Marshall Islands: Economy

The gross domestic product (GDP) in the Republic of the Marshall Islands (RMI) contracted due to an absence of public investment. Recovery in the near term hinges on the country’s ability to access capital grants to fund major infrastructure projects. Read more from Asian Development Outlook 2016

Economic forecasts for Pacific countries

Country 2016 2017
Cook Islands 0.0 0.2
Fiji 2.7 4.5
Kiribati 1.8 2.0
Marshall Islands 1.5 2.0
Micronesia, Federated States of 2.5 3.5
Nauru 3.0 15.0
Palau 3.0 7.0
Papua New Guinea 4.3 2.4
Samoa 2.0 0.5
Solomon Islands 3.0 2.8
Timor-Leste 4.5 5.5
Tonga 2.8 2.7
Tuvalu 3.5 3.0
Vanuatu 2.5 3.8
Average 3.8 3.1
Country 2016 2017
Cook Islands 1.8 2.0
Fiji 3.0 3.0
Kiribati 0.3 0.8
Marshall Islands 2.0 2.5
Micronesia, Federated States of -0.3 0.3
Nauru 6.6 1.7
Palau 1.5 2.5
Papua New Guinea 6.0 6.0
Samoa 2.0 2.0
Solomon Islands 4.4 5.7
Timor-Leste 2.0 3.0
Tonga -0.3 0.5
Tuvalu 3.5 2.0
Vanuatu 1.9 2.4
Average 4.5 4.7
Country 2016 2017
Cook Islands 37.3 41.3
Fiji -7.0 -4.4
Kiribati 15.0 -10.0
Marshall Islands 11.1 8.9
Micronesia, Federated States of 19.5 30.1
Nauru ... ...
Palau -2.3 -1.3
Papua New Guinea 3.8 7.2
Samoa -4.3 -5.1
Solomon Islands -5.9 -7.2
Timor-Leste 26.1 11.8
Tonga -1.9 -3.2
Tuvalu -21.4 -18.7
Vanuatu -15.0 -11.0
Average 4.1 4.8

… = no data available.

Source: Asian Development Outlook 2016

 

 
This page was generated from http://www.adb.org/countries/marshall-islands/economy on 30 July 2016