Solomon Islands: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands
IMF Staff Country Reports, March 5, 2018
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- Solomon Islands: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands
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Bibliographic details
- Published: March 5, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484344583.002
Economic performance and outlook
- Economy grew by 3.5 percent in 2016, driven by a peak in the forestry sector.
- Growth remained solid in 2017.
- Growth is projected at 3.0 for 2018, buoyed by infrastructure spending, fisheries and agriculture, although logging production is slowing down.
Inflation, external sector, and reserves
- Inflation is contained at an annual rate of just 1.6 percent in October 2017.
- The current account deficit has widened a little.
- International reserves levels are comfortable.
Fiscal position and risks
- The fiscal deficit is expected to have reached 4.0 percent of GDP in 2017 and to widen further in 2018.
- Risks to the economy are on the downside, with the weakening fiscal position heightening vulnerability to shocks.
Thematic coverage and keywords
- Subject areas: Environment; Expenditure; External debt; Natural disasters; Public debt; Public financial management (PFM).
- Keywords include: Asia and Pacific; Australia and New Zealand; basket peg exchange rate regime; center; CR; debt; Global; government; government finances; ISCR; Natural disasters; Pacific Islands; private sector; Solomon Islands economy; Solomon Islands government economic reform priority.
Source: Solomon Islands: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Solomon Islands (IMF Staff Country Reports, March 5, 2018).
Content in this bundle
- Country Report