tourism and construction, despite the influx of guest workers from the Philippines and other parts of Asia. While no labor force data are available, a measure of the average wage based on contributions to the Cook Islands Superannuation Fund ( Text Figure 2 ) suggest that wages have risen on average about 8 percent per year from 2015 to 2018. 5 Private investment in tourist housing may have increased capacity somewhat, but not sufficiently to ease constraints. Indeed, the government projects that the tourism industry reached maximum capacity in the high season of 2018
benefits, and employers’ contributions to the Cook Islands superannuation scheme. 20. GDP is measured in current and constant prices . GDP in current prices records the value of the output produced in the Cook Islands in current New Zealand dollar prices. Constant price GDP takes out the effects of price movements. Constant price GDP is reported in 2016 prices which means that current and constant price GDP are the same for 2016. 21. The Cook Islands’ economy has been growing steadily with current prices GDP increasing from NZ$ 316 million in 2006 to NZ$ 486 million