World Factbook

Cook Islands

Last updated: 2026-03-28 (today)

Budget

note

note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated

revenues

$113.687 million (2022 est.)

expenditures

$143.391 million (2022 est.)

Industries

fishing, fruit processing, tourism, clothing, handicrafts

Exchange rates

Currency

New Zealand dollars (NZD) per US dollar -

Exchange rates 2020

1.542 (2020 est.)

Exchange rates 2021

1.414 (2021 est.)

Exchange rates 2022

1.577 (2022 est.)

Exchange rates 2023

1.628 (2023 est.)

Exchange rates 2024

1.652 (2024 est.)

Economic overview

high-income self-governing New Zealand territorial economy; tourism-based activity but diversifying; severely curtailed by COVID-19 pandemic; copra and tropical fruit exporter; Asian Development Bank aid recipient

Exports - partners

Japan 33%, Thailand 15%, Greece 15%, France 11%, China 8% (2023)

note: top five export partners based on percentage share of exports

Imports - partners

NZ 44%, Italy 26%, Fiji 9%, China 7%, Australia 3% (2023)

note: top five import partners based on percentage share of imports

Real GDP per capita

note

note: data in 2015 dollars

Real GDP per capita 2022

$19,700 (2022 est.)

Real GDP per capita 2023

$25,700 (2023 est.)

Real GDP per capita 2024

$29,800 (2024 est.)

Real GDP growth rate

Real GDP growth rate 2020

-5.2% (2020 est.)

Real GDP growth rate 2021

-24.5% (2021 est.)

Real GDP growth rate 2022

10.5% (2022 est.)

Agricultural products

coconuts, vegetables, papayas, pork, sweet potatoes, tomatoes, fruits, mangoes/guavas, watermelons, chicken (2023)

note: top ten agricultural products based on tonnage

Exports - commodities

fish, ships, garments, shellfish (2023)

note: top export commodities based on value in dollars over $500,000

Imports - commodities

ships, refined petroleum, cars, plastic products, additive manufacturing machines (2023)

note: top five import commodities based on value in dollars

GDP (official exchange rate)

$409.077 million (2024 est.)

note: data in current dollars at official exchange rate

Inflation rate (consumer prices)

note

note: annual % change based on consumer prices

Inflation rate (consumer prices) 2020

1% (2020 est.)

Inflation rate (consumer prices) 2021

1.9% (2021 est.)

Inflation rate (consumer prices) 2022

10.6% (2022 est.)

Real GDP (purchasing power parity)

note

note: data are in 2015 dollars

Real GDP (purchasing power parity) 2022

$306.285 million (2022 est.)

Real GDP (purchasing power parity) 2023

$364.686 million (2023 est.)

Real GDP (purchasing power parity) 2024

$401.155 million (2024 est.)