Solomon Islands: Economy

Economic growth in Solomon Islands has recovered following severe floods in 2014, but longer run prospects for sustaining growth remain uncertain. Exports have been weak, and logging and development assistance are expected to decline over the medium term. The government hopes to use fiscal policy to drive economic growth. Continuing to safeguard macroeconomic stability while ensuring that increased spending is directed to areas that promote sustainable growth will be critical. 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/solomon-islands/economy on 01 July 2016