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) $1,480,540,208 (2017)
GDP Growth Rate (annual %) 3.238% (2017)
GDP Per Capita, PPP (current international) $2,422 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 181/195 (2017)

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$) $240,262,000 (2016)
Total tax rate (% of commercial profits) 32% (2017)
Real Interest Rate (5 year average %) 8.909% (2017)
Manufacturing, value added (% of GDP) 3.765% (2009)
Current Account Balance (BoP, current US$) ($46,423,909) (2017)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 267,203 (2017)
Employment in Agriculture (% of total employment) 69.639% (2017)
Employment in Industry (% of total employment) 9.746% (2017)
Employment in Services (% of total employment) 20.615% (2017)
Unemployment Rate 2.05% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $615,648,426 (2015)
Exports of goods and services (current US$) $520,455,557 (2015)
Total Merchandise Trade (% of GDP) 75.952% (2017)
FDI, net inflows (BoP, current US$) $36,565,532 (2017)
Commercial Service Exports (current US$) $134,455,284 (2017)
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