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_#_Independence: became a self-governing territory in free association with New Zealand on 19 October 1974 _#_Constitution: 19 October 1974 (Niue Constitution Act) _#_Legal system: English common law _#_National holiday: Waitangi Day (Treaty of Waitangi established British sovereignty), 6 February (1840) _#_Executive branch: British monarch, premier, Cabinet _#_Legislative branch: Legislative Assembly _#_Judicial branch: Appeal Court of New Zealand, High Court _#_Leaders: Chief of State--Queen ELIZABETH II (since 6 February 1952), represented by New Zealand Representative John SPRINGFORD (since 1974); Head of Government--Premier Sir Robert R. REX (since NA October 1974) _#_Suffrage: universal adult at age 18 _#_Political parties and leaders: Niue Island Party (NIP), Young VIVIAN _#_Elections: Legislative Assembly--last held on 8 April 1990 (next to be held March 1993); results--percent of vote NA; seats--(20 total, 6 elected) independents 5, NIP 1 _#_Member of: ESCAP (associate), SPC, SPF _#_Diplomatic representation: none (self-governing territory in free association with New Zealand) _#_Flag: yellow with the flag of the UK in the upper hoist-side quadrant; the flag of the UK bears five yellow five-pointed stars--a large one on a blue disk in the center and a smaller one on each arm of the bold red cross _*_Economy _#_Overview: The economy is heavily dependent on aid from New Zealand. Government expenditures regularly exceed revenues, with the shortfall made up by grants from New Zealand--the grants are used to pay wages to public employees. The agricultural sector consists mainly of subsistence gardening, although some cash crops are grown for export. Industry consists primarily of small factories to process passion fruit, lime oil, honey, and coconut cream. The sale of postage stamps to foreign collectors is an important source of revenue. The island in recent years has suffered a serious loss of population because of migration of Niueans to New Zealand. _#_GNP: $2.1 million, per capita $1,000; real growth rate NA% (1989 est.) _#_Inflation rate (consumer prices): 9.6% (1984) _#_Unemployment rate: NA% _#_Budget: revenues $5.5 million; expenditures $6.3 million, including capital expenditures of $NA (FY85 est.) _#_Exports: $175,274 (f.o.b., 1985); commodities--canned coconut cream, copra, honey, passion fruit products, pawp
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