Economy of Solomon Islands

Imports
Imports commoditiesfood, plant and equipment, manufactured goods, fuels, chemicals
Import partnersSingapore 27.2%, Australia 25.7%, China 7.1%, NZ 4.9%, Malaysia 4.8% (2012)
Exports
Exports commoditiestimber, fish, copra, palm oil, cocoa
Export partnersChina 50.8%, Australia 17.5% (2012)
Economy sectors
Agriculture productscocoa, coconuts, palm kernels, rice, potatoes, vegetables, fruit; cattle, pigs; fish; timber
Industrial productsfish (tuna), mining, timber
Economy
Unemployment4.30 % (2011)4.40 % (2010)
GDP - Official Exchange Rate1.10 Billion $ (2013)984 Million $ (2012)869 Million $ (2011)
GDP - Official Exchange Rate of Solomon Islands
GDP growth rate4.00 % (2013)4.80 % (2012)10.7 % (2011)
GDP growth rate of Solomon Islands
GDP per Capita (PPP)3,400 $ (2013)3,300 $ (2012)3,200 $ (2011)
GDP per Capita (PPP) of Solomon Islands
GDP - Purchasing Power Parity1.96 Billion $ (2013)1.86 Billion $ (2012)1.79 Billion $ (2011)
GDP - Purchasing Power Parity of Solomon Islands
GDP PPP per land area67,760 $ per square kilometer (2013)64,300 $ per square kilometer (2012)61,946 $ per square kilometer (2011)
GDP PPP per land area of Solomon Islands
ElectricityBanking
Commercial bank prime lending rate11.2 % (2013)11.3 % (2012)13.2 % (2011)
Commercial bank prime lending rate of Solomon Islands
GDP decomposition by sector
Agriculture % of GDP50.0 % (2013)51.8 % (2012)
Industry % of GDP10.6 % (2013)9.20 % (2012)
Services % of GDP39.4 % (2013)39.0 % (2012)
Tourism
International tourism, number of arrivals24,000 (2012)23,000 (2011)21,000 (2010)
International tourism, number of arrivals of Solomon Islands
Yearly Tourist arrivals to residents ratio4.11 % (2012)4.02 % (2011)3.99 % (2010)
Yearly Tourist arrivals to residents ratio of Solomon Islands
Debt, Current Account Balance and Budget Deficit
Current Account Balance (Percentage of GDP)0.22 % of GDP (2012)-6.94 % of GDP (2011)-30.82 % of GDP (2010)
Current Account Balance (Percentage of GDP) of Solomon Islands
External Debt Stocks (Percentage of GNI)32.6 % of GNI (2012)38.2 % of GNI (2011)41.6 % of GNI (2010)
External Debt Stocks (Percentage of GNI) of Solomon Islands
Short-term debt (percentage of total external debt)0.88 % of total external debt (2012)4.99 % of total external debt (2011)1.74 % of total external debt (2010)
Short-term debt (percentage of total external debt) of Solomon Islands
Current Account Balance (Total)-1.20 Million $ (2012)-60.26 Million $ (2011)-372.60 Million $ (2010)
Current Account Balance (Total) of Solomon Islands
External Debt (Total)228 Million $ (2012)256 Million $ (2011)231 Million $ (2010)
External Debt (Total) of Solomon Islands
External Debt (Percentage of GDP)23.2 % of GDP (2012)29.4 % of GDP (2011)32.4 % of GDP (2010)
External Debt (Percentage of GDP) of Solomon Islands
External Debt per Capita390 $ (2012)447 $ (2011)438 $ (2010)
External Debt per Capita of Solomon Islands