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Country vs country: Australia and Cook Islands compared: Economy stats

Definitions

  • Budget > Expenditures: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
  • Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Exports per capita: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Figures expressed per capita for the same year.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP > Composition by sector > Agriculture: The gross domestic product (GDP) or value of all final goods produced by the agricultural sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Composition by sector > Industry: The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Composition by sector > Services: The gross domestic product (GDP) or value of all final services produced within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
  • GDP > Purchasing power parity: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller.
  • GDP > Real growth rate: GDP growth on an annual basis adjusted for inflation and expressed as a percent.
  • Inflation rate > Consumer prices: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.
  • Unemployment rate: This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.
  • Budget surplus > + or deficit > -: This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits.
  • Debt > External: Total public and private debt owed to non-residents repayable in foreign currency, goods, or services.
  • Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Imports per capita: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Figures expressed per capita for the same year.
  • Exports > Commodities: This entry provides a listing of the highest-valued exported products; it sometimes includes the percent of total dollar value.
  • Industries: A rank ordering of industries starting with the largest by value of annual output.
  • GDP > Composition, by sector of origin > Services: This entry is derived from Economy > GDP > Composition, by sector of origin, which shows where production takes place in an economy. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
  • Exchange rates: The official value of a country's monetary unit at a given date or over a given period of time, as expressed in units of local currency per US dollar and as determined by international market forces or official fiat.
  • Exports > Main exports: Country main exports.
  • Labor force: This entry contains the total labor force figure.
  • Budget > Revenues > Per capita: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per capita figures expressed per 1 population.
  • Current account balance: This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • GDP > Official exchange rate: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at offical exchange rates (OER) is the home-currency-denominated annual GDP figure divided by the bilateral average US exchange rate with that country in that year. The measure is simple to compute and gives a precise measure of the value of output. Many economists prefer this measure when gauging the economic power an economy maintains vis-a-vis its neighbors, judging that an exchange rate captures the purchasing power a nation enjoys in the international marketplace. Official exchange rates, however, can be artifically fixed and/or subject to manipulation - resulting in claims of the country having an under- or over-valued currency - and are not necessarily the equivalent of a market-determined exchange rate. Moreover, even if the official exchange rate is market-determined, market exchange rates are frequently established by a relatively small set of goods and services (the ones the country trades) and may not capture the value of the larger set of goods the country produces. Furthermore, OER-converted GDP is not well suited to comparing domestic GDP over time, since appreciation/depreciation from one year to the next will make the OER GDP value rise/fall regardless of whether home-currency-denominated GDP changed.
  • Currency > Monetary unit: Country currency.
  • Currency: The national medium of exchange and its basic sub-unit.
  • Trade > Exports: The total US dollar amount of exports on an f.o.b. (free on board) basis.
  • Imports > Commodities: This entry provides a listing of the highest-valued imported products; it sometimes includes the percent of total dollar value.
  • Industrial > Production growth rate: The annual percentage increase in industrial production (includes manufacturing, mining, and construction).
  • GDP > Composition, by sector of origin > Agriculture: This entry is derived from Economy > GDP > Composition, by sector of origin, which shows where production takes place in an economy. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
  • Retail > Gross value added by wholesale, retail trade, restaurants and hotels: Gross Value Added by Kind of Economic Activity at current prices - US dollars.
  • Trade > Imports > By good > Passenger cars etc: Imports of Passenger cars etc, by country, in thousands USD
  • Labor force > By occupation > Services: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
  • GDP > Per $ GDP: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per $ GDP figures expressed per 1 $ gross domestic product.
  • Labor force > By occupation > Agriculture: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
    Additional details:
    • Gibraltar: negligible (2013)


