Growth and transformation process in the Pacific island economies

The available statistical data suggest that the pace of economic expansion in most of the Pacific island subregion during the past two decades or so has been rather modest, with a general decline in the standard of living in a large part of the subregion being witnessed in the 1980s. Growth has been accompanied by considerable fluctuations, particularly in several large island countries where strong expansion in domestic production in the first half of the 1970s was followed by much lower growth rates on the average during the early 1980s, and then by some recovery more recently. With few exceptions, domestic output in the small islands and atolls has tended to stagnate or increased only marginally.

Related Subject(s): Economic and Social Development
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