Small States

Economic Review and Basic Statistics, Volume 12

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-four 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 the dynamics of growth and macroeconomic fluctuations of small states, by Dr Gordon Cordina of the University of Malta, and the crucial role of energy efficiency and renewable energy in small island developing states, by David Barrett.



Recent Economic Trends in Commonwealth Small States

This chapter examines the economic performance of Commonwealth small states in 2006. In the first section, the three key macroeconomic variables - gross domestic product (GDP), inflation and employment - are analysed to determine the trends in these variables and the factors that influenced their movement. The second section reviews the external performance of small states so as to gauge their economic relations with the rest of the world.


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