Source
Central bank

Central Bank of Solomon Islands

International Reserves

US$ 412.272 million (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 979 million (2010 estimate)

GDP (Purchasing Power Parity)

1.852 billion of International dollars (2010 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
-8% -2.8% 6.5% 4.9% 5.4% 6.9% 10.7% 7.1%
2009 2010 2011 2012*        
-4.7% 7% 9.3% 6%        

*Estimate

GDP per capita - current prices

US$ 1,769 (2009 estimate)

GDP per capita - PPP

$3,348 International Dollars (2009 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0% 0% 0% 0% 0%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 29.8% 
  • industry: 7% 
  • services: 63.2% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
7.1%(2008) 1% 6.7% 5.3%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
33.5% 32.1% 27.2% 22.6% 19.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-0.2% 1.8% 6.3% 3.6% 1.3%

*Estimate    **Forecast

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 Dec 2011 and Nov 2012)

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$ -124 million (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-12.7% of GDP (2010 estimate)(2009)

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

31.1% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0% (2011)(2007)

(Data were released in 2012)

Total exports

US$226.5 million (2010 estimate) 

Export commodities

timber, fish, copra, palm oil, cocoa

Total imports

US$360.3 million (2010 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

China 54%, Australia 12.5%, Thailand 4.6% (2011)

Imports - major partners

Australia 27.3%, Singapore 26.4%, China 6.5%, Malaysia 5.1%, NZ 5.1% (2011)

FDI inflows
2009 2010 2011
US$120 million US$238 million(2009) US$146 million(2009)
FDI outflows
2009 2010 2011  
US$-3 million US$2 million US$4 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) 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(2008 estimate)

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 92 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 75 out of 185 countries(2009)

Enforcing Contracts: 109 out of 185 countries

Registering Property: 168 out of 185 countries

Getting credit: 83 out of 185 countries

Protecting investors: 49 out of 185 countries

Trading across border: 86 out of 185 countries

Paying Taxes: 26 out of 185 countries

Dealing with Construction Permits: 77 out of 185 countries

Getting Electricity: 125 out of 185 countries

Resolving Insolvency: 123 out of 185 countries

(2013)

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

N/A

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 162 Score: 46.2 (Repressed) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

28,896 km2 (2006)

Capital

Honiara (2009)

Currency

Solomon Islands dollars (SBD) (2009)

Government type

parliamentary democracy and a Commonwealth realm (2009)

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

Church of Melanesia 32.8%, Roman Catholic 19%, South Seas Evangelical 17%, Seventh-Day Adventist 11.2%, United Church 10.3%, Christian Fellowship Church 2.4%, other Christian 4.4%, other 2.4%, unspecified 0.3%, none 0.2% (1999 census)

Total population
1980 1990 2000 2012* 2017**
0.23 million 0.32 million 0.42 million 0.56 million 0.63 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
5.8% 10.6% 15.7% 20.5%
Population median age

20 years (2010)

Population growth rate

2.6% (2011)

Life expectancy

67 years (2010)

% 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)