Support Our Sponsor
. . Flags of the World Maps of All Countries

  • |SEARCH|
  • |Main INDEX|
  • 2006 INDEX
  • Country Ranks
  • DEFINITIONS

    Solomon Islands Index 2006

    Solomon Islands Main Index


    . Feedback
  • geographic.org Home PageCountry Index

    Solomon Islands Economy - 2006
    http://www.theodora.com/wfbcurrent/solomon_islands/solomon_islands_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      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 has enabled a return to law and order, a new period of economic stability, and modest growth as the economy rebuilds.

      GDP (purchasing power parity):
      $800 million (2002 est.)

      GDP (official exchange rate):
      NA

      GDP - real growth rate:
      5.8% (2003 est.)

      GDP - per capita (PPP):
      $1,700 (2002 est.)

      GDP - composition by sector:
      agriculture: 42%
      industry: 11%
      services: 47% (2000 est.)

      Labor force:
      26,840 (1999)

      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%

      Inflation rate (consumer prices):
      10% (2003 est.)

      Budget:
      revenues: $49.7 million
      expenditures: $75.1 million; including capital expenditures of $0 (2003)

      Agriculture - products:
      cocoa beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit; timber; cattle, pigs; fish

      Industries:
      fish (tuna), mining, timber

      Industrial production growth rate:
      NA%

      Electricity - production:
      55 million kWh (2003)

      Electricity - consumption:
      51.15 million kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      0 bbl/day (2003 est.)

      Oil - consumption:
      1,270 bbl/day (2003 est.)

      Oil - exports:
      NA bbl/day

      Oil - imports:
      NA bbl/day

      Natural gas - production:
      0 cu m (2003 est.)

      Natural gas - consumption:
      0 cu m (2003 est.)

      Exports:
      $171 million f.o.b. (2004 est.)

      Exports - commodities:
      timber, fish, copra, palm oil, cocoa

      Exports - partners:
      China 25.9%, South Korea 15.9%, Thailand 14.7%, Japan 9%, Philippines 4.5% (2004)

      Imports:
      $159 million f.o.b. (2004 est.)

      Imports - commodities:
      food, plant and equipment, manufactured goods, fuels, chemicals

      Imports - partners:
      Australia 24.2%, Singapore 22.7%, NZ 7.6%, Fiji 4.7%, Papua New Guinea 4.6% (2004)

      Debt - external:
      $180.4 million (2002)

      Economic aid - recipient:
      $28 million annually, mainly from Australia (2003 est.)

      Currency (code):
      Solomon Islands dollar (SBD)

      Exchange rates:
      Solomon Islands dollars per US dollar - 7.5299 (2005), 7.4847 (2004), 7.5059 (2003), 6.7488 (2002), 5.278 (2001)

      Fiscal year:
      calendar year


      NOTE: The information regarding Solomon Islands on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Solomon Islands Economy 2006 information contained here. All suggestions for corrections of any errors about Solomon Islands Economy 2006 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -


    http://www.theodora.com/wfbcurrent/solomon_islands/solomon_islands_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


    CTR060106