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 closure of key businesses, and an empty government treasury culminated in economic collapse. RAMSI's efforts, which concluded in Jun 2017, to restore law and order and economic stability have led to modest growth as the economy rebuilds.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita: Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Current account balance: Exports: Exports - partners: Exports - commodities: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
$1.33 billion
(2017 est.)
$1.285 billion
(2016 est.)
$1.242 billion
(2015 est.)
note: data are in 2017 dollars
country comparison to the world (CIA rank, may be based on non-current data):
200
[see also: GDP country ranks ]
$1.298 billion
(2017 est.)
[see also: GDP (official exchange rate) country ranks ]
3.5%
(2017 est.)
3.5%
(2016 est.)
2.5%
(2015 est.)
country comparison to the world (CIA rank, may be based on non-current data):
100
[see also: GDP - real growth rate country ranks ]
$2,200
(2017 est.)
$2,100
(2016 est.)
$2,100
(2015 est.)
note: data are in 2017 dollars
country comparison to the world (CIA rank, may be based on non-current data):
207
[see also: GDP - per capita country ranks ]
13.1% of GDP
(2017 est.)
15.2% of GDP
(2016 est.)
14.5% of GDP
(2015 est.)
country comparison to the world (CIA rank, may be based on non-current data):
145
[see also: Gross national saving country ranks ]
household consumption:
NA
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption:
NA
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital:
NA
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories:
NA
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 25.8%
(2011 est.)
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -49.6%
(2011 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]
agriculture: 34.3%
(2017 est.)
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 7.6%
(2017 est.)
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 58.1%
(2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]
cocoa, coconuts, palm kernels, rice, fruit; cattle, pigs; fish; timber
fish (tuna), mining, timber
3.6%
(2017 est.)
country comparison to the world (CIA rank, may be based on non-current data):
83
[see also: Industrial production growth rate country ranks ]
202,500
(2007 est.)
country comparison to the world (CIA rank, may be based on non-current data):
171
[see also: Labor force country ranks ]
agriculture: 75%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 5%
[see also: Labor force - by occupation - industry country ranks ]
services: 20%
(2000 est.)
[see also: Labor force - by occupation - services country ranks ]
NA
[see also: Unemployment rate country ranks ]
NA
[see also: Population below poverty line country ranks ]
lowest 10%:
NA
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%:
NA
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: 532.5 million
(2017 est.)
[see also: Budget - revenues country ranks ]
expenditures: 570.5 million
(2017 est.)
[see also: Budget - expenditures country ranks ]
41% (of GDP)
(2017 est.)
country comparison to the world (CIA rank, may be based on non-current data):
33
[see also: Taxes and other revenues country ranks ]
-2.9% (of GDP)
(2017 est.)
country comparison to the world (CIA rank, may be based on non-current data):
130
[see also: Budget surplus (+) or deficit (-) country ranks ]
9.4% of GDP
(2017 est.)
7.9% of GDP
(2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
198
[see also: Public debt country ranks ]
calendar year
0.5%
(2017 est.)
0.5%
(2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
29
[see also: Inflation rate (consumer prices) country ranks ]
10.7%
(31 December 2017 est.)
10.1%
(31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
78
[see also: Commercial bank prime lending rate country ranks ]
$499.8 million
(31 December 2017 est.)
$429.5 million
(31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
170
[see also: Stock of narrow money country ranks ]
$499.8 million
(31 December 2017 est.)
$429.5 million
(31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
175
[see also: Stock of broad money country ranks ]
$152.6 million
(31 December 2017 est.)
$149.6 million
(31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
186
[see also: Stock of domestic credit country ranks ]
-$54 million
(2017 est.)
-$49 million
(2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
81
[see also: Current account balance country ranks ]
$468.6 million
(2017 est.)
$419.9 million
(2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
176
[see also: Exports country ranks ]
China 64.5%, Italy 6.2%, Switzerland 4.6%, Philippines 4.4%
(2017)
timber, fish, copra, palm oil, cocoa, coconut oil
$462.1 million
(2017 est.)
$419.3 million
(2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
199
[see also: Imports country ranks ]
food, plant and equipment, manufactured goods, fuels, chemicals
China 21.9%, Australia 19.6%, Singapore 10.7%, Vietnam 7.5%, NZ 6.2%, Papua New Guinea 5%, South Korea 4.7%
(2017)
$0
(31 December 2017 est.)
$421 million
(31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
194
[see also: Reserves of foreign exchange and gold country ranks ]
$757 million
(31 December 2017 est.)
$643 million
(31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
172
[see also: Debt - external country ranks ]
$594.8 million
(31 December 2017 est.)
$571.2 million
(31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
126
[see also: Stock of direct foreign investment - at home country ranks ]
$59.2 million
(31 December 2017 est.)
$50.1 million
(31 December 2016 est.)
country comparison to the world (CIA rank, may be based on non-current data):
114
[see also: Stock of direct foreign investment - abroad country ranks ]
Solomon Islands dollars (SBD) per US dollar -
7.9
(2017 est.)
7.94
(2016 est.)
7.94
(2015 est.)
7.9147
(2014 est.)
7.3754
(2013 est.)