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| SOLOMON ISLANDER ECONOMY STATS: |
| Top Stats |
| | All Stats |
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Agriculture > products
cocoa beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit; cattle, pigs; timber; fish |
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Aid as % of GDP
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24.9% |
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[7th of 129]
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Current account balance
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-$143,000,000.00 |
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[81st of 181]
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Debt > External
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$166,000,000.00 |
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[24th of 136]
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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. |
Exchange rates
Solomon Islands dollars per US dollar - 7.4847 (2004), 7.5059 (2003), 6.7488 (2002), 5.278 (2001), 5.0889 (2000) |
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Exports
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$237,000,000.00 |
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[167th of 189]
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Exports to US
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$400,000.00 |
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[186th of 224]
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GDP
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$334,846,600.00 |
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[163rd of 203]
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GDP (purchasing power parity)
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$948,000,000.00 |
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[180th of 187]
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GDP > PPP
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$835,000,000.00 |
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[158th of 163]
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GDP > Real growth rate
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5.4% |
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[93rd of 198]
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GDP growth > annual %
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5 annual %
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[79th of 187]
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GDP per capita, PPP > current international $
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2,030.56 PPP $
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[127th of 169]
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Gross National Income
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$252,605,000.00 |
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[161st of 172]
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Gross national income > constant LCU
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101500900 |
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Human Development Index
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0.594 |
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[129th of 178]
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Inflation rate (consumer prices)
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6.3% |
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[74th of 192]
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Total reserves minus gold > current US$
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95,419,810 $
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[156th of 178]
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Tourist arrivals
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16,000 |
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[144th of 152]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC; All CIA World Factbooks 18 December 2003 to 18 December 2008; US Census Bureau; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; United Nations World Statistics Pocketbook and Statistical Yearbook
ALTERNATIVE NAMES:
Solomon Islands
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