Macro - Country Economic Forecasts - Solomon Islands

Macro - Country Economic Forecasts - Solomon Islands

We have upgraded our GDP forecast for the Solomon Islands by 0.4ppts and expect 2.5% growth in 2023. We still predict the economy to benefit from the Pacific Games being hosted this month, which will provide a boost to the tourism sector and exports. Further GDP recovery will be supported by externally-financed infrastructure initiatives that started in 2022 and span to 2027. The announcement of these projects encouraged us to maintain our projections of growth in the short-to-medium term with 3.5% growth in 2024 and 3.3% growth in 2025.

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