Wednesday, 10 March 2010

Vital Statistics

GDP
(average growth for year to Sep 09)

-2.2%

CPI
(Sep 09 incr on Sep 08)

1.7%

Current account balance
(year to Sep 09, % of GDP)

-3.1%

Unemployment
(Sep 09)

6.5%

Employment
(Sep 09 change on Sep 08)

-1.8%


12 Nov 2009
Economic impact of Air New Zealand service Rarotonga – Los Angeles

Client: Cook Islands Tourism Corporation

Authors: David Norman Kel Sanderson, and Iain Munro

Date: October 2009

This project updated work we did last year on the economic benefit of the RAR-LAX air route on the Cook Island economy. The project shows the role the route has in attracting Northern Hemisphere visitors to the Cook Islands. It presents a picture of the current economic impact of these visitors, and also of the likely increase as visitor numbers rebound as the world economy picks up.

The LAX-RAR route brought nearly 15,000 Northern Hemisphere visitors to the Cook Islands, generating $12.8 million in GDP, and creating nearly 430 direct FTEs. Adding the indirect and induced impacts of these visitors, more than $23 million in GDP, and 770 FTEs were created. This is around eight percent of Cook Island GDP and 13 percent of employment.

BERL job#: 4826




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