Figure 2: Pacific economic growth is more volatile than fast
% change in real GDP, 2000–2017
0
2
4
6
8
10
0.5
2.7
Micronesia
1.3
4.6
Palau
1.5
1.8
Tonga
1.9
2.3
Fiji
1.9
2.5
Marshall Islands
2.0
4.8
Tuvalu
2.1
3.3
Kiribati
2.6
4.1
Cook Islands
2.6
3.6
Samoa
2.8
3.3
Vanuatu
2.8
6.9
Solomon Islands
4.0
4.5
PNG
5.2
8.3
Nauru
Average annual growth
Annual standard deviation
Source: Authors’ calculations; IMF; ADB