Gross Domestic Product March Quarter 2020

In the June 2020 quarter compared to March 2020 quarter:

In the March 2020 quarter compared to December 2019 quarter:

• Cook Islands economy – down 9.5 percent
• service industries – down 11.7 percent but still remain the highest contributor of 83.7 percent
• primary industries – down 2.1 percent
• goods-producing industries – down 4.2 percent
• annual GDP growth in the year to March – up 12.9 percent.
• CurrentGDP for March Quarter 2020 totalled $138.9 million compared to $153.4 million in December 2019
• In real prices March quarter 2020 recorded a value of $119.9 millioncompared to $138.0 million in December 2019.