| People | Solomon Islands |
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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's efforts to restore law and order and economic stability have led to modest growth as the economy rebuilds. |
GDP (purchasing power parity):
|
$800 million (2002 est.) |
GDP (official exchange rate):
|
$358 million (2007 est.) |
GDP - real growth rate:
|
4.4% (2005 est.) |
GDP - per capita (PPP):
|
$600 (2005 est.) |
GDP - composition by sector:
|
agriculture: 42%
industry: 11%
services: 47% (2000 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
6.6% (2005 est.) |
Labor force:
|
249,200 (1999) |
Labor force participation rate:
|
42.87 % of population |
Labor force - by occupation:
|
agriculture: 75%
industry: 5%
services: 20% (2000 est.) |
Unemployment rate:
|
NA% |
Budget:
|
revenues: $49.7 million
expenditures: $75.1 million (2003) |
Budget revenues per capita:
|
86 USD per capita |
Public debt:
|
void |
Industries:
|
fish (tuna), mining, timber |
Industrial production growth rate:
|
NA% |
Electricity - production:
|
60 million kWh (2005) |
Electricity - production per capita:
|
104 kWh per capita |
Electricity - consumption:
|
55.8 million kWh (2005) |
Electricity - consumption - per capita:
|
96 kWh per capita |
Electricity - exports:
|
0 kWh (2005) |
Electricity - imports:
|
0 kWh (2005) |
Oil - production:
|
0 bbl/day (2005 est.) |
Oil - production per capita:
|
void |
Oil - consumption:
|
1,300 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
0.82 bbl/year per capita |
Oil - exports:
|
0 bbl/day (2004) |
Oil - imports:
|
1,296 bbl/day (2004) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
cocoa beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit; timber; cattle, pigs; fish |
Current account balance:
|
void |
Current account balance - per capita:
|
void |
Exports:
|
$237 million f.o.b. (2006) |
Exports per capita:
|
408 USD per capita |
Exports - commodities:
|
timber, fish, copra, palm oil, cocoa |
Exports - partners:
|
China 48%, South Korea 9.5%, Japan 8.9%, Thailand 4.7%, Italy 4.4%, Philippines 4.2% (2006) |
Imports:
|
$256 million f.o.b. (2006) |
Imports per capita:
|
441 USD per capita |
Imports - commodities:
|
food, plant and equipment, manufactured goods, fuels, chemicals |
Imports - partners:
|
Australia 25.5%, Singapore 23.5%, Japan 7.8%, NZ 5.1%, Fiji 4.2%, Papua New Guinea 4.1% (2006) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
|
$166 million (2004) |
Debt - external - per capita:
|
286 USD per capita |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - abroad:
|
void |
Market value of publicly traded shares:
|
void |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$198.2 million annually, mainly from Australia (2005 est.) |
Economic aid - recipient per capita:
|
341 USD per capita |
Currency (code):
|
Solomon Islands dollar (SBD) |
Exchange rates:
|
Solomon Islands dollars per US dollar - NA (2007), 7.3447 (2006), 7.5299 (2005), 7.4847 (2004), 7.5059 (2003) |
Fiscal year:
|
calendar year |
|
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