There is limited agriculture, producing coconuts, honey, yams, cassava and sweet potatoes. But weather is inclement and two-thirds of the land is unsuitable for cultivation. Some livestock is reared for local consumption.
Tourism is worth about US$1 million annually, but there is still a budgetary shortfall. This is largely made up for by aid from New Zealand. Niue began developing an offshore financial services industry in the 1990s, but the International Banking Repeal Act of 2002 terminated all offshore banking licences. The island suffers an ongoing population drain as its educated youth leaves in search of work abroad.
Economic growth was reported as 6.2% in 2003. Inflation was 4% in 2005 and unemployment was 12% in 2001.
Matavai Resort conference rooms can seat 50 to 60 people or 120 theatre-style.