  • GDP > Composition, by sector of origin > Industry: This entry is derived from Economy > GDP > Composition, by sector of origin, which shows where production takes place in an economy. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other private economic activities that do not produce material goods.
  • Labor force > By occupation > Industry: This entry is derived from Economy > Labor force > By occupation, which lists the percentage distribution of the labor force by sector of occupation. Agriculture includes farming, fishing, and forestry. Industry includes mining, manufacturing, energy production, and construction. Services cover government activities, communications, transportation, finance, and all other economic activities that do not produce material goods. The distribution will total less than 100 percent if the data are incomplete and may range from 99-101 percent due to rounding.
  • Retail > Gross value added by wholesale, retail trade, restaurants and hotels per capita: Gross Value Added by Kind of Economic Activity at current prices - US dollars. Figures expressed per capita for the same year.
  • Trade > Imports: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Labor force per thousand people: This entry contains the total labor force figure. Figures expressed per thousand people for the same year.
  • Industrial production growth rate: This entry gives the annual percentage increase in industrial production (includes manufacturing, mining, and construction).
  • GDP > By type of expenditure > Household consumption expenditure per capita: GDP by Type of Expenditure at current prices - US dollars. Figures expressed per capita for the same year.
  • Trade > Exports > Exports of goods and services: GDP by Type of Expenditure at current prices - US dollars.
  • GDP > Purchasing power parity > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • Trade > Exports > Exports of goods and services per capita: GDP by Type of Expenditure at current prices - US dollars. Figures expressed per capita for the same year.
  • Trade > Imports > Imports of goods and services: GDP by Type of Expenditure at current prices - US dollars.
  • Oil > Proved reserves: This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
  • Oil > Proved reserves per capita: This entry is the stock of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions. Figures expressed per capita for the same year.
  • Oil > Consumption: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
  • Trade > Imports > By good > Computer equipment: Imports of Computer equipment, by country, in thousands USD
  • Trade balance with US: In US dollars. Jan 2003 - March 2003
  • Oil > Production: This entry is the total oil produced in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
  • Trade > Exports to US: in US dollars. Jan 2003 - March 2003
  • Budget > Expenditures > Per capita: Expenditures calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms Per capita figures expressed per 1 population.
  • Oil > Exports: This entry is the total oil exported in barrels per day (bbl/day), including both crude oil and oil products.
    Additional details:
    • Bahamas, The: transshipments of 41,570 bbl/day (2007)
    • Bahamas, The: transshipments of 41,610 bbl/day (2009)


  • Electricity > Production: This entry is the annual electricity generated expressed in kilowatt-hours. The discrepancy between the amount of electricity generated and/or imported and the amount consumed and/or exported is accounted for as loss in transmission and distribution.
  • Oil > Imports: This entry is the total oil imported in barrels per day (bbl/day), including both crude oil and oil products.
  • GDP > Official exchange rate > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at offical exchange rates (OER) is the home-currency-denominated annual GDP figure divided by the bilateral average US exchange rate with that country in that year. The measure is simple to compute and gives a precise measure of the value of output. Many economists prefer this measure when gauging the economic power an economy maintains vis-a-vis its neighbors, judging that an exchange rate captures the purchasing power a nation enjoys in the international marketplace. Official exchange rates, however, can be artifically fixed and/or subject to manipulation - resulting in claims of the country having an under- or over-valued currency - and are not necessarily the equivalent of a market-determined exchange rate. Moreover, even if the official exchange rate is market-determined, market exchange rates are frequently established by a relatively small set of goods and services (the ones the country trades) and may not capture the value of the larger set of goods the country produces. Furthermore, OER-converted GDP is not well suited to comparing domestic GDP over time, since appreciation/depreciation from one year to the next will make the OER GDP value rise/fall regardless of whether home-currency-denominated GDP changed. Per capita figures expressed per 1 population.
  • Trade > Exports > Per capita: The total US dollar amount of exports on an f.o.b. (free on board) basis. Per capita figures expressed per 1 population.
  • Natural gas > Proved reserves: This entry is the stock of proved reserves of natural gas in cubic meters (cu m). Proved reserves are those quantities of natural gas, which, by analysis of geological and engineering data, can be estimated with a high degree of confidence to be commercially recoverable from a given date forward, from known reservoirs and under current economic conditions.
  • Oil > Consumption per thousand people: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors. Figures expressed per thousand people for the same year.
  • Trade > Imports > By good > Veneer plywood etc: Imports of Veneer/plywood/etc, by country, in thousands USD
  • Electricity > Consumption: This entry consists of total electricity generated annually plus imports and minus exports, expressed in kilowatt-hours. The discrepancy between the amount of electricity generated and/or imported and the amount consumed and/or exported is accounted for as loss in transmission and distribution.
  • Trade > Imports > Per capita: This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Per capita figures expressed per 1 population.
  • Trade > Imports > By good > Tractors: Imports of Tractors, by country, in thousands USD
  • GDP > By type of expenditure > Household consumption expenditure: GDP by Type of Expenditure at current prices - US dollars.
  • Trade > Imports > Imports of goods and services per capita: GDP by Type of Expenditure at current prices - US dollars. Figures expressed per capita for the same year.
STAT Australia Cook Islands HISTORY
Budget > Expenditures $556.10 billion
Ranked 11th. 8054 times more than Cook Islands
$69.05 million
Ranked 2nd.

