Sustainable Development Goal 8

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

SDG 8 - Decent Work and Economic Growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

The Government of the FSM has prioritized nine indicators relating to real GDP per capita, hourly earnings, unemployment, child labor, and youth not in employment, training or education, contribution of tourism to GDP and to jobs, commercial bank coverage and access to financial services. These indicators have reasonably good coverage with some of the indicators published in the annual Economic & Fiscal Update or by the NSO on its website. However, for other indicators, although data may be available, it will need to be extracted from administrative or survey records and the indicator calculated.

Target 8.1

Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries

Indicator 8.1.1: Annual growth rate of real GDP per capita

Metadata for indicator 8.1.1 can be downloaded here

Target 8.2

Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors

Indicator 8.2.1 :Annual growth rate of real GDP per employed person

Metadata for indicator 8.2.1 can be downloaded here

Target 8.3

Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services

Indicator 8.3.1: Proportion of informal employment in non‑agriculture employment, by sex

Metadata for indicator 8.3.1 can be downloaded here

Target 8.4

Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-Year Framework of Programmes on Sustainable Consumption and Production, with developed countries taking the lead

Indicator 8.4.1: Material footprint, material footprint per capita, and material footprint per GDP

Metadata for indicator 8.4.1 can be downloaded here

Indicator 8.4.2: Domestic material consumption, domestic material consumption per capita, and domestic material consumption per GDP

Metadata for indicator 8.4.2 can be downloaded here

Target 8.5

By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value

Indicator 8.5.1: Average hourly earnings of female and male employees, by occupation, age and persons with disabilities

Metadata for indicator 8.5.1 can be downloaded here

Indicator 8.5.2: Unemployment rate, by sex, age and persons with disabilities

Metadata for indicator 8.5.2 can be downloaded here

Target 8.6

By 2020, substantially reduce the proportion of youth not in employment, education or training

Indicator 8.6.1: Proportion of youth (aged 15-24 years) not in education, employment or training

Metadata for indicator 8.6.1 can be downloaded here

Target 8.7

Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms

Indicator 8.7.1: Proportion and number of children aged 5‑17 years engaged in child labour, by sex and age

Target 8.8

Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment

Indicator 8.8.1: Frequency rates of fatal and non-fatal occupational injuries, by sex and migrant status

Metadata for indicator 8.8.1 can be downloaded here

Indicator 8.8.2: Level of national compliance of labour rights (freedom of association and collective bargaining) based on International Labour Organization (ILO) textual sources and national legislation, by sex and migrant status

Metadata for indicator 8.8.2 can be downloaded here

Target 8.9

By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products

Indicator 8.9.1: Tourism direct GDP as a proportion of total GDP and in growth rate

Metadata for indicator 8.9.1 can be downloaded here

Indicator 8.9.2: Proportion of jobs in sustainable tourism industries out of total tourism jobs

Target 8.10

Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

Indicator 8.10.1: (a) Number of commercial bank branches per 100,000 adults and (b) number of automated teller machines (ATMs) per 100,000 adults

Metadata for indicator 8.10.1 can be downloaded here

Indicator 8.10.2: Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile-money-service provider

Metadata for indicator 8.10.2 can be downloaded here

Target 8.A

Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-related Technical Assistance to Least Developed Countries

Indicator 8.A.1: Aid for Trade commitments and disbursements

Metadata for indicator 8.A.1 can be downloaded here

Target 8.B

By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization

Indicator 8.B.1: Existence of a developed and operationalized national strategy for youth employment, as a distinct strategy or as part of a national employment strategy

Metadata for indicator 8.B.1 can be downloaded here

Goal 8 Assessment

The Government of the FSM has prioritized nine indicators relating to real GDP per capita, hourly earnings, unemployment, child labor, and youth not in employment, training or education, contribution of tourism to GDP and to jobs, commercial bank coverage and access to financial services. These indicators have reasonably good coverage with some of the indicators published in the annual Economic & Fiscal Update or by the NSO on its website. However, for other indicators, although data may be available, it will need to be extracted from administrative or survey records and the indicator calculated.

