National Accounts - December Quarter 2017
Note
This is the first release of Cook Islands GDP using 2016 as the new base year for constant prices and the new benchmark year for current prices. Prior to this, the base year for constant price GDP estimates was 2006. Due to the rebase process, revisions have been made therefore, previous publications may differ to what is provided in this release.
Key facts
Gross Domestic Product: December quarter 2017
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GDP for December Quarter 2017 at current prices was $127.8 million. This resulted in a 6.5 percent decrease when compared to September quarter 2017.
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At constant 2016 prices, December quarter 2017 recorded a value of $134.1 million, resulting in a 13.7 percent increase when compared to the same quarter of the previous year.
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The Services Industry contributed the largest to total GDP with a value of $101.7 million.
Downloads:
Annual GDP Latest release
Key facts
In the 2017 calendar year:
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Total gross domestic product for the year 2017, at current prices, was $486.4 million.
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At constant 2016 prices, total GDP for 2017 recorded a value of $487.5 million.
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At current prices, the agriculture and fishing sector contributed a share of 2.9 per cent to total GDP while the industry sector contributed 7.7 percent. The remaining, which was the largest, was contributed by the services sector
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With an estimated total population of 17,000 in mid-2017, GDP per capita was $28,613.
Downloads:
Annual National Accounts 2017 Tables
More Information about National Accounts
The Cook Islands National Accounts are largely based on the United Nations Systems of National Accounts 1993 (SNA93) framework. Data on gross domestic product (GDP) at current and constant prices is compiled using the production approach (one of the three GDP approaches). 2006 prices are used for deriving GDP at real or constant prices and which has been estimated for the years 2000-2011.
GDP data is published on a quartelry and annual basis (both at current and at real prices) and includes:
- Quarterly and annual GDP
- GDP per capita
- Quarterly and annual growth rate
- GDP by institutional sectors
- GDP by industry
- GDP by primary/secondary/tertiary sector
Data on GNI is not available.