Balance of Payments

An annual summary of the economic and financial transactions with other countries. Only current account transactions are included.

Balance of Payments

Balance of Payments 2011-2018

This publication updates the previously published balance of payments statistics from 2011 to 2018.

 

Annual BOP Highlights 2018

  • Cook Islands trade deficit of $158.1m were mainly offset by tourist revenue of $337.2m bringing the current account to a credit balance of $118.1m
  • The primary income credit of $27.3m is mainly made up of fishing licences and investment income associated with interest earned on deposits and debt securities held overseas.
  • The capital account is mainly Official Development Assistance (ODA) financing infrastructure (capital) projects. The balance on current and capital account of $135.9m in 2018 shows the economy was a net exporter of resources.
  • The financial account in 2018 recorded $98.2m in financial assets showing an increase of 36.6 per cent over the year similarly a $35.9m increase in liabilities over the same period.

Graph below illustrates the trend in the Current Account, Capital Account and Net Lending /Borrowing (Current + Capital Accounts balances)

BOP Statistics Graph 2011 2018

 

pdfBOP_Statistics_Report_2011-2018 pdf 1193KB

xlsxBOP_Statistics_Tables_2011-2018 xlsx 76KB

 

More on Balance of Payments...

Information about BOP Data is currently compiled in accordance with BPM5. Merchandise goods are measured through customs as described in the Merchandise Trade GDDS entry. Other goods included in this component are the jet fuel and the numismatic. Our jet fuel is brought into the country as import goods and re-sold to a foreign owned company (Air NZ) and this is considered as re-exports. Revenue from numismatic coins is extracted from the government accounts. The export and import of services are measured in the following components: transportation, travel, communication, insurance, financial and government services. Income and current transfers are also estimated to arrive at a current account balance. The Current Account Balance is published along with Merchandise Trade tables. The Capital or Financial Account is not published.