| SOLOMON ISLANDER ECONOMY 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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Source: CIA World Factbook, 28 July 2005 |
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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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Source: 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 |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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. |
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Exports
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$237,000,000.00 |
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[167th of 189]
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Source: CIA World Factbook, 28 July 2005 |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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GDP
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$334,846,600.00 |
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[163rd of 203]
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Source: US Census Bureau |
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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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Source: World Development Indicators database and CIA World Factbook |
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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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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Source: World Bank. 2005. World Development Indicators 2005. |
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GDP growth > annual %
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5 annual %
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[79th of 187]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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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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Source: World Development Indicators database |
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Gross National Income
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$252,605,000.00 |
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[161st of 172]
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Source: World Development Indicators database |
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Gross national income > constant LCU
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101500900 |
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Human Development Index
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0.594 |
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[129th of 178]
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Source: World Development Indicators database |
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Inflation rate (consumer prices)
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6.3% |
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[74th of 192]
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Source: Human Development Report 2006, United Nations Development Programme |
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Total reserves minus gold > current US$
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95,419,810 $
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[156th of 178]
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Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
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Tourist arrivals
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16,000 |
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[144th of 152]
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Source: World Development Indicators database |
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