  • 8.1.1: Annual growth rate of real GDP per capita The data for this indicator is published annually by NSO. Given that the population projections rely on the migration statistics, the internal migration authority system should be able to track statistics on out migration for FSM. Double counting for out migration through Guam. The migration rates should also be computed
  • 8.5.1: Average hourly earnings of female and male employees, by occupation, age and persons with disabilities Statistics
  • 8.5.2: Unemployment rate, by sex, age and persons with disabilities HIES has information by age, sex and by disability.
  • 8.6.1: Proportion of youth (aged 15-24 years) not in education, employment or training Relies on quality population estimates, and these need to be developed with SPC
  • 8.7.1: Proportion and number of children aged 5-17 years engaged in child labour, by sex and age
  • 8.9.1: Tourism direct GDP as a proportion of total GDP and in growth rate FSM does not have a Tourism Satellite Account and as a proxy would use Hotels & Restaurants GDP. This is compiled annually from administrative data from Social security and DOFA
  • 8.9.2: Number of jobs in tourism industries as a proportion of total jobs and growth rate of jobs, by sex FSM compiles data for total employment and not the number of jobs. Proxy is Hotels & Restaurants employment numbers. This is compiled annually from administrative data from Social security and DOFA
  • 8.10.1: Number of commercial bank branches and automated teller machines (ATMs) per 100,000 adults FSM has 8 commercial bank branches per 59,000 adults and nine ATMs per 59,000 adults as at 2015.Diaggregated by state; four ATMs in Pohnpei, two in Chuuk, two in Yap and one in Kosrae. The NSO provides the population data and the banking board compiles the banking data annually. There are 13.5 banks per 100,000 adults and 15.2 ATMs per 100,000 adults in the FSM
  • 8.10.2: Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile-money-service provider Information on personal bank accounts is available, but will need to be collected from banks by the government (banking board). The indicator is not currently being computed.
Progress on Goal 8
  • The FSM economy continues to grow. Real GDP is estimated to have grown by 3 percent in 2016[ IMF Country Report No. 17/280].
  • There has been a decline in unemployment in the FSM. While unemployment was higher among the female, there was marked decline in the FSM although this was not uniform in the states. According to 2005-2009, Unemployment rate in the FSM declined from 22 percent to 16 percent; similarly Chuuk and Kosrae experienced a decline while Pohnpei and Yap experienced an increase in unemployment. By sex, the increase in unemployment doubled for the female in Pohnpei while in Yap the increase was the same for both. There is no disaggregation by age and disability
  • Number of commercial bank branches and automated teller machines (ATMs) per 100,000 adults increased. In 2015, a total of 8branches were recorded compared to only 6 in 2005 FSM has 8 commercial bank branches per 59,000 adults and nine ATMs per 59,000 adults as at 2015.Diaggregated by state; four ATMs in Pohnpei, two in Chuuk, two in Yap and one in Kosrae. The NSO provides the population data and the banking board compiles the banking data annually. There are 13.5 banks per 100,000 adults and 15.2 ATMs per 100,000 adults.
  • Proportion of adults (15 years and older) with an account at a bank or other financial institution or a mobile money service provider increased from 29, 177in 2005 to 35,222 in 2015.
  • Annual growth rate of real GDP per employed person
  • Tourism direct GDP as a proportion of total GDP and in growth rate
  • Number of jobs in tourism industries as a proportion of total jobs and growth rate of jobs, by sex
  • Tourism is being calculated with using Hotels and Restaurant as the proxy
  • wdt_ID Year Tourism GDP GDP Percent of GDP Growth Rate