Budget > Revenues $504.70 billion
Ranked 10th. 7113 times more than Cook Islands
$70.95 million
Ranked 210th.

Overview The Australian economy has experienced continuous growth and features low unemployment, contained inflation, very low public debt, and a strong and stable financial system. By 2012, Australia had experienced more than 20 years of continued economic growth, averaging 3.5% a year. Demand for resources and energy from Asia and especially China has grown rapidly, creating a channel for resources investments and growth in commodity exports. The high Australian dollar has hurt the manufacturing sector, while the services sector is the largest part of the Australian economy, accounting for about 70% of GDP and 75% of jobs. Australia was comparatively unaffected by the global financial crisis as the banking system has remained strong and inflation is under control. Australia has benefited from a dramatic surge in its terms of trade in recent years, stemming from rising global commodity prices. Australia is a significant exporter of natural resources, energy, and food. Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, copper, gold, natural gas, uranium, and renewable energy sources. A series of major investments, such as the US$40 billion Gorgon Liquid Natural Gas project, will significantly expand the resources sector. Australia is an open market with minimal restrictions on imports of goods and services. The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia plays an active role in the World Trade Organization, APEC, the G20, and other trade forums. Australia has bilateral free trade agreements (FTAs) with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US, has a regional FTA with ASEAN and New Zealand, is negotiating agreements with China, India, Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the Gulf Cooperation Council countries, and is also working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam. Like many other South Pacific island nations, the Cook Islands' economic development is hindered by the isolation of the country from foreign markets, the limited size of domestic markets, lack of natural resources, periodic devastation from natural disasters, and inadequate infrastructure. Agriculture, employing more than one-quarter of the working population, provides the economic base with major exports of copra and citrus fruit. Black pearls are the Cook Islands' leading export. Manufacturing activities are limited to fruit processing, clothing, and handicrafts. Trade deficits are offset by remittances from emigrants and by foreign aid overwhelmingly from New Zealand. In the 1980s and 1990s, the country lived beyond its means, maintaining a bloated public service and accumulating a large foreign debt. Subsequent reforms, including the sale of state assets, the strengthening of economic management, the encouragement of tourism, and a debt restructuring agreement, have rekindled investment and growth.
Exports $257.90 billion
Ranked 22nd. 51580000 times more than Cook Islands
$5,000.00
Ranked 198th.

Exports per capita $11,369.45
Ranked 28th. 26122 times more than Cook Islands
$0.44
Ranked 198th.
Fiscal year 1 1
GDP > Composition by sector > Agriculture 4%
Ranked 139th.
5.1%
Ranked 128th. 28% more than Australia

GDP > Composition by sector > Industry 26.6%
Ranked 108th. 2 times more than Cook Islands
12.7%
Ranked 195th.

GDP > Composition by sector > Services 69.4%
Ranked 48th.
82.1%
Ranked 9th. 18% more than Australia

GDP > Per capita $37,828.78 per capita
Ranked 15th. 4 times more than Cook Islands
$8,565.55 per capita
Ranked 71st.
GDP > Per capita > PPP $42,000.00
Ranked 11th. 5 times more than Cook Islands
$9,100.00
Ranked 8th.

GDP > Purchasing power parity $961.00 billion
Ranked 18th. 5246 times more than Cook Islands
$183.20 million
Ranked 10th.

GDP > Real growth rate 3.7%
Ranked 87th. 37 times more than Cook Islands
0.1%
Ranked 10th.

Inflation rate > Consumer prices 1.8%
Ranked 168th.
2.2%
Ranked 181st. 22% more than Australia

Unemployment rate 5.2%
Ranked 88th.
13.1%
Ranked 6th. 3 times more than Australia
Budget surplus > + or deficit > - -3.4% of GDP
Ranked 109th.
1% of GDP
Ranked 1st.
Debt > External $1.50 trillion
Ranked 12th. 10617 times more than Cook Islands
$141.00 million
Ranked 4th.

Imports $263.00 billion
Ranked 20th. 3150 times more than Cook Islands
$83.49 million
Ranked 201st.

Imports per capita $11,594.28
Ranked 29th. 54% more than Cook Islands
$7,505.39
Ranked 50th.

