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EconomyEconomy - 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 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) World Ranking: 192
$1.747 billion (2011 est.)
$1.599 billion (2010 est.) $1.494 billion (2009 est.) Note Data are in 2011 US dollars Gdp (official exchange rate)
$840 million (2011 est.)
Gdp - real growth rate World Ranking: 9
9.3% (2011 est.)
7% (2010 est.) -4.7% (2009 est.) Gdp - per capita (ppp) World Ranking: 169
$3,200 (2011 est.)
$3,000 (2010 est.) $2,900 (2009 est.) Note Data are in 2011 US dollars Gdp - composition by sector
Agriculture 37.7%
Industry 6.4% Services 55.9% (2011 est.) Labor force World Ranking: 169
202,500 (2007)
Labor force - by occupation
Agriculture 75%
Industry 5% Services 20% (2000 est.) Unemployment rate
NA%
Population below poverty line
NA%
Household income or consumption by percentage share
Lowest 10% NA%
Highest 10% NA% Budget
Revenues $314.1 million
Expenditures $261.7 million (2011 est.) Taxes and other revenues World Ranking: 59
37.4% of GDP (2011 est.)
Budget surplus (+) or deficit (-) World Ranking: 15
6.2% of GDP (2011 est.)
Inflation rate (consumer prices) World Ranking: 159
7.4% (2011 est.)
1% (2010 est.) Commercial bank prime lending rate World Ranking: 50
13.17% (31 December 2011 est.)
14.4% (31 December 2010 est.) Stock of narrow money World Ranking: 176
$254.5 million (31 December 2011 est.) $166 million (31 December 2010 est.) Stock of broad money World Ranking: 183
$353.8 million (31 December 2011 est.) $227.1 million (31 December 2009 est.) Stock of domestic credit World Ranking: 183
$176.7 million (31 December 2011 est.) $148.8 million (31 December 2010 est.) Agriculture - products
Cocoa, coconuts, palm kernels, rice, potatoes, vegetables, fruit; cattle, pigs; fish; timber Industries
Fish (tuna), mining, timber
Industrial production growth rate
NA%
Electricity - production World Ranking: 196
78 million kWh (2008 est.)
Electricity - consumption World Ranking: 197
72.54 million kWh (2008 est.)
Electricity - exports
0 kWh (2009 est.)
Electricity - imports
0 kWh (2009 est.)
Oil - production World Ranking: 136
0 bbl/day (2010 est.)
Oil - consumption World Ranking: 185
2,000 bbl/day (2010 est.)
Oil - exports World Ranking: 198
0 bbl/day (2009 est.)
Oil - imports World Ranking: 185
1,485 bbl/day (2009 est.)
Oil - proved reserves World Ranking: 193
0 bbl (1 January 2011 est.)
Natural gas - production World Ranking: 126
0 cu m (2009 est.)
Natural gas - consumption World Ranking: 130
0 cu m (2009 est.)
Natural gas - exports World Ranking: 180
0 cu m (2009 est.)
Natural gas - imports World Ranking: 127
0 cu m (2009 est.)
Natural gas - proved reserves World Ranking: 129
0 cu m (1 January 2011 est.)
Current account balance World Ranking: 99
$-372,600,000 (2010 est.)
$-207,900,000 (2009 est.) Exports World Ranking: 182
$226.5 million (2010 est.)
$163.4 million Exports - commodities
Timber, fish, copra, palm oil, cocoa Exports - partners
China 54%, Australia 12.5%, Thailand 4.6% (2011) Imports World Ranking: 192
$360.3 million (2010 est.)
$239.2 million (2009 est.) Imports - commodities
Food, plant and equipment, manufactured goods, fuels, chemicals Imports - partners
Australia 27.3%, Singapore 26.4%, China 6.5%, Malaysia 5.1%, NZ 5.1% (2011) Debt - external World Ranking: 184
$166 million (2004)
Exchange rates
Solomon Islands dollars (SBD) per US dollar - 7.6413 (2011 est.)8.0645 (2010 est.) Fiscal year
Calendar year
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Solomon Islands (Honiara):
 
GPS points from Solomon Islands (Honiara)
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The UK established a protectorate over the Solomon Islands in the 1890s. Some of the most bitter fighting of World War II occurred on this archipelago. Self-government was achieved in 1976 and independence two years later. Ethnic violence, government malfeasance, and endemic crime have undermined stability and civil society. In June 2003, then Prime Minister Sir Allan KEMAKEZA sought the assistance of Australia in reestablishing law and order; the following month, an Australian-led multinational force arrived to restore peace and disarm ethnic militias. The Regional Assistance Mission to the Solomon Islands (RAMSI) has generally been effective in restoring law and order and rebuilding government institutions.