Niue's economy is small, with a GDP of ANZC$17 million in 2009. Most economic activity revolves around the Government, as the Government was traditionally in charge of organizing and managing the affairs of the new country since 1974. However, since the economy has reached a stage where state regulation may now give way to the private sector, there is an ongoing effort to develop the private sector. Following Cyclone Heta, the Government made a major commitment toward rehabilitating and developing the private sector.The Government allocated $1 million for the private sector, which was spent on helping businesses devastated by the cyclone, and on the construction of the Fonuakula Industrial Park. This industrial park is now completed and some businesses are already operating from it. The Fo