Solomon Islands

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Introduction - Solomon Islands:
Location - Solomon Islands:
People - Solomon Islands:
Government - Solomon Islands:
Economy - Solomon Islands:

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. RAMSIs efforts to restore law and order and economic stability have led to modest growth as the economy rebuilds.

Gdp purchasing power parity

$800 million (2002 est.)

Gdp official exchange rate

$286 million (2005)

Gdp real growth rate

4.4% (2005 est.)

Gdp per capita ppp

$600 (2005 est.)

Gdp composition by sector

agriculture: 42%
industry: 11%
services: 47% (2000 est.)

Labor force

249,200 (1999)

Labor force by occupation

agriculture: 75%
industry: 5%
services: 20% (2000 est.)

Unemployment rate


Population below poverty line


Household income or consumption by percentage share

lowest 10%: NA%
highest 10%: NA%

Inflation rate consumer prices

6.6% (2005 est.)


revenues: $49.7 million
expenditures: $75.1 million; including capital expenditures of $NA (2003)

Agriculture products

cocoa beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit; timber; cattle, pigs; fish


fish (tuna), mining, timber

Industrial production growth rate


Electricity production

55 million kWh (2004)

Electricity consumption

51.15 million kWh (2004)

Electricity exports

0 kWh (2004)

Electricity imports

0 kWh (2004)

Oil production

0 bbl/day (2004 est.)

Oil consumption

1,280 bbl/day (2004 est.)

Oil exports

NA bbl/day

Oil imports

NA bbl/day

Oil proved reserves

0 bbl

Natural gas production

0 cu m (2004 est.)

Natural gas consumption

0 cu m (2004 est.)


$171 million f.o.b. (2004 est.)

Exports commodities

timber, fish, copra, palm oil, cocoa

Exports partners

China 45.2%, South Korea 13.9%, Japan 8.4%, Philippines 4.5%, Thailand 4.4%, Italy 4.2% (2006)


$159 million f.o.b. (2004 est.)

Imports commodities

food, plant and equipment, manufactured goods, fuels, chemicals

Imports partners

Australia 25.2%, Singapore 23.3%, Japan 7.8%, NZ 5%, Fiji 4.2%, Papua New Guinea 4.1% (2006)

Debt external

$166 million (2004)

Economic aid recipient

$122 million annually, mainly from Australia (2004 est.)

Currency code

Solomon Islands dollar (SBD)

Exchange rates

Solomon Islands dollars per US dollar - 7.3447 (2006), 7.5299 (2005), 7.4847 (2004), 7.5059 (2003), 6.7488 (2002)

Communications - Solomon Islands:
Transportation - Solomon Islands:
Military - Solomon Islands:
This page was last updated on 16 September, 2007
Source: CIA >>>

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Solomon Islands

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Solomon Islands

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Solomon Islands

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Solomon Islands

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Solomon Islands

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