 March

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Data Source: Central Intelligence Agency 2004 World Factbook