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    Solomon Islands Economy - 1990
    https://theodora.com/wfb1990/solomon_islands/solomon_islands_economy.html
    SOURCE: 1990 CIA WORLD FACTBOOK

      Overview: About 90% of the population depend on subsistence agriculture, fishing, and forestry for at least part of their livelihood. Agriculture, fishing, and forestry contribute about 75% to GDP, with the fishing and forestry sectors being important export earners. The service sector contributes about 25% to GDP. Manufacturing activity is negligible. Most manufactured goods and petroleum products must be imported. The islands are rich in undeveloped mineral resources such as lead, zinc, nickel, and gold. The economy suffered from a severe cyclone in mid-1986 which caused widespread damage to the infrastructure.

      GDP: $156 million, per capita $500; real growth rate 4.3% (1988)

      Inflation rate (consumer prices): 11.2% (1988)

      Unemployment rate: NA%

      Budget: revenues $139.0 million; expenditures $154.4 million, including capital expenditures of $113.4 million (1987)

      Exports: $80.1 million (f.o.b., 1988); commodities--fish 46%, timber 31%, copra 5%, palm oil 5%; partners--Japan 51%, UK 12%, Thailand 9%, Netherlands 8%, Australia 2%, US 2% (1985)

      Imports: $101.7 million (f.o.b., 1988); commodities--plant and machinery 30%, fuel 19%, food 16%; partners--Japan 36%, US 23%, Singapore 9%, UK 9%, NZ 9%, Australia 4%, Hong Kong 4%, China 3% (1985)

      External debt: $128 million (1988 est.)

      Industrial production: growth rate 0% (1987)

      Electricity: 15,000 kW capacity; 30 million kWh produced, 90 kWh per capita (1989)

      Industries: copra, fish (tuna)

      Agriculture: including fishing and forestry, accounts for about 75% of GDP; mostly subsistence farming; cash crops--cocoa, beans, coconuts, palm kernels, timber; other products--rice, potatoes, vegetables, fruit, cattle, pigs; not self-sufficient in food grains; 90% of the total fish catch of 44,500 metric tons was exported (1988)

      Aid: Western (non-US) countries, ODA and OOF bilateral commitments (1985), $16.1 million

      Currency: Solomon Islands dollar (plural--dollars); 1 Solomon Islands dollar (SI$) = 100 cents

      Exchange rates: Solomon Islands dollars (SI$) per US$1--2.4067 (January 1990), 2.3090 (1989), 2.0825 (1988), 2.0033 (1987), 1.7415 (1986), 1.4808 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding Solomon Islands on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Solomon Islands Economy 1990 information contained here. All suggestions for corrections of any errors about Solomon Islands Economy 1990 should be addressed to the CIA.

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    https://theodora.com/wfb1990/solomon_islands/solomon_islands_economy.html

    Revised 07-Feb-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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