Statistical release: Niue Gross Domestic Product: 2019-2020
This release or report reflects some revisions to the Niue national accounts up to 2020 with the availability of more unaudited and audited government accounts and other administrative records.
National accounts are continuously revised as new data becomes available, as well as methods and classifications evolve, particularly in the light of the Systems of National Accounts 2008 (SNA 2008).
The estimate value of economic activity in the Niue economy in constant (real) prices has increased since last reported in 2018, from $27.9 million to 29.2 million in 2019. This equates to -1.7% annual movement.
The negative growth was noted at the end of the 2019 at the early stages of the COVID-19 pandemic. This effect was further compounded in 2020 when GDP was valued at $28.1 million, a decrease of 3.8%.
In two years with the impacts of COVID-19 felt by many countries in the world, the GDP of Niue has compounded contraction of 5.5%
This compilation was made possible with the PFTAC National Accounts Statistics mission conducted by Mr. Russell Freeman of which Statistics Niue is most grateful.
Figures at a glance:
Table 1: GDP and GDP per capita, 2014-2020*
Table 2: Levels of contributions to GDP by Industries, 2014-2020*
For more information contact the Niue Statistics Office