Pacific Economic Outlook

Pacific economies are actively diversifying away from a reliance on tourism and remittances by leveraging infrastructure investment and development partner support. While growth is currently varied, capacity expansions in tourism and energy are expected to drive stronger GDP toward the end of the decade.

Key Takeaways

• 1.Pacific economies are prioritizing a transition to mixed economies to reduce heavy reliance on international tourism and remittances.
• 2.Infrastructure investment supported by development partners is the primary driver for GDP and employment growth across the region.
• 3.Regional growth is expected to strengthen toward the end of the decade as emerging industries like commercial agriculture and expanded tourism capacity come online.

Table of Contents

• Smaller Pacific economies chasing stronger and longer-lasting growth
• Cook Islands: how many visitors can it accommodate
• Kiribati gets an infrastructure upgrade
• Samoa lost some momentum but is expected to pick up
• Solomon Islands: infrastructure investment to unlock economic potential
• Timor-Leste aiming high
• Tonga's focus on renewables
• Vanuatu aims for a 'hard' reset to secure future
• Fiji is investing to boost productive capacity

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