Economy of Solomon Islands

Economy - overview: GDP: purchasing power parity - $1.21 billion (1999 est.)

GDP - real growth rate: 3.5% (1999 est.)

GDP - per capita: purchasing power parity - $2,650 (1999 est.)

GDP - composition by sector:
agriculture: 50%
industry: 3.5%
services: 46.5% (1995)

Population below poverty line: NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 10% (1999 est.)

Labor force: 26,842

Labor force - by occupation: agriculture NA%, industry NA%, services NA%

Unemployment rate: NA%

Budget:
revenues: $147 million
expenditures: $168 million, including capital expenditures of $NA (1997 est.)

Industries: fish (tuna), mining, timber

Industrial production growth rate: NA%

Electricity - production: 30 million kWh (1998)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

Electricity - consumption: 28 million kWh (1998)

Electricity - exports: 0 kWh (1998)

Electricity - imports: 0 kWh (1998)

Agriculture - products: cocoa, beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit; cattle, pigs; timber; fish

Exports: $142 million (f.o.b., 1998 est.)

Exports - commodities: timber, fish, palm oil, cocoa, copra

Exports - partners: Japan 50%, Spain 16%, United Kingdom, Thailand 5% (1996)

Imports: $160 million (c.i.f., 1998 est.)

Imports - commodities: plant and equipment, manufactured goods, food and live animals, fuel

Imports - partners: Australia 42%, Japan 10%, Singapore 9%, New Zealand 8%, United States 5% (1996)

Debt - external: $135 million (1997)

Economic aid - recipient: $46.4 million (1995)

Currency: 1 Solomon Islands dollar (SI$) = 100 cents

Exchange rates: Solomon Islands dollars (SI$) per US$1 - 5.0745 (January 2000), 4.8381 (1999), 4.8156 (1998), 3.5664 (1997), 3.4059 (1995)

Fiscal year: calendar year