Small States

Economic Review and Basic Statistics, Volume 11

image of Small States
This unique annual collection of key economic and statistical data on the world’s small states – those with fewer than five million inhabitants – is an essential reference for economists, planners and policy makers. The book contains fifty-one tables covering selected economic and social indicators culled from international and national sources and presents information unavailable elsewhere. A detailed parallel commentary on trends in Commonwealth small states, looking at growth, employment, inflation and economic policy issues, permits a deeper understanding of developments behind the figures.

The book also includes two topical articles, on 'Culture as the Fourth Pillar of Sustainable Development' by Dr. Keith Nurse, Senior Lecturer, Institute of International Relations, University of the West Indies, Trinidad and Tobago, and 'Enhancing the Competitiveness of Small States', by Ms Monique Pollard, Economic Affairs Division, Commonwealth Secretariat.



Recent Economic Trends in Commonwealth Small States

This paper reviews the economic performance of Commonwealth small states during 2005 in the domestic context, as well as in relation to some of the global developments which influence their performance. International Monetary Fund (IMF) data indicate that the world economy grew by 4.9 per cent in 2005 compared with 5.3 per cent in 2004 and 4.1 per cent in 2003 (see Table 1.1). The 2005 growth rate reflects the momentum and resilience of the global economy in the face of higher oil prices and natural disasters.


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