Economy - overview:
The bulk of the population depends on agriculture, fishing, and forestry for at least part of its livelihood. Most manufactured goods and petroleum products must be imported. The islands are rich in undeveloped mineral resources such as lead, zinc, nickel, and gold. Prior to the arrival of RAMSI, severe ethnic violence, the closing of key businesses, and an empty government treasury culminated in economic collapse. RAMSI's efforts to restore law and order and economic stability have led to modest growth as the economy rebuilds.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Exchange rates:
NOTE: The information regarding Solomon Islands on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Solomon Islands Economy 2011 information contained here. All suggestions for corrections of any errors about Solomon Islands Economy 2011 should be addressed to the CIA.
$1.559 billion (2010 est.)
country comparison to the world: 195
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$674 million (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
2.8% (2010 est.)
country comparison to the world: 131
[see also: GDP - real growth rate country ranks ]
$2,800 (2010 est.)
country comparison to the world: 172
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 42%
[see also: GDP - composition by sector - agriculture country ranks ]
industry:
11%
[see also: GDP - composition by sector - industry country ranks ]
services:
47% (2005 est.)
[see also: GDP - composition by sector - services country ranks ]
202,500 (2007)
country comparison to the world: 168
[see also: Labor force country ranks ]
agriculture: 75%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
5%
[see also: Labor force - by occupation - industry country ranks ]
services:
20% (2000 est.)
[see also: Labor force - by occupation - services country ranks ]
NA%
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $49.7 million
[see also: Budget - revenues country ranks ]
expenditures:
$75.1 million (2003)
[see also: Budget - expenditures country ranks ]
6.3% (2007 est.)
country comparison to the world: 167
[see also: Inflation rate (consumer prices) country ranks ]
15.26% (31 December 2009 est.)
country comparison to the world: 51
[see also: Commercial bank prime lending rate country ranks ]
$139.9 million (31 December 2009)
[see also: Stock of narrow money country ranks ]
$227.1 million (31 December 2009)
[see also: Stock of broad money country ranks ]
$221.9 million (31 December 2008 est.)
country comparison to the world: 174
[see also: Stock of domestic credit country ranks ]
cocoa beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit; timber; cattle, pigs; fish
fish (tuna), mining, timber
NA%
[see also: Industrial production growth rate country ranks ]
71 million kWh (2007 est.)
country comparison to the world: 196
[see also: Electricity - production country ranks ]
66.03 million kWh (2007 est.)
country comparison to the world: 196
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 130
[see also: Oil - production country ranks ]
2,000 bbl/day (2009 est.)
country comparison to the world: 186
[see also: Oil - consumption country ranks ]
0 bbl/day (2007 est.)
country comparison to the world: 174
[see also: Oil - exports country ranks ]
1,323 bbl/day (2007 est.)
country comparison to the world: 183
[see also: Oil - imports country ranks ]
0 bbl (1 January 2010 est.)
country comparison to the world: 120
[see also: Oil - proved reserves country ranks ]
0 cu m (2008 est.)
country comparison to the world: 128
[see also: Natural gas - production country ranks ]
0 cu m (2008 est.)
country comparison to the world: 178
[see also: Natural gas - consumption country ranks ]
0 cu m (2008 est.)
country comparison to the world: 123
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 131
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2010 est.)
country comparison to the world: 132
[see also: Natural gas - proved reserves country ranks ]
-$143 million (2007 est.)
country comparison to the world: 82
[see also: Current account balance country ranks ]
$237 million (2006)
country comparison to the world: 178
[see also: Exports country ranks ]
timber, fish, copra, palm oil, cocoa
China 54.07%, South Korea 6.19%, Philippines 6.04%, Spain 4.87% (2009)
$256 million (2006)
country comparison to the world: 198
[see also: Imports country ranks ]
food, plant and equipment, manufactured goods, fuels, chemicals
Singapore 24.69%, Australia 23.06%, NZ 5.2%, Fiji 4.47%, Papua New Guinea 4.34%, Malaysia 3.98% (2009)
$166 million (2004)
country comparison to the world: 177
[see also: Debt - external country ranks ]
Solomon Islands dollars (SBD) per US dollar - NA (2007), 7.3447 (2006), 7.5299 (2005), 7.4847 (2004), 7.5059 (2003)
This page was last modified 09-Feb-11