Vanuatu: Economy | Asian Development Bank

Vanuatu: Economy

The economy is now expected to expand in 2017 slightly more than forecast in the Asian Development Outlook 2017. The upgrade mainly reflects higher investments for reconstruction after Cyclone Pam, which struck in March 2015, and new projects funded by development partners and private businesses. In addition, the forecast for growth in 2018 is also adjusted upward as the completion of several projects was delayed. Read more from Asian Development Outlook 2017 Update


Economic forecasts for Pacific countries

Country 2017f 2018f
Cook Islands 5.0 5.0
Fiji 3.6 3.9
Kiribati 2.0 2.3
Marshall Islands 4.0 2.5
Micronesia, Federated States of 2.0 2.0
Nauru 4.0 –4.0
Palau 0.5 3.5
Papua New Guinea 2.5 2.8
Samoa 3.0 1.0
Solomon Islands 3.0 3.0
Timor-Leste 4.0 6.0
Tonga 2.8 3.5
Tuvalu 3.2 3.0
Vanuatu 4.5 4.0
Average 2.9 3.2
Country 2017f 2018f
Cook Islands –0.1 0.5
Fiji 3.5 2.5
Kiribati 2.0 2.0
Marshall Islands 0.5 1.0
Micronesia, Federated States of 1.5 2.0
Nauru 6.0 2.0
Palau 1.5 2.0
Papua New Guinea 7.5 7.5
Samoa 1.4 2.0
Solomon Islands 0.5 1.0
Timor-Leste 1.2 3.0
Tonga 2.5 2.5
Tuvalu 2.9 2.5
Vanuatu 2.8 3.3
Average 5.3 5.3
Country 2017f 2018f
Cook Islands 27.6 28.7
Fiji –4.2 –3.6
Kiribati –2.4 –3.0
Marshall Islands 5.0 7.0
Micronesia, Federated States of 4.5 4.5
Nauru 0.5 –1.8
Palau –12.0 –14.0
Papua New Guinea 7.7 6.7
Samoa –2.9 –4.2
Solomon Islands –6.0 –9.0
Timor-Leste –5.9 –36.4
Tonga –7.7 –10.0
Tuvalu –20.2 –24.4
Vanuatu –10.0 –9.5
Average 2.8 –0.8

f = forecast number.

Source: Asian Development Outlook 2017 Update