Kiribati has enjoyed several consecutive years of economic growth, which averaged 2.9% from 2011 to 2015. The forecast for 2017 remains unchanged, with growth spurred largely by continuing investments in airports, roads, solid waste management, and sanitation financed by development partners. However, recent developments suggest that growth in 2018 will be higher than projected in the Asian Development Outlook 2017. In August, Solomon Airlines commenced flights linking Kiribati’s capital, Tarawa, to Brisbane via Honiara in Solomon Islands under its recent agreement with Air Kiribati. Further, a new $50 million water supply project in South Tarawa and a $30 million infrastructure development project to upgrade roads, marine landings, and airfields on outer islands are expected to start in the next few months. Read more from Asian Development Outlook 2017 Update
Note: GDP growth rate forecasts for 2017 and 2018.