The Cook Islands' GDP composition in 2023 reveals a significant reliance on tourism and related sectors, with wholesale, retail trade, restaurants, and hotels contributing 39.31%. Services, encompassing public administration and other support services, account for 29.14%, reflecting an essential underpinning of the economy. Transport, storage, and communication add a further 15.59%, demonstrating the importance of connectivity. Agriculture-related sectors, at 7.86%, and mining, manufacturing, and utilities at 5.35%, present modest contributions, hinting at limited diversification. Construction contributes the least at 2.74%, suggesting low levels of infrastructure expansion in recent years.
Future trends to watch include the potential growth in digital services and infrastructure development, driven by increasing globalization and technological advancements. Moreover, efforts to diversify into sustainable agriculture and renewable energy could gradually reshape the sectoral composition, fostering resilience against tourism-dependent fluctuations.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Wholesale, retail trade, restaurants and hotels | 39.31 | 2016 | |
| 2 | 2 Services | 29.14 | 2016 | |
| 3 | 3 Transport, storage and communication | 15.59 | 2016 | |
| 4 | 4 Agriculture, hunting, forestry, fishing | 7.86 | 2016 | |
| 5 | 5 Mining, Manufacturing, Utilities | 5.35 | 2016 | |
| 6 | 6 Construction | 2.74 | 2016 |
