Niue Economy - 2024

GEOGRAPHICAL NAMES 

Economic overview

upper-middle-income self-governing New Zealand territorial economy; environmentally fragile; massive emigration; post-pandemic tourism rebound; postage stamps, small-scale agricultural processing, and subsistence farming; most recent Asian Development Bank member

Real GDP (purchasing power parity)

$18.7 million (2021 est.)
$19.9 million (2020 est.)
$20.9 million (2019 est.)

Real GDP growth rate

6.2% (2003 est.)

Real GDP per capita

$11,100 (2021 est.)
$11,800 (2020 est.)
$12,400 (2019 est.)

note: data are in 2009 dollars

GDP (official exchange rate)

$10.01 million (2003) (2003)

Inflation rate (consumer prices)

4% (2005)

GDP - composition, by sector of origin

agriculture: 23.5% (2003)

industry: 26.9% (2003)

services: 49.5% (2003)

Agricultural products

coconuts, taro, fruit, sweet potatoes, tropical fruit, yams, vegetables, lemons, limes, bananas

Industries

handicrafts, food processing

Industrial production growth rate

N/A

Labor force

663 (2001)

Unemployment rate

12% (2001)

Population below poverty line

N/A

Household income or consumption by percentage share

lowest 10%: NA

highest 10%: NA

Budget

revenues: $15.07 million (FY04/05)

expenditures: $16.33 million (FY04/05)

Budget surplus (+) or deficit (-)

-12.6% (of GDP) (FY04/05)

Fiscal year

1 April - 31 March

Exports

$5.68 million (2021 est.)
$201,400 (2004 est.)

Exports - partners

Indonesia 57%, Thailand 7%, South Korea 5%, Czechia 4%, Poland 4% (2021)

Exports - commodities

tanker ships, collector's items, commemorative coins, fruits, nuts, juice, electrical resistors (2021)

Imports

$43.8 million (2021 est.)
$9.038 million (2004 est.)

Imports - partners

New Zealand 41%, United Kingdom 40%, Japan 15%, Israel 3%, Fiji 1% (2021)

Imports - commodities

floating platforms, tugboats, refined petroleum, cargo ships, cars, plasticware (2021)

Debt - external

$418,000 (2002 est.)

Exchange rates

New Zealand dollars (NZD) per US dollar -

Exchange rates:
1.416 (2017 est.)
1.4279 (2016 est.)
1.4279 (2015)
1.4279 (2014 est.)
1.2039 (2013 est.)

NOTE: The information regarding Niue on this page is re-published from the 2024 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Niue 2024 information contained here. All suggestions for corrections of any errors about Niue 2024 should be addressed to the CIA or the source cited on each page.