Solomon Islands: Economy

Growth forecasts for Solomon Islands in both 2016 and 2017 are revised down by 0.3 percentage points from the forecasts published in March. This largely reflects a similar downward revision to the growth estimate for 2015, to 2.9%. Fiscal expansion and private investment will continue to augment domestic demand but at a slowing pace, while declining net exports will continue to weigh on growth. Read more from Asian Development Outlook 2016 Update

Economic forecasts for Pacific countries

Country 2016 2017
Cook Islands 4.2 4.0
Fiji 2.4 4.5
Kiribati 1.8 1.5
Marshall Islands 1.5 2.0
Micronesia, Federated States of 2.0 2.5
Nauru 3.0 15.0
Palau 2.0 5.0
Papua New Guinea 2.2 3.0
Samoa 5.0 2.0
Solomon Islands 2.7 2.5
Timor-Leste 5.0 5.5
Tonga 3.1 2.6
Tuvalu 3.0 3.0
Vanuatu 3.5 3.8
Average 2.7 3.5
Country 2016 2017
Cook Islands 0.7 2.0
Fiji 3.5 3.0
Kiribati 0.7 2.0
Marshall Islands -1.3 1.0
Micronesia, Federated States of -0.3 1.5
Nauru 6.6 1.7
Palau 1.5 2.5
Papua New Guinea 6.5 7.5
Samoa 0.1 2.0
Solomon Islands 3.3 4.5
Timor-Leste 1.2 3.0
Tonga 2.0 1.9
Tuvalu 2.0 2.0
Vanuatu 1.9 2.4
Average 4.7 5.5
Country 2016 2017
Cook Islands -7.0 -1.2
Fiji -7.0 -1.2
Kiribati -7.0 -2.6
Marshall Islands 10.0 8.9
Micronesia, Federated States of 3.8 2.0
Nauru ... ...
Palau -2.3 -1.3
Papua New Guinea 7.9 9.0
Samoa -3.9 -5.3
Solomon Islands -4.4 -6.1
Timor-Leste 36.1 10.2
Tonga -6.0 -7.6
Tuvalu -1.2 -18.7
Vanuatu -15.0 -13.5
Average 7.2 5.8

… = no data available.

Source: Asian Development Outlook 2016 Update

 

 
This page was generated from https://www.adb.org/countries/solomon-islands/economy on 28 September 2016