Estimated economic growth in the Cook Islands in FY2017 was in line with the April forecast in the Asian Development Outlook 2017. This marked the sixth straight year of economic expansion in the country. The positive performance reflected a continued rise in visitor arrivals, which accelerated to 14.9% in FY2017 from 11.0% in FY2016 on large increases from the Americas, Asia, and New Zealand. Visitor arrivals are expected to continue growing in FY2018, as forecast earlier, and the projection for GDP growth is unchanged. Read more from Asian Development Outlook 2017 Update
Note: GDP growth rate forecasts for 2017 and 2018.