Cook Islands [+]Compare [E]dit [H]istory

Aliases: Hervey Islands

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Object «Cook Islands» has attributes

Attribute Value
Geography
Area 236 km²
Continent Australia
Land area 236 km²
Water area 0 km²
Land boundaries 0 km
Border countries Add
Coastline 120 km
Mean elevation Add
Lowest point 0 m
Highest point 652 m
People
Population 8,574
Official languages
  • Cook Islands Maori (Rarotongan)
  • English
Religion Protestant
Government
Long country name Add
Short country name Cook Islands
Long local name Add
Short local name Add
Former name
  • Hervey Islands
Government type Self-governing parliamentary democracy
Capital Avarua
Economy
GDP (PPP) 299,900,000 USD
GDP (OER) 299,900,000 USD
GDP (real growth rate) 0.1 %
GDP - per capita (PPP) 16,700 USD
Gross national saving Add
Labor force 6,820
Unemployment rate 13.1 %
Population below poverty line Add
Budget revenues 86,900,000 USD
Budget expenditures 77,900,000 USD
Military expenditures Add
Taxes and other revenues 29 % of GDP
Budget surplus or deficit 3 % of GDP
Public debt Add
Inflation rate 2.2 %
Central bank discount rate Add
Commercial bank prime lending rate Add
Stock of narrow money 38,990,000 USD
Stock of broad money 148,200,000 USD
Stock of domestic credit Add
Market value of publicly traded shares Add
Current account balance 26,670,000 USD
Exports 3,125,000 USD
Imports 109,300,000 USD
Reserves of foreign exchange and gold Add
External debt 141,000,000 USD
National currency NZ dollars
National currency (code) NZD
National currency (symbol) $
National currency rate to USD 1.416

The Cook Islands, named after Captain James Cook who landed in 1773, became a British protectorate in 1888 and was later annexed by proclamation in 1900. The Cook Islands was first included within the boundaries of New Zealand in 1901, and in 1965, residents chose self-government in free association with New Zealand. The Cook Islands’ economy relies on tourism, fisheries, and foreign aid. More recently a growing offshore financial sector exposed the country to vulnerabilities which the government has addressed with legislation and regulations for the oversight of all banks and financial institutions, and with enforcement measures. The Cook Islands continues to face challenges with the emigration of skilled workers, government deficits, inadequate infrastructure, and natural resource depletion. The Cook Islands is expected to graduate to the high-income threshold set by the World Bank, which will limit the country’s access to Official Development Assistance under OECD guidelines.

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There was one edit, no edits waiting approval. Last edited by jmcdermott(9391), Sep 16, 2019 (48 fields were changed)
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