| Economy - 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 the Regional Assistance Mission to the Solomon Islands (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. |
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| GDP | 3% (2006) |
|
| GDP - real growth rate | 4.4% (2005 est.) |
|
| GDP - composition by sector | agriculture: 42%
industry: 11%
services: 47% (2000 est.) |
|
| Population below poverty line | NA% |
|
Household income or consumption
by percentage share | lowest 10%: NA%
highest 10%: NA% |
|
| Labor force | 249,200 (1999) |
|
| Labor force - by occupation | agriculture: 75%
industry: 5%
services: 20% (2000 est.) |
|
| Unemployment rate | NA% |
|
| Budget | revenues: $49.7 million
expenditures: $75.1 million; including capital expenditures of $NA (2003) |
|
| Industries | fish (tuna), mining, timber |
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| Industrial production growth rate | NA% |
|
Electricity -
production | 55 million kWh (2004) |
|
Electricity -
production by source | fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001) |
|
Electricity -
consumption | 51.15 million kWh (2004) |
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Electricity -
exports | 0 kWh (2004) |
|
Electricity -
imports | 0 kWh (2004) |
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| Oil - production | 0 bbl/day (2004 est.) |
|
| Oil - consumption | 1,280 bbl/day (2004 est.) |
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| Oil - exports | NA bbl/day |
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| Oil - imports | NA bbl/day |
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| Agriculture - products | cocoa beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit; timber; cattle, pigs; fish |
|
| Exports | $171 million f.o.b. (2004 est.) |
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| Exports - commodities | timber, fish, copra, palm oil, cocoa |
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| Exports - partners | China 41.6%, South Korea 13.5%, Thailand 7%, Japan 6.4%, Philippines 4.6%, Italy 4.2% (2005) |
|
| Imports | $159 million f.o.b. (2004 est.) |
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| Imports - commodities | food, plant and equipment, manufactured goods, fuels, chemicals |
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| Imports - partners | Australia 26.2%, Singapore 25.7%, NZ 4.7%, Fiji 4.2%, Papua New Guinea 4.1% (2005) |
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| Debt - external | $166 million (2004) |
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| Economic aid - recipient | $122 million annually, mainly from Australia (2004 est.) |
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| Currency code | SBD |
|
| Exchange rates | Solomon Islands dollars per US dollar - 7.3447 (2006), 7.5299 (2005), 7.4847 (2004), 7.5059 (2003), 6.7488 (2002) |
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| Fiscal year | calendar year |
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