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.
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
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
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
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
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
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
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
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
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
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
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
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
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.
- The FSM economy continues to grow. Real GDP is estimated to have grown by 3 percent in 2016[ IMF Country Report No. 17/280].
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- 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
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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 8 | Baseline | Trend | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | |||||
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TARGETS | INDICATORS | 2005-2009 | 2010-2015 | |||||||||||||||||||
8.1 | 8.1.1 Annual growth rate of real GDP per capita | FSM | 0.3 | 0.6 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||
YAP | 0.8 | 0.1 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | -1.3 | -0.1 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | 0.6 | 0.7 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | 1.0 | 1.2 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
8.2 | 8.2.1 Annual growth rate of real GDP per employed person | FSM | -1.3 | 0.1 | ![]() | 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. | ||||||||||||||||
8.5 | 8.5.1 Average hourly earnings of female and male employees, by occupation, age and persons with disabilities | FSM | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||
YAP | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | n.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 | FSM | n.a. | n.a. | - | n.a. | n.a. | n.a. | |||||||||||||||
YAP | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | n.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 | FSM | n.a. | n.a. | - | n.a. | n.a. | n.a. | |||||||||||||||
YAP | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
8.5 | 8.5.2 Unemployment rate, by sex, age and persons with disabilities | FSM | 22 | 162 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||
YAP | 4 | 6 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | 34 | 24.2 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | 13 | 23 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | 17 | 9 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
Unemployment rate, by sex, age and persons with disabilities in Male | FSM | 20.7 | 15.5 | ![]() | n.a. | n.a. | n.a. | |||||||||||||||
YAP | 6.0 | 7.4 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | 31.0 | 23.7 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | 13.0 | 20.7 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | 14.0 | 7.6 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
Unemployment rate, by sex, age and persons with disabilities in Female | FSM | 23.8 | 17 | ![]() | n.a. | n.a. | n.a. | |||||||||||||||
YAP | 3.0 | 4.6 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | 39.0 | 26 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | 13.0 | 26.3 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | 21.0 | 11 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
8.6 | 8.6.1 Proportion of youth (aged 15–24 years) not in education, employment or training | FSM | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||
YAP | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
8.8 | 8.8.1 Frequency rates of fatal and non-fatal occupational injuries, by sex and migrant status | FSM | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||
YAP | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
8.9 | 8.9.1 Tourism direct GDP as a proportion of total GDP and in growth rate | FSM | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||
YAP | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
Proportion of total GDP | FSM | 2.0 | 1.8 | ![]() | n.a. | n.a. | n.a. | |||||||||||||||
YAP | 3.3 | 2.7 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | 1.6 | 1.5 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | 1.7 | 1.5 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | 1.6 | 1.6 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
Average growth rate | FSM | -4.0 | 0.5 | ![]() | n.a. | n.a. | n.a. | |||||||||||||||
YAP | -5.0 | -2.5 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | -4.3 | 0.9 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | -2.6 | 2.2 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | -4.6 | 2.4 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
8.9 | 8.9.2 Proportion of jobs in sustainable tourism industries out of total tourism jobs | FSM | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||
YAP | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
Proportion of total formal employment | FSM | 5.4 | 4.7 | ![]() | n.a. | n.a. | n.a. | |||||||||||||||
YAP | 9.1 | 7.7 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | 5.7 | 4.9 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | 4.2 | 4.2 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | 3.6 | 3.5 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
Average growth rate | FSM | -1.0 | -1 | ![]() | n.a. | n.a. | n.a. | |||||||||||||||
YAP | -2.9 | -5.1 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | -1.5 | -0.7 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | 2.1 | 1.6 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | -3.4 | -1.3 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||||
8.10 | 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 | FSM | 6 Branches & 2 ATMs | 8 Branches & 9 ATMs | - | n.a. | n.a. | n.a. | ||||||||||||||
YAP | BFSM | BOG & BFSM | - | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | BOG & BFSM | BOG & BFSM | - | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | BOG & BFSM | BOG & BFSM | - | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | BFSM | BOG & BFSM | - | n.a. | n.a. | n.a. | ||||||||||||||||
8.10 | 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 | FSM | 29177 | 35222 | ![]() | n.a. | n.a. | n.a. | ||||||||||||||
YAP | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
CHUUK | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
POHNPEI | n.a. | n.a. | - | n.a. | n.a. | n.a. | ||||||||||||||||
KOSRAE | n.a. | n.a. | - | n.a. | n.a. | n.a. |