Investment Opportunities in the Pacific Islands

Page 23

Credit: Chris Burt

Niue Niue is a self-governing state in free the north-east of New Zealand, a three-hour (weekly) flight away. Niueans are New Zealand citizens with the right of free access to New Zealand, which also provides substantial economic and administrative assistance. Niue’s population is around 1600 but more than 20,000 Niueans actually live in New Zealand. Remittances are thus a major contributor to the local economy. Its economy is remarkably well-developed, with established tourism, fisheries and manufacturing

Population:

1470 (2010 est.)

Capital: Alofi Surface area:

260 sq km

Language: English Political status:

self-governing parliamentary democracy in free association with New Zealand

Nominal GDP: NZD$20.5 million/USD$16.8 million (2006) Currency:

New Zealand dollar (NZD)

Major industrial sectors:

tourism, handicrafts, food processing

Exports:

canned coconut cream, copra, honey, vanilla, pawpaw, root crops, limes, stamps, handicrafts, fish

Major export markets:

New Zealand, Fiji, Cook Islands, Australia, USA

Imports:

food, live animals, manufactured goods, machinery, fuels, lubricants, chemicals, pharmaceuticals

Major import markets:

New Zealand, Fiji, Japan, Samoa, Australia, USA

sectors. Kopotama Jacobson, Angle grinder (ink on paper) JPGCredit: Okai Oceanik Art

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association with New Zealand. It is located to


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