Exports > Commodities coal, iron ore, gold, meat, wool, alumina, wheat, machinery and transport equipment copra, papayas, fresh and canned citrus fruit, coffee; fish; pearls and pearl shells; clothing
Industries mining, industrial and transportation equipment, food processing, chemicals, steel fruit processing, tourism, fishing, clothing, handicrafts
GDP > Composition, by sector of origin > Services 68.9%
Ranked 55th.
82.1%
Ranked 3rd. 19% more than Australia
Exchange rates Australian dollars (AUD) per US dollar -<br />0.97 (2012 est.)<br />0.97 (2011 est.)<br />1.09 (2010)<br />1.28 (2009)<br />1.21 (2008) NZ dollars (NZD) per US dollar -<br />1.23 (2012)<br />1.27 (2011 est.)<br />1.39 (2010)<br />1.6 (2009)<br />1.42 (2008)
Exports > Main exports Ores and metals; wool, food and live animals; fuels, transport machinery and equipment Black pearls
Labor force 12
Ranked 115th. Twice as much as Cook Islands
6
Ranked 142nd.

Agriculture > Products wheat, barley, sugarcane, fruits; cattle, sheep, poultry copra, citrus, pineapples, tomatoes, beans, pawpaws, bananas, yams, taro, coffee; pigs, poultry
Budget > Revenues > Per capita $15,753.02 per capita
Ranked 19th. 5 times more than Cook Islands
$3,317.28 per capita
Ranked 56th.

Current account balance $-57,140,000,000.00
Ranked 175th.
$26.67 million
Ranked 59th.

GDP > Official exchange rate $1.52 trillion
Ranked 12th. 8302 times more than Cook Islands
$183.20 million
Ranked 7th.

Currency > Monetary unit 1 Australian dollar = 100 cents 1 New Zealand dollar ($NZ) = 100 cents
Currency Australian dollar NZ dollar
Trade > Exports $210.70 billion
Ranked 20th. 40349 times more than Cook Islands
$5.22 million
Ranked 170th.

Imports > Commodities machinery and transport equipment, computers and office machines, telecommunication equipment and parts; crude oil and petroleum products foodstuffs, textiles, fuels, timber, capital goods
Industrial > Production growth rate 3%
Ranked 105th. 3 times more than Cook Islands
1%
Ranked 57th.
Tourist arrivals by region of origin > Europe 1.33 million
Ranked 41st. 73 times more than Cook Islands
18,171
Ranked 147th.

GDP > Composition, by sector of origin > Agriculture 3.9%
Ranked 137th.
5.1%
Ranked 124th. 31% more than Australia
Retail > Gross value added by wholesale, retail trade, restaurants and hotels 171.09 billion
Ranked 13th. 1346 times more than Cook Islands
127.07 million
Ranked 187th.

Stock of narrow money None None
Trade > Imports > By good > Passenger cars etc 6.98 million
Ranked 10th. 2692 times more than Cook Islands
2,595
Ranked 103th.
Labor force > By occupation > Services 75%
Ranked 2nd. 34% more than Cook Islands
56%
Ranked 1st.
GDP > Per $ GDP $37,828.78 per $1 of GDP
Ranked 15th. 4 times more than Cook Islands
$8,565.55 per $1 of GDP
Ranked 71st.
Labor force > By occupation > Agriculture 3.6%
Ranked 155th.
29%
Ranked 75th. 8 times more than Australia

GDP > Composition, by sector of origin > Industry 27.2%
Ranked 103th. 2 times more than Cook Islands
12.7%
Ranked 199th.
Labor force > By occupation > Industry 21.1%
Ranked 66th. 41% more than Cook Islands
15%
Ranked 114th.

Retail > Gross value added by wholesale, retail trade, restaurants and hotels per capita 7,542.37
Ranked 16th.
11,790.41
Ranked 5th. 56% more than Australia

GDP > CIA Factbook $571.40 billion
Ranked 16th. 5442 times more than Cook Islands
$105.00 million
Ranked 12th.
Trade > Imports $200.40 billion
Ranked 20th. 2473 times more than Cook Islands
$81.04 million
Ranked 166th.

Labor force per thousand people 0.000539
Ranked 100th.
0.574
Ranked 15th. 1065 times more than Australia

Industrial production growth rate 3.5%
Ranked 77th. 4 times more than Cook Islands
1%
Ranked 2nd.
GDP > By type of expenditure > Household consumption expenditure per capita 38,080.65
Ranked 6th. 4 times more than Cook Islands
10,603.5
Ranked 49th.

Trade > Exports > Exports of goods and services 311.29 billion
Ranked 19th. 1311 times more than Cook Islands
237.52 million
Ranked 185th.

