Solomon Islands: Economy

Economic Trivia

The Solomon Islands are rich in undeveloped minerals, such as lead, zinc, and gold.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): China, Australia, and Singapore
Top 3 Exported Goods (2015): Items nesoi, Wood, and Fats & Oils

Top Industries Source: CIA World Factbook

Fish (Tuna); Mining; Timber

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $1,275,898,544 (2015)
GDP Growth Rate (annual %) 3.254% (2015)
GDP Per Capita, PPP (current international) $2,186 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 180/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.559% (2015)
External debt stocks, total (DOD, current US$) $187,266,000 (2014)
Total tax rate (% of commercial profits) 32% (2015)
Real Interest Rate (5 year average %) 6.423% (2015)
Manufacturing, value added (% of GDP) 3.765% (2009)
Current Account Balance (BoP, current US$) ($17,451,569) (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 227,975 (2014)
Employment in Agriculture (% of total employment) Data unavailable
Employment in Industry (% of total employment) Data unavailable
Employment in Services (% of total employment) Data unavailable
Unemployment Rate 3.9% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $615,648,426 (2015)
Exports of goods and services (current US$) $520,455,557 (2015)
Total Merchandise Trade (% of GDP) 82.78% (2014)
FDI, net inflows (BoP, current US$) $21,898,614 (2015)
Commercial Service Exports (current US$) $108,980,303 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Solomon Islands’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary