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 (2017): China, Australia, and Singapore
Top 3 Exported Goods (2017): Wood, Seafood, and Fats & Oils

Top Industries Source: CIA World Factbook

Fish (Tuna); Mining; Timber

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $1,573,002,905 (2018)
GDP Growth Rate (annual %) 3.386% (2018)
GDP Per Capita, PPP (current international) $2,409 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 182/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.489% (2017)
External debt stocks, total (DOD, current US$) $388,511,174 (2018)
Total tax rate (% of commercial profits) 32% (2018)
Real Interest Rate (5 year average %) 6.26% (2018)
Manufacturing, value added (% of GDP) 3.765% (2009)
Current Account Balance (BoP, current US$) ($50,570,782) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 278,605 (2018)
Employment in Agriculture (% of total employment) 61.352% (2018)
Employment in Industry (% of total employment) 9.098% (2018)
Employment in Services (% of total employment) 29.55% (2018)
Unemployment Rate 1.79% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $615,648,426 (2015)
Exports of goods and services (current US$) $520,455,557 (2015)
Total Merchandise Trade (% of GDP) 85.346% (2018)
FDI, net inflows (BoP, current US$) $12,057,231 (2018)
Commercial Service Exports (current US$) $138,105,004 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank