List of countries in the regions listed in the regional table

Central and Eastern Europe Composed of 14 countries: Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Estonia, Hungary, Latvia, Lithuania, Former Yugoslav Republic of Macedonia, Montenegro, Poland, Romania, Serbia and Turkey.   Commonwealth of Independent States Composed of 11 CIS countries: Armenia, ...

 
 
Source
Central bank

Central Bank of Solomon Islands

International Reserves

USD 0.6 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 1.4 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 1.4 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
6.4% 7.1% -4.7% 6.8% 13.2% 4.6% 3%
2014 2015 2016* 2017* 2019*    
2.3% 2.5% 3.5% 3.5% 3.4%    

*Estimate

GDP per capita - current prices

USD 2,270.8 (2018, estimate)

GDP per capita - PPP

Intl$ 2,242.0 (2018, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2019*
0% 0% 0% 0% 0.001%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 34.3% 
  • industry: 7.6% 
  • services: 58.1%

(2017 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2015 2016 2017 2018* 2019*
-0.6% 0.5% 0.5% 2.7% 0.4%

*Estimate

Unemployment rate
2018 2016 2017 2018 2019
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017* 2018* 2019*
10.1% 7.9% 9.5% 9.4% 10.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017* 2018* 2019*
0% -3.9% -4.4% 0.7% -2.3%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's: B3

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.1 billion (2017 estimate)

Current account balance by percentage of GDP

-5.2 % (2018 estimate)

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

N/A

Shares in world total merchandising export

0.003% (2018)

Shares in world total commercial services export

0.003% (2018)

Total exports

USD 672.7 million (2018 estimate)

Export commodities

Timber, fish, copra, palm oil, cocoa, coconut oil

Total imports

USD 730.6 million (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

China 64.5%, Italy 6.2%, Switzerland 4.6%, Philippines 4.4% (2017)

Imports - major partners

China 21.9%, Australia 19.6%, Singapore 10.7%, Vietnam 7.5%, NZ 6.2%, Papua New Guinea 5%, South Korea 4.7% (2017)

FDI inflows
2016 2017 2018
USD 39 million USD 43 million USD 12 million
FDI outflows
2016 2017 2018
USD 1.3 million USD 7.1 million USD 9.0 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

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. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

136 out of 190 countries

Subcategories:
Starting a Business: 110 out of 190 countries
Dealing with Construction Permits: 172 out of 190 countries
Getting Electricity: 112 out of 190 countries
Registering Property: 155 out of 190 countries
Getting Credit: 104 out of 190 countries
Protecting Minority Investors: 136 out of 190 countries
Paying Taxes: 41 out of 190 countries
Trading across Borders: 160 out of 190 countries
Enforcing Contracts: 157 out of 190 countries
Resolving Insolvency: 145 out of 190 countries

Global competitiveness ranking

N/A

Index of Economic Freedom

Ranking: 133 / Score: 54.6 (Mostly unfree)

(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 (National Parliament) under a constitutional monarchy; 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 2016* 2021*
0.321 million 0.412 million 0.526 million 0.601 million 0.67 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
6% 11% 16% 22%
Population median age

22.2 years (2016 estimate)

Population growth rate

1.98% (2016 estimate)

Life expectancy

75.3 years (2016 estimate)

Literacy

Total population: 84.1%
Male: 88.9%
Female: 79.2% (2009 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 3
Civil Liberties: 2 (2017)                         

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

Source
Total telephone subscribers as % of population

Fixed 1.27%   Mobile 72.66% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

10% (2015)

Mercer Cost of living index

N/A

CO2 emissions

0.4 (2013)