GDP > Purchasing power parity > Per capita $37,828.78 per capita
Ranked 15th. 4 times more than Cook Islands
$8,565.55 per capita
Ranked 71st.
Trade > Exports > Exports of goods and services per capita 13,723.08
Ranked 37th.
22,039.89
Ranked 22nd. 61% more than Australia

Trade > Imports > Imports of goods and services 322.15 billion
Ranked 16th. 1943 times more than Cook Islands
165.83 million
Ranked 197th.

Oil > Proved reserves 3.32 billion bbl
Ranked 27th.
0.0
Ranked 133th.

Oil > Proved reserves per capita 148.63 bbl
Ranked 25th.
0.0
Ranked 133th.

Oil > Consumption 960,800 bbl/day
Ranked 22nd. 961 times more than Cook Islands
1,000 bbl/day
Ranked 200th.

Trade > Imports > By good > Computer equipment 3.15 million
Ranked 15th. 3990 times more than Cook Islands
790
Ranked 104th.
Trade balance with US $1.43 billion
Ranked 2nd.
$-600,000.00
Ranked 116th.
Oil > Production 549,200 bbl/day
Ranked 29th.
0.0
Ranked 156th.

Trade > Exports to US $1.43 billion
Ranked 32nd. 2036 times more than Cook Islands
$700,000.00
Ranked 177th.
Budget > Expenditures > Per capita $15,454.50 per capita
Ranked 18th. 5 times more than Cook Islands
$3,228.45 per capita
Ranked 53th.

Oil > Exports 312,600 bbl/day
Ranked 39th.
0.0
Ranked 155th.

Electricity > Production 232 billion kWh
Ranked 15th. 7484 times more than Cook Islands
31 million kWh
Ranked 82nd.

Stock of broad money None None
Oil > Imports 731,400 bbl/day
Ranked 18th. 1576 times more than Cook Islands
464 bbl/day
Ranked 193th.

GDP > Official exchange rate > Per capita $44,474.51 per capita
Ranked 15th. 5 times more than Cook Islands
$8,565.55 per capita
Ranked 55th.
Trade > Exports > Per capita $6,954.04 per capita
Ranked 37th. 28 times more than Cook Islands
$244.16 per capita
Ranked 126th.
Natural gas > Proved reserves 3.12 trillion cu m
Ranked 11th.
0.0
Ranked 135th.

Oil > Consumption per thousand people 43.54 bbl/day
Ranked 36th.
87.05 bbl/day
Ranked 14th. Twice as much as Australia
Trade > Imports > By good > Veneer plywood etc 132,452
Ranked 26th. 109 times more than Cook Islands
1,210
Ranked 96th.
Tourist arrivals by region of origin > Americas 584,194
Ranked 39th. 90 times more than Cook Islands
6,475
Ranked 148th.

Electricity > Consumption 225.4 billion kWh
Ranked 13th. 7574 times more than Cook Islands
29.76 million kWh
Ranked 160th.

Trade > Imports > Per capita $7,830.02 per capita
Ranked 33th. 2 times more than Cook Islands
$3,789.04 per capita
Ranked 53th.
Trade > Imports > By good > Tractors 349,900
Ranked 6th. 4486 times more than Cook Islands
78
Ranked 101st.
GDP > By type of expenditure > Household consumption expenditure 863.81 billion
Ranked 11th. 7559 times more than Cook Islands
114.27 million
Ranked 200th.

Trade > Imports > Imports of goods and services per capita 14,201.76
Ranked 32nd.
15,387.26
Ranked 28th. 8% more than Australia

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; CIA World Factbooks 2010, 2011, 2012, 2013. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; All CIA World Factbooks 18 December 2003 to 18 December 2008; CIA World Factbook 2010, 2011, 2012, 2013; British Broadcasting Corporation 2014; Source: World Tourism Organization Statistics Database and Yearbook | United Nations World Tourism Organization; United Nations Statistics Division; International Trade Centre UNCTAD/WTO; United Nations Statistics Division. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; United Nations Statistics Division. Source tables. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; United Nations Statistics Division. Source tables; United Nations Statistics Division. Source tables. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; United Nations Statistics Division. Source tables; International Trade Centre UNCTAD/WTO; US Census Bureau; International Trade Centre UNCTAD/WTO; International Trade Centre UNCTAD/WTO; United Nations Statistics Division. Source tables; United Nations Statistics Division. Source tables. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.

Citation

"Economy: Australia and Cook Islands compared", NationMaster. Retrieved from http://www.nationmaster.com/country-info/compare/Australia/Cook-Islands/Economy

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