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: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Exchange rates:
$1.958 billion (2013 est.)
country comparison to the world: 194
$1.883 billion (2012 est.)
$1.798 billion (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP country ranks ]
$1.099 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]
4% (2013 est.)
country comparison to the world: 80
4.8% (2012 est.)
10.7% (2011 est.)
[see also: GDP - real growth rate country ranks ]
$3,400 (2013 est.)
country comparison to the world: 175
$3,300 (2012 est.)
$3,300 (2011 est.)
note:
data are in 2013 US dollars
[see also: GDP - per capita country ranks ]
agriculture:
50%
industry:
10.6%
services:
39.4% (2013 est.)
cocoa, coconuts, palm kernels, rice, fruit; cattle, pigs; fish; timber
fish (tuna), mining, timber
14% (2013 est.)
country comparison to the world: 4
[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%
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%
highest 10%:
NA%
revenues:
$437.3 million
expenditures:
$409.9 million (2013 est.)
39.8% of GDP (2013 est.)
country comparison to the world: 44
[see also: Taxes and other revenues country ranks ]
2.5% of GDP (2013 est.)
country comparison to the world: 15
[see also: Budget surplus (+) or deficit (-) country ranks ]
calendar year
2.6% (2012 est.)
country comparison to the world: 98
2.6% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]
11.2% (31 December 2013 est.)
country comparison to the world: 71
11.28% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]
$335.3 million (31 December 2013 est.)
country comparison to the world: 167
$326.3 million (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]
$417.9 million (31 December 2013 est.)
country comparison to the world: 182
$417.4 million (31 December 2012 est.)
[see also: Stock of broad money country ranks ]
$41.38 million (31 December 2013 est.)
country comparison to the world: 177
$37.73 million (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]
-$1.2 million (2012 est.)
country comparison to the world: 60
-$60.6 million (2011 est.)
[see also: Current account balance country ranks ]
$493.1 million
country comparison to the world: 175
$415.2 million (2011 est.)
[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
$446 million (2012 est.)
[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: 184
$166 million (2004)
[see also: Debt - external country ranks ]
Solomon Islands dollars (SBD) per US dollar -
7.318 (2013 est.)
7.3552 (2012 est.)
8.0645 (2010 est.)