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PTI PACIFIC BUSINESS MONITOR
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PTI PACIFIC BUSINESS MONITOR REPORT 14 - MAY 2021
The COVID-19 outbreak has caused a global health emergency and an economic slowdown impacting millions of small and medium-sized enterprises (SMEs) around the world, including the Pacific region. To understand the ongoing impact on the Pacific’s private sector, Pacific Trade Invest (PTI) commissioned Fifth Quadrant, an independent research agency, to run a regular survey to understand the ongoing effects of COVID-19 on businesses in the Pacific.
The fourteenth PTI Pacific Business Monitor reports the timeframe for when Pacific businesses expect to return to pre-COVID revenue levels has extended dramatically, with only 12% confident of returning to pre-COVID revenue in 2021 and 50% expecting it in 2022 or later.
Key Insights from Pacific Business Monitor Report 14, May 2021:
- The extent and severity of COVID-19 on Pacific businesses has remained stable, with 84% reporting a negative impact, which is consistent with last wave.
- 88% of businesses reported a decline in revenue due to COVID-19 (up from 85% last wave).
- 69% are confident that their business will survive the COVID-19 crisis, (up from 58% last wave).
- The top three challenges facing businesses are:
» Impact of closed international borders (91%)
» Poor cashflow (91%)
» Not knowing how long the crisis will last (89%)
This wave includes a country specific report for the top Pacific country we received responses from in May 2021, Niue.
View and download the reports below.
PTI Pacific Business Monitor Report 14
Download PTI Pacific Business Report 14 to understand how COVID-19 is impacting businesses across the Blue Pacific in May 2021.
PTI Pacific Business Monitor Report 14 - Niue Focus
Download PTI Pacific Business Report 14 - Niue Focus to understand how COVID-19 is impacting businesses in Niue in May 2021.
PTI PACIFIC BUSINESS MONITOR 2020 REPORTS
The results of Pacific Trade Invest (PTI) Pacific Business Monitor 2020 Reports have been published. The 2020 report aggregates the results of nine surveys conducted in 2020, providing insight into the impact COVID-19 had on the Pacific's private sector in 2020.
Nine country focussed reports are also available, compiling data from the top nine Pacific countries we received responses from in 2020, highlighting the nuances COVID-19 is having on the private sector in different Pacific countries.
View and download the reports below.
PTI Pacific Business Monitor 2020 Report
Download the PTI Pacific Business 2020 Report to understand how COVID-19 impacted businesses across the Blue Pacific in 2020.
PTI Pacific Business Monitor 2020 Country Focus Reports
Download the PTI Pacific Business 2020 Country Focus Reports to understand how COVID-19 impacted businesses across different Pacific countries in 2020.
Cook Islands Focus 2020 Report
New Caledonia Focus 2020 Report
Papua New Guinea Focus 2020 Report
