Vanuatu: Economy

Vanuatu’s economy has been buffeted by a series of negative shocks, including a tropical cyclone, severe El Niño conditions, and problems at the international airport. Cyclone reconstruction has suffered significant delays. Following a corruption scandal and snap elections, a new government was formed. Meanwhile, much needed infrastructure investment is getting under way, which should help improve Vanuatu’s appeal as a tourist destination. 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/vanuatu/economy on 30 June 2016