Marshall Islands: Economy

GDP growth in the Marshall Islands in FY2016 improved slightly to 1.5% from 0.6% in FY2015 with fisheries strengthening and the resumption of infrastructure projects connected with the Compact of Free Association with the United States. Stagnation persisted in the Republic of the Marshall Islands. Read more from Asian Development Outlook 2017


Economic forecasts for Pacific countries

Country 2017f 2018f
Cook Islands 5.0 5.0
Fiji 3.5 4.0
Kiribati 2.0 1.5
Marshall Islands 4.0 2.5
Micronesia, Federated States of 2.5 2.5
Nauru 4.3 –4.5
Palau 3.0 5.5
Papua New Guinea 2.5 2.8
Samoa 2.0 1.5
Solomon Islands 3.0 2.8
Timor-Leste 4.0 6.0
Tonga 2.6 2.6
Tuvalu 3.0 3.0
Vanuatu 4.3 3.8
Average 2.9 3.3
Country 2017f 2018f
Cook Islands 0.5 1.2
Fiji 2.5 2.5
Kiribati 2.0 2.0
Marshall Islands 1.5 1.5
Micronesia, Federated States of 1.5 2.0
Nauru 5.7 1.8
Palau 1.5 2.0
Papua New Guinea 7.5 7.5
Samoa 2.0 2.0
Solomon Islands 1.8 2.2
Timor-Leste 1.2 3.0
Tonga 2.5 2.5
Tuvalu 2.0 2.0
Vanuatu 2.4 2.6
Average 5.4 5.4
Country 2017f 2018f
Cook Islands 24.5 21.0
Fiji 3.5 3.0
Kiribati –2.4 –1.5
Marshall Islands 4.0 4.5
Micronesia, Federated States of 4.5 4.5
Nauru ... ...
Palau –12.5 –15.0
Papua New Guinea 7.7 6.7
Samoa –4.9 –2.8
Solomon Islands –8.3 –10.7
Timor-Leste –12.2 –40.2
Tonga –7.7 –11.9
Tuvalu –20.8 –25.4
Vanuatu –17.7 –15.0
Average 3.0 –0.5

… = no data available, f = forecast number.

Source: Asian Development Outlook 2017