LONDON, Dec 5 (Reuters) - * Eighteen small islands are most susceptible to the physical effects of climate change, such as storms, floods and rising sea levels, according to research by Moody's Investors Service. * Under current global warming projections, the GDP levels of small islands could be 4 percent lower by 2030 compared to a world without climate change, the report said. * The 18 nations are Macao, St. Maarten, Bermuda, Cayman Islands, Maldives, Malta, St. Vincent and the Grenadines, Barbados, Singapore, Bahrain, Hong Kong, Mauritius, Trinidad & Tobago, Cyprus, Jamaica, the Bahamas, Fiji and Solomon Islands. * Fiji, Solomon Islands, St. Vincent and the Grenadines are most exposed and least resilient, due to their small economies, high dependency on agriculture and/or sea-based tourism, frequent natural disasters and low income levels, Moody's said. * Cyprus, Hong Kong, Macao, Singapore and Trinidad and Tobago are the least vulnerable, due to the smaller share of agriculture and tourism in economic activity. They also have more fiscal strength and are more developed economically. (Reporting by Nina Chestney)
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