Solomon Islands:
Economy

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Other pages in this profile of the Solomon Islands:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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)	Definition - World rank and map $948 million (2007 est.)
GDP (official exchange rate)	Definition $358 million (2007 est.)
GDP - real growth rate	Definition - World rank and map 5.4% (2007 est.)
GDP - per capita	Definition - World rank and map $1,900 (2007 est.)
GDP - composition by sector	Definition agriculture: 42% industry: 11% services: 47% (2000 est.)
Labor force	Definition 249,200 (1999)
Labor force - by occupation	Definition agriculture: 75% industry: 5% services: 20% (2000 est.)
Unemployment rate	Definition - World rank and map NA%
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 6.3% (2007 est.)
Budget	Definition revenues: $49.7 million expenditures: $75.1 million (2003)
Agriculture - products	Definition cocoa beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit; timber; cattle, pigs; fish
Industries	Definition fish (tuna), mining, timber
Industrial production growth rate	Definition - World rank and map NA%
Electricity - production	Definition - World rank and map 60 million kWh (2005)
Electricity - consumption	Definition - World rank and map 55.8 million kWh (2005)
Electricity - consumption per capita	Definition - World rank and map 96 kWh (2005)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 0 bbl/day (2005 est.)
Oil - consumption	Definition - World rank and map 1,300 bbl/day (2005 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 2.2 bbl/day (2005 est.)
Oil - exports	Definition - World rank and map 0 bbl/day (2004)
Oil - imports	Definition - World rank and map 1,296 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 0 bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 0 cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 0 cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map -$143 million (2007 est.)
Exports	Definition - World rank and map $237 million f.o.b. (2006)
Exports - commodities	Definition timber, fish, copra, palm oil, cocoa
Exports - partners	Definition China 50.7%, South Korea 8.6%, Thailand 6.5%, Japan 5.7% (2006)
Imports	Definition - World rank and map $256 million f.o.b. (2006)
Imports - commodities	Definition food, plant and equipment, manufactured goods, fuels, chemicals
Imports - partners	Definition Singapore 28.6%, Australia 26.5%, Japan 4.7%, NZ 4.5%, Fiji 4.1% (2006)
Debt - external	Definition - World rank and map $166 million (2004)
Economic aid - recipient	Definition $198.2 million annually, mainly from Australia (2005 est.)
Currency (code)	Definition Solomon Islands dollar (SBD)
Exchange rates	Definition Solomon Islands dollars per US dollar - NA (2007), 7.3447 (2006), 7.5299 (2005), 7.4847 (2004), 7.5059 (2003)
Fiscal year	Definition calendar year

Solomon Islands: Economy

Solomon Islands:
Economy