banking licenses. Economic aid from New Zealand in
2002 was about US$2 million. Niue suffered a devastating typhoon in
January 2004, which decimated nascent economic programs. While in
the process of rebuilding, Niue has been dependent on foreign aid.

GDP (purchasing power parity):
$7.6 million (2000 est.)

GDP (official exchange rate):
$10.01 million (2003)

GDP - real growth rate:
6.2% (2003 est.)

GDP - per capita (PPP):
$5,800 (2003 est.)

GDP - composition by sector:
agriculture: 23.5%
industry: 26.9%
services: 49.5% (2003)

Labor force:
663 (2001)

Labor force - by occupation:
note: most work on family plantations; paid work exists only in
government service, small industry, and the Niue Development Board

Unemployment rate:
12% (2001)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
4% (2005)

Budget:
revenues: $15.07 million
expenditures: $16.33 million; including capital expenditures of
$123,700 (FY0405)

Agriculture - products:
coconuts, passion fruit, honey, limes, taro, yams, cassava
(tapioca), sweet potatoes; pigs, poultry, beef cattle

Industries:
tourism, handicrafts, food processing

Industrial production growth rate:
NA%

Electricity - production:
3 million kWh (2004)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
2.79 million kWh (2004)

Electricity - exports:
0 kWh (2004)

Electricity - imports:
0 kWh (2004)

Oil - production:
0 bbl/day (2004 est.)

Oil - consumption:
20 bbl/day (2004 est.)

Oil - exports:
NA bbl/day (2001)

Oil - imports:
NA bbl/day (2001)

Natural gas - production:
0 cu m (2004 est.)

Natural gas - consumption:
0 cu m (2004 est.)

Exports:
$201,400 (2004)

Exports - commodities:
canned coconut cream, copra, honey, vanilla, passion fruit
products, pawpaws, root crops, limes, footballs, stamps, handicrafts

Exports - partners:
New Zealand mainly, Fiji, Cook Islands, Australia (2004)

Imports:
$9.038 million (2004)

Imports - commodities:
food, live animals, manufactured goods, machinery, fuels,
lubricants, chemicals, drugs

Imports - partners:
New Zealand mainly, Fiji, Japan, Samoa, Australia, US (2004)

Debt - external:
$418,000 (20