Release - May 8th, 2017

Key facts

Gross Domestic Product: September quarter 2016

• GDP for September Quarter 2016 at current market prices was $123.2 million recording a growth rate of 11.9 per cent when compared to June quarter 2016. When compared to September quarter 2015, value added had increased by 8.5 per cent.
• At constant 2006 prices, September quarter 2016 recorded a value of $95.2 million. With a growth rate of 12.0 per cent in economic activity when compared to September quarter 2015.
• Restaurant and Accommodation up 24.3% when compared to June qtr 2016.
• Construction showed the largest decrease of 50.7% when compared to June qtr 2016.
• The tertiary sector contributed the most to GDP with a share of 93.1%

Graph below shows the quarterly percentage change over previous quarter of GDP at current and constant prices

Downloads:

• Quarterly National Accounts: September quarter 2016
• Quarterly National Accounts: September quarter 2016- Tables

Annual GDP Latest release

Key facts

In the 2012 calendar year:

• Economic activity increased in real terms by 4.4 percent.
• Construction (up 29.7 per cent), Fishing and Pearl (up 9.8 per cent), and Restaurants and Accommodation (up 5.9 per cent) were the main drivers of growth.
• Mining and Manufacturing (down 7.9 per cent) had the largest decline.
• GDP per capita was $14,939 (up 1.2 percent). 

Downloads:

• National Accounts 2013924.14 KB
• National Accounts 2013 - Tables77.5 KB

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.