Niue - Economy
How is the economy of Niue? Based on the information we have, Niue has a 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. Key agricultural products in this country include: taro, coconuts, fruits, sweet potatoes, tropical fruits, yams, vegetables, lemons/limes, bananas, pork (2022).
More about the economy of Niue
| Labor force | |
|---|---|
| Industrial production growth rate | |
| Industries | handicrafts, food processing |
| Population below poverty line | |
| Taxes and other revenues | |
| Fiscal year | |
| Exchange rates | |
| Currency | New Zealand dollars (NZD) per US dollar - |
| Exchange rates 2023 | 1.628 (2023 est.) |
| Exchange rates 2022 | 1.577 (2022 est.) |
| Exchange rates 2021 | 1.414 (2021 est.) |
| Exchange rates 2020 | 1.542 (2020 est.) |
| Exchange rates 2019 | 1.518 (2019 est.) |
| Debt - external | |
| Debt - external 2002 | $418,000 (2002 est.) |
| Budget | |
| Revenues | $15.07 million (FY04/05) |
| Expenditures | $16.33 million (FY04/05) |
| Budget surplus (+) or deficit (-) | |
| Imports | |
| Imports 2021 | $43.8 million (2021 est.) |
| Imports (partners) | UK 46%, NZ 31%, Japan 19%, Brazil 1%, US 1% (2022) |
| Comodities Imports force | iron structures, ships, refined petroleum, plastic products, cars (2022) |
| Exports | |
| Imports 2021 | $43.8 million (2021 est.) |
| Exports (partners) | US 56%, Brazil 9%, UK 6%, Kuwait 4%, Australia 4% (2022) |
| Comodities Exports force | broadcasting equipment, abrasive powder, collector's items, coin, milling stones (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2021 | $18.7 million (2021 est.) |
| Real GDP (purchasing power parity) 2020 | $19.9 million (2020 est.) |
| Real GDP (purchasing power parity) 2019 | $20.9 million (2019 est.) |
| GDP (official exchange rate) | |
| Real GDP Per capita | |
| Real GDP per capita 2021 | $11,100 (2021 est.) |
| Real GDP per capita 2020 | $11,800 (2020 est.) |
| Real GDP per capita 2019 | $12,400 (2019 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 23.5% (2003) |
| Industry | 26.9% (2003) |
| Services | 49.5% (2003) |
All Important Facts about Niue
Want to know more about Niue? Check all different factbooks for Niue below.