    1 2,013 3.85 235.93 1.63% 0.4%
    2 2,014 3.70 230.68 1.60% -1.7%
    3 2,015 4.03 242.10 1.66% 3.7%
    4 2,016 4.09 243.84 1.68% 0.8%
    5 2,017 4.34 249.57 1.74% 3.6%
GOAL 8BaselineTrend201620172018201920202021202220232024202520262027202820292030
TARGETSINDICATORS2005-20092010-2015
8.18.1.1 Annual growth rate of real GDP per capitaFSM0.30.6 n.a.n.a.n.a.
YAP0.80.1 n.a.n.a.n.a.
CHUUK-1.3-0.1 n.a.n.a.n.a.
POHNPEI0.60.7 n.a.n.a.n.a.
KOSRAE1.01.2 n.a.n.a.n.a.
8.2 8.2.1 Annual growth rate of real GDP per employed personFSM-1.30.1 n.a.n.a.n.a.
YAP-6.0-1.1 n.a.n.a.n.a.
CHUUK-5.1-1.9 n.a.n.a.n.a.
POHNPEI-3.8-2 n.a.n.a.n.a.
KOSRAE-4.5-1.1 n.a.n.a.n.a.
8.58.5.1 Average hourly earnings of female and male employees, by occupation, age and persons with disabilities FSMn.a.n.a.-n.a.n.a.n.a.
YAPn.a.n.a.-n.a.n.a.n.a.
CHUUKn.a.n.a.-n.a.n.a.n.a.
POHNPEIn.a.n.a.-n.a.n.a.n.a.
KOSRAEn.a.n.a.-n.a.n.a.n.a.
8.5.1 Average hourly earnings of male employees, by occupation, age and persons with disabilities FSMn.a.n.a.-n.a.n.a.n.a.
YAPn.a.n.a.-n.a.n.a.n.a.
CHUUKn.a.n.a.-n.a.n.a.n.a.
POHNPEIn.a.n.a.-n.a.n.a.n.a.
KOSRAEn.a.n.a.-n.a.n.a.n.a.
8.5.1 Average hourly earnings of female employees, by occupation, age and persons with disabilities FSMn.a.n.a.-n.a.n.a.n.a.
YAPn.a.n.a.-n.a.n.a.n.a.
CHUUKn.a.n.a.-n.a.n.a.n.a.
POHNPEIn.a.n.a.-n.a.n.a.n.a.
KOSRAEn.a.n.a.-n.a.n.a.n.a.
8.58.5.2 Unemployment rate, by sex, age and persons with disabilitiesFSM22162 n.a.n.a.n.a.
YAP46 n.a.n.a.n.a.
CHUUK3424.2 n.a.n.a.n.a.
POHNPEI1323 n.a.n.a.n.a.
KOSRAE179 n.a.n.a.n.a.
Unemployment rate, by sex, age and persons with disabilities in Male FSM20.715.5 n.a.n.a.n.a.
YAP6.07.4 n.a.n.a.n.a.
CHUUK31.023.7 n.a.n.a.n.a.
POHNPEI13.020.7 n.a.n.a.n.a.
KOSRAE14.07.6 n.a.n.a.n.a.
Unemployment rate, by sex, age and persons with disabilities in Female FSM23.817 n.a.n.a.n.a.
YAP3.04.6 n.a.n.a.n.a.
CHUUK39.026 n.a.n.a.n.a.
POHNPEI13.026.3 n.a.n.a.n.a.
KOSRAE21.011 n.a.n.a.n.a.
8.68.6.1 Proportion of youth (aged 15–24 years) not in education, employment or training FSMn.a.n.a.-n.a.n.a.n.a.
YAPn.a.n.a.-n.a.n.a.n.a.
CHUUKn.a.n.a.-n.a.n.a.n.a.
POHNPEIn.a.n.a.-n.a.n.a.n.a.
KOSRAEn.a.n.a.-n.a.n.a.n.a.
8.88.8.1 Frequency rates of fatal and non-fatal occupational injuries, by sex and migrant statusFSMn.a.n.a.-n.a.n.a.n.a.
YAPn.a.n.a.-n.a.n.a.n.a.
CHUUKn.a.n.a.-n.a.n.a.n.a.
POHNPEIn.a.n.a.-n.a.n.a.n.a.
KOSRAEn.a.n.a.-n.a.n.a.n.a.
8.98.9.1 Tourism direct GDP as a proportion of total GDP and in growth rateFSMn.a.n.a.-n.a.n.a.n.a.
YAPn.a.n.a.-n.a.n.a.n.a.
CHUUKn.a.n.a.-n.a.n.a.n.a.
POHNPEIn.a.n.a.-n.a.n.a.n.a.
KOSRAEn.a.n.a.-n.a.n.a.n.a.
Proportion of total GDP FSM2.01.8 n.a.n.a.n.a.
YAP3.32.7 n.a.n.a.n.a.
CHUUK1.61.5 n.a.n.a.n.a.
POHNPEI1.71.5 n.a.n.a.n.a.
KOSRAE1.61.6 n.a.n.a.n.a.
Average growth rate FSM-4.00.5 n.a.n.a.n.a.
YAP-5.0-2.5 n.a.n.a.n.a.
CHUUK-4.30.9 n.a.n.a.n.a.
POHNPEI-2.62.2 n.a.n.a.n.a.
KOSRAE-4.62.4 n.a.n.a.n.a.
8.98.9.2 Proportion of jobs in sustainable tourism industries out of total tourism jobsFSMn.a.n.a.-n.a.n.a.n.a.
YAPn.a.n.a.-n.a.n.a.n.a.
CHUUKn.a.n.a.-n.a.n.a.n.a.
POHNPEIn.a.n.a.-n.a.n.a.n.a.
KOSRAEn.a.n.a.-n.a.n.a.n.a.
Proportion of total formal employmentFSM5.44.7 n.a.n.a.n.a.
YAP9.17.7 n.a.n.a.n.a.
CHUUK5.74.9 n.a.n.a.n.a.
POHNPEI4.24.2 n.a.n.a.n.a.
KOSRAE3.63.5 n.a.n.a.n.a.
Average growth rateFSM-1.0-1 n.a.n.a.n.a.
YAP-2.9-5.1n.a.n.a.n.a.
CHUUK-1.5-0.7n.a.n.a.n.a.
POHNPEI2.11.6n.a.n.a.n.a.
KOSRAE-3.4-1.3n.a.n.a.n.a.
8.108.10.1 (a) Number of commercial bank branches per 100,000 adults and (b) number of automated teller machines (ATMs) per 100,000 adultsFSM6 Branches & 2 ATMs8 Branches & 9 ATMs-n.a.n.a.n.a.
YAPBFSMBOG & BFSM-n.a.n.a.n.a.
CHUUKBOG & BFSMBOG & BFSM-n.a.n.a.n.a.
POHNPEIBOG & BFSMBOG & BFSM-n.a.n.a.n.a.
KOSRAEBFSMBOG & BFSM-n.a.n.a.n.a.
8.108.10.2 Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile-money-service provider FSM2917735222n.a.n.a.n.a.
YAPn.a.n.a.-n.a.n.a.n.a.
CHUUKn.a.n.a.-n.a.n.a.n.a.
POHNPEIn.a.n.a.-n.a.n.a.n.a.
KOSRAEn.a.n.a.-n.a.n.a.n.a.