Source
Central bank

Central Bank of Solomon Islands

International Reserves

US$ 520 million (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 1 billion (2014 estimate)

GDP (Purchasing Power Parity)

2 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
6.5% 4.9% 12.9% 4.0% 6.4% 7.1% -4.7% 7.8%
2011 2012 2013 2014*        
10.7% 4.9% 2.8% 4.0%        

*Estimate

GDP per capita - current prices

US$ 2,096 (2014 estimate)

GDP per capita - PPP

$3,568 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0% 0% 0% 0% 0%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 50% 
  • industry: 10.6% 
  • services: 39.4% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014*
7.4% 5.9% 6.1% 5.9%

*Estimate

Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
27.8% 21.6% 17.5% 14.6% 14.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
6.2% 9.0% 3.9% 0.3% 0.3%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in The Solomon Islands

N/A

 
 
Source
Current account balance

US$ -157 million (2014 estimate)

Current account balance by percentage of GDP

-13.008% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

N/A

Shares in world total merchandising export

0% (2012)

Shares in world total commercial services export

0% (2012)

Total exports

US$493.1 million (2012 estimate) 

Export commodities

timber, fish, copra, palm oil, cocoa

Total imports

US$446 million (2012 estimate) 

 
 
Source
Import commodities

food, plant and equipment, manufactured goods, fuels, chemicals

Exports - major partners

China 50.8%, Australia 17.5% (2012)

Imports - major partners

Singapore 27.2%, Australia 25.7%, China 7.1%, NZ 4.9%, Malaysia 4.8% (2012)

FDI inflows
2011 2012 2013
US$146 million US$68 million US$105 million  
FDI outflows
2011 2012 2013  
US$4 million US$3 million US$2 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
N/A N/A N/A N/A
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 97 out of 189 countries (2013)

Subcategories:

Starting a business: 82 out of 18 countries

Enforcing Contracts: 109 out of 189 countries

Registering Property: 172 out of 189 countries

Getting credit: 86 out of 189 countries

Protecting investors: 52 out of 189 countries

Trading across border: 78 out of 189 countries

Paying Taxes: 30 out of 189 countries

Dealing with Construction Permits: 81 out of 189 countries

Getting Electricity: 130 out of 189 countries

Resolving Insolvency: 127 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

N/A

 

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 165 Score: 46.2 (Repressed) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+11

Total area

28,896 sq km

Capital

Honiara

Currency

Solomon Islands dollars (SBD)

Government type

parliamentary democracy and a Commonwealth realm

Languages

Melanesian pidgin (in much of the country is lingua franca), English (official but spoken by only 1%-2% of the population), 120 indigenous languages

Religions

Protestant 73.4% (Church of Melanesia 31.9%, South Sea Evangelical 17.1%, Seventh Day Adventist 11.7%, United Church 10.1%, Christian Fellowship Church 2.5%), Roman Catholic 19.6%, other Christian 2.9%, other 4%, none 0.03%, unspecified 0.1% (2009 est.)

Total population
1990 2000 2010 2014* 2019**
0.321 million 0.412 million 0.526 million 0.575 million 0.641 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
5.8% 11% 16% 21%
Population median age

21.6 years (est. 2014)

Population growth rate

2.07% (2014 est.)

Life expectancy

74.89 years (2014 estimate)

Adult literacy

84.1%

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:4
Civil Liberties:3 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

51.29% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

6% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

Source
CO2 emissions(Metric tons of CO2 per capita)

0.3778 (Data were released in 2012 and refer to 2009)