Small States

Economic Review and Basic Statistics, Volume 8

image of Small States

This is the eighth issue of this annual publication, which was previously published under the title 'Basic Statistical Data on Selected Countries (with populations of less than 5 million)'. As in the previous issue, the publication is in two parts. The first section provides a narrative focusing on the recent economic performance of Commonwealth small states. It also contains two feature articles on 'Small Vulnerable Economy Issues and the WTO' and 'Small Island States in the Face of Climatic Change: The End of the Line in International Environmental Responsibility'. The second part of the book provides social and economic data on small states. These are presented in 51 tables. In order to maintain the continuity of the series, the country coverage and country groupings based on income are the same as those used in previous issues of this publication.



Recent Economic Trends in Commonwealth Small States

The economic performance of Commonwealth small states is viewed in the domestic context as well as in relation to global developments which influence their performance. Revised data indicate that the global economy grew by 2.3 per cent in 2001 and 3 per cent in 2002, compared with a GDP growth rate of 4.7 per cent in 2000. The rate of global economic recovery was faster in the first half of 2002 but slowed in the late 2002 due to uncertainties surrounding the Iraq War and the fall-out from the equity market bubble.


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