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 2011-2019

This publication updates the previously published balance of payments statistics from 2011 to 2019.

 

Annual BOP Highlights 2019

  • Cook Islands trade deficit of $175.0m were offset by tourist revenue of $451.6m bringing the current account to a credit balance of $190.1m
  • The primary income credit of $35.3m is mainly made up of fishing licences and investment income associated with interest earned on deposits and debt securities held overseas. On the debit side, $53.5 million is mostly in the form of reinvested earnings, dividends of foreign owned enterprises and $12.7 million is mostly payment of Air New Zealand subsidy.
  • The secondary income credit recorded $53.9m mostly Official Development Assistance (ODA) of $30.5m and on the debit side it recorded $9.0m consisted of foreign workers’ remittances transferred to families abroad $4.2m followed by net insurance of $4.1m.
  • Capital account is mainly ODA financing infrastructure (capital) projects. The financial account shows $149.1 million in financial assets with $39.1 million in liabilities in 2019.

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

BOP Statistics Graph 2011 2019

 

pdfBOP_Statistics_Report_2011-2019 pdf 1162KB

xlsxBOP_Statistics_Tables_2011-2019 xlsx 84KB

 

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.