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 The Regional Assistance Mission to the Solomon Islands (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 of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Fiscal year: Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Current account balance: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Exchange rates:
NOTE: 1) The information regarding Solomon Islands on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Solomon Islands Economy 2014 information contained here. All suggestions for corrections of any errors about Solomon Islands Economy 2014 should be addressed to the CIA.
$1.858 billion (2012 est.)
country comparison to the world: 194
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$983.5 million (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
4.8% (2012 est.)
country comparison to the world: 73
[see also: GDP - real growth rate country ranks ]
$3,300 (2012 est.)
country comparison to the world: 174
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 51.8%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
9.2%
services:
39% (2012 est.)
cocoa, coconuts, palm kernels, rice, potatoes, vegetables, fruit; cattle, pigs; fish; timber
fish (tuna), mining, timber
NA%
[see also: Industrial production growth rate country ranks ]
202,500 (2007)
country comparison to the world: 170
[see also: Labor force country ranks ]
agriculture: 75%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
5%
services:
20% (2000 est.)
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%
revenues: $411.1 million
[see also: Budget revenues country ranks ]
expenditures:
$391.6 million (2012 est.)
41.8% of GDP (2012 est.)
country comparison to the world: 35
[see also: Taxes and other revenues country ranks ]
2% of GDP (2012 est.)
country comparison to the world: 25
[see also: Budget surplus (+) or deficit (-) country ranks ]
calendar year
2.6% (2012 est.)
country comparison to the world: 73
[see also: Inflation rate (consumer prices) country ranks ]
11.28% (31 December 2012 est.)
country comparison to the world: 64
[see also: Commercial bank prime lending rate country ranks ]
$326.3 million (31 December 2012 est.)
country comparison to the world: 168
[see also: Stock of narrow money country ranks ]
$386.4 million (31 December 2012 est.)
country comparison to the world: 183
[see also: Stock of broad money country ranks ]
$37.73 million (31 December 2012 est.)
country comparison to the world: 178
[see also: Stock of domestic credit country ranks ]
$-1.2 million (2012 est.)
country comparison to the world: 58
[see also: Current account balance country ranks ]
[see also: Exports country ranks ]
timber, fish, copra, palm oil, cocoa
China 50.8%, Australia 17.5% (2012)
$446 million (2012 est.)
country comparison to the world: 192
[see also: Imports country ranks ]
food, plant and equipment, manufactured goods, fuels, chemicals
Singapore 27.2%, Australia 25.7%, China 7.1%, NZ 4.9%, Malaysia 4.8% (2012)
$255.5 million (31 December 2011 est.)
country comparison to the world: 185
[see also: Debt - external country ranks ]
Solomon Islands dollars (SBD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 06-Nov-14