(contenu disponible en anglais uniquement)
What do the statistics tell us about the impacts of the COVID-19 on PICT economies
A new paper by SPC Statistics Advisor-Strategic Planning Monitoring Analysis, Elizabeth Ragimana and SPC Data Analysis and Dissemination Manager, David Abbott reveals how almost eighteen months on since the onset of the COVID-19 pandemic worldwide, Pacific economies are still grappling with its impact.
The paper shows that the near total collapse of tourism in the region, a key pillar of economic development for many PICTs, has led to increasing job losses, public and private sector debts and a significant reduction in government tax revenues over the period.
Samoa, Vanuatu, and the Solomon Islands each saw a 100% fall in arrival numbers against the March quarter of 2020. While Fiji (97.0%), Cook Islands (98.0%), French Polynesia (87.0%) and Guam (96.2%), were not far behind, see Figure 1.