Cook Islands economy · Economy in Cook Islands
All Destinations | Europe | Asia | North America | Africa | South America | Oceania | Hotels
Economy in Cook Islands
Economy in Cook Islands
Like many other South Pacific island nations, the Cook Islands' economic development is hindered by the isolation of the country from foreign markets, the limited size of domestic markets, lack of natural resources, periodic devastation from natural disasters, and inadequate infrastructure. Agriculture and tourism provide the economic base with major exports made up of copra and citrus fruit. Manufacturing activities are limited to fruit processing, clothing, and handicrafts. Trade deficits are offset by remittances from emigrants and by foreign aid, overwhelmingly from New Zealand. In the 1980s and 1990s, the country lived beyond its means, maintaining a bloated public service and accumulating a large foreign debt. Subsequent reforms, including the sale of state assets, the strengthening of economic management, the encouragement of tourism, and a debt restructuring agreement, have rekindled some investment and growth.
The Most Frequently Asked Travel Questions about Cook Islands
Where To Stay & Best Hotels in Cook Islands - updated May 2024
SAVE up to 75% on Last Minute deals! Search for discount Cook Islands hotels, motels, apartments, hostels, guest accommodations and vacation resorts. Book now and pay at the hotel. Instant email confirmation!
>>> SEARCH FOR DEALS <<<
WHERE TO TRAVEL NEXT IN 2020
Cook Islands Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.