Great Depression II

The Solomon Islands

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Economy

Economy - overview: Field info displayed for all countries in alpha order.
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 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): Field info displayed for all countries in alpha order.
$1.559 billion (2010 est.)
country comparison to the world: See information ranked by country 194
$1.517 billion (2009 est.)
$1.553 billion (2008 est.)
note: data are in 2010 US dollars
GDP (official exchange rate): Field info displayed for all countries in alpha order.
$674 million (2010 est.)
GDP - real growth rate: Field info displayed for all countries in alpha order.
2.8% (2010 est.)
country comparison to the world: See information ranked by country 131
-2.3% (2009 est.)
7.4% (2008 est.)
GDP - per capita (PPP): Field info displayed for all countries in alpha order.
$2,800 (2010 est.)
country comparison to the world: See information ranked by country 171
$2,800 (2009 est.)
$2,900 (2008 est.)
note: data are in 2010 US dollars
GDP - composition by sector: Field info displayed for all countries in alpha order.
agriculture: 42%
industry: 11%
services: 47% (2005 est.)
Labor force: Field info displayed for all countries in alpha order.
202,500 (2007)
country comparison to the world: See information ranked by country 168
Labor force - by occupation: Field info displayed for all countries in alpha order.
agriculture: 75%
industry: 5%
services: 20% (2000 est.)
Unemployment rate: Field info displayed for all countries in alpha order.
NA%
Population below poverty line: Field info displayed for all countries in alpha order.
NA%
Household income or consumption by percentage share: Field info displayed for all countries in alpha order.
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): Field info displayed for all countries in alpha order.
6.3% (2007 est.)
country comparison to the world: See information ranked by country 167
Commercial bank prime lending rate: Field info displayed for all countries in alpha order.
15.26% (31 December 2009 est.)
country comparison to the world: See information ranked by country 51
14.44% (31 December 2008 est.)
Stock of narrow money: Field info displayed for all countries in alpha order.
$139.9 million (31 December 2009)
country comparison to the world: See information ranked by country 176
$124.4 million (31 December 2008)
Stock of broad money: Field info displayed for all countries in alpha order.
$227.1 million (31 December 2009)
country comparison to the world: See information ranked by country 180
$195.9 million (31 December 2008)
Stock of domestic credit: Field info displayed for all countries in alpha order.
$221.9 million (31 December 2008 est.)
country comparison to the world: See information ranked by country 173
$183.8 million (31 December 2007 est.)
Agriculture - products: Field info displayed for all countries in alpha order.
cocoa beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit; timber; cattle, pigs; fish
Industries: Field info displayed for all countries in alpha order.
fish (tuna), mining, timber
Industrial production growth rate: Field info displayed for all countries in alpha order.
NA%
Electricity - production: Field info displayed for all countries in alpha order.
71 million kWh (2007 est.)
country comparison to the world: See information ranked by country 195
Electricity - consumption: Field info displayed for all countries in alpha order.
66.03 million kWh (2007 est.)
country comparison to the world: See information ranked by country 195
Electricity - exports: Field info displayed for all countries in alpha order.
0 kWh (2008 est.)
Electricity - imports: Field info displayed for all countries in alpha order.
0 kWh (2008 est.)
Oil - production: Field info displayed for all countries in alpha order.
0 bbl/day (2009 est.)
country comparison to the world: See information ranked by country 130
Oil - consumption: Field info displayed for all countries in alpha order.
2,000 bbl/day (2009 est.)
country comparison to the world: See information ranked by country 185
Oil - exports: Field info displayed for all countries in alpha order.
0 bbl/day (2007 est.)
country comparison to the world: See information ranked by country 173
Oil - imports: Field info displayed for all countries in alpha order.
1,323 bbl/day (2007 est.)
country comparison to the world: See information ranked by country 182
Oil - proved reserves: Field info displayed for all countries in alpha order.
0 bbl (1 January 2010 est.)
country comparison to the world: See information ranked by country 120
Natural gas - production: Field info displayed for all countries in alpha order.
0 cu m (2008 est.)
country comparison to the world: See information ranked by country 128
Natural gas - consumption: Field info displayed for all countries in alpha order.
0 cu m (2008 est.)
country comparison to the world: See information ranked by country 177
Natural gas - exports: Field info displayed for all countries in alpha order.
0 cu m (2008 est.)
country comparison to the world: See information ranked by country 123
Natural gas - imports: Field info displayed for all countries in alpha order.
0 cu m (2008 est.)
country comparison to the world: See information ranked by country 131
Natural gas - proved reserves: Field info displayed for all countries in alpha order.
0 cu m (1 January 2010 est.)
country comparison to the world: See information ranked by country 132
Current account balance: Field info displayed for all countries in alpha order.
-$143 million (2007 est.)
country comparison to the world: See information ranked by country 82
Exports: Field info displayed for all countries in alpha order.
$237 million (2006)
country comparison to the world: See information ranked by country 177
Exports - commodities: Field info displayed for all countries in alpha order.
timber, fish, copra, palm oil, cocoa
Exports - partners: Field info displayed for all countries in alpha order.
China 54.07%, South Korea 6.19%, Philippines 6.04%, Spain 4.87% (2009)
Imports: Field info displayed for all countries in alpha order.
$256 million (2006)
country comparison to the world: See information ranked by country 197
Imports - commodities: Field info displayed for all countries in alpha order.
food, plant and equipment, manufactured goods, fuels, chemicals
Imports - partners: Field info displayed for all countries in alpha order.
Singapore 24.69%, Australia 23.06%, NZ 5.2%, Fiji 4.47%, Papua New Guinea 4.34%, Malaysia 3.98% (2009)
Debt - external: Field info displayed for all countries in alpha order.
$166 million (2004)
country comparison to the world: See information ranked by country 176
Exchange rates: Field info displayed for all countries in alpha order.
Solomon Islands dollars (SBD) per US dollar - NA (2007), 7.3447 (2006), 7.5299 (2005), 7.4847 (2004), 7.5059 (2003)


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