What states are commonwealth states9/27/2023 ![]() Such disasters make it harder for SIDS to allocate resources to sustainable development, and increases vulnerability to other climate impacts. With a high exposure to natural hazards, single disasters often have widespread and long-term effects for SIDS, eroding years of hard-won socio-economic gains in just a matter of hours. Damage caused by Hurricane Maria in 2017 in Dominica was estimated to be more than 225% of the country’s GDP. The industry declined in SIDS by 47% in the first four months of 2020. The case for more urgent international support is also highlighted by the collapse in the tourism industry, a key economic sector in many SIDS. By 2019, external debt accounted for 62% of GDP on average in SIDS, compared with 29% for all developing countries and economies in transition. Prior to the pandemic, SIDS were among the most indebted nations in the world. With a looming debt crisis driven by the COVID-19 pandemic on top of a raging climate emergency, the world’s small island developing States (SIDS) need urgent global support if they are to have any realistic chance of achieving the Sustainable Development Goals (SDGs) by 2030.
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