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Economy of Cook Islands

The economy of the Cook Islands, as in many other South Pacific nations, is hindered by the isolation of the country from foreign markets, lack of natural resources, periodic devastation from natural disasters, and inadequate infrastructure.

Tourism provides the economic base with minor exports made up of tropical and citrus fruit. Manufacturing activities are limited to fruit-processing, clothing, and handicrafts.

Trade deficits are made up for by remittances from emigrants and by foreign aid, overwhelmingly from New Zealand. Efforts to exploit tourism potential, encourage offshore banking, and expand the mining and fishing industries have been partially successful in stimulating investment and growth.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Cook Islands"

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