Population: 561 thousand in 20131
GDP: $1.10 billion in 20132
GDP per capita: $1,954 nominal3 ($2,068 PPP4) in 2013
GDP growth rate: 3.0% in 20135
GDP by Industry 20126
Industry sector | Value added ($ millions) 2012 | Percent of total |
Other activities | 359 | 41.5% |
Agriculture, hunting, forestry, fishing | 249 | 28.9% |
Wholesale, retail trade, restaurants and hotels | 90 | 10.4% |
Transport, storage and communication | 76 | 8.8% |
Manufacturing | 51 | 5.9% |
Construction | 19 | 2.2% |
Mining and utilities | 19 | 2.2% |
Total value added | 864 | 100% |
Unemployment rate: 3.8% in 20137
Employment by Industry 20008
Employment sector | Percent of total |
Agriculture | 75% |
Services | 20% |
Industry | 5% |
Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $3 billion (273% of GDP) in 201410
Household Wealth per Adult: $10,314 in 201410
Gini Coefficient: N/A
Central Government
Central Government Revenue: $427 million (39% of GDP) in 201311
Central Government Expenditure: $410 million (37% of GDP) in 201311
Central Government Budget Balance: +$17 million (+2% of GDP) in 201311
Central Government Public Debt: $123 million (11% of GDP) in Q4 2014* 12
Central Government 10 Year Bond Interest Rate: N/A
* Public debt calculated using the exchange rate 7.46 SBD = 1 USD
Government Funds
N/A
Tax Structure
Individual Income Tax Rates and Thresholds in 2013* 13
Corporate Tax Rate: 30% in 201414
* Individual tax thresholds calculated using the exchange rate 7.46 SBD = 1 USD
Money Supply (M1): $358 million (32% of GDP) in Jun 2014* 15
Benchmark Interest Rate: N/A
Total Reserves: $520 million (47% of GDP) in 201316
Exchange Rate: 7.46 Solomon Islander Dollar = 1 U.S. Dollar on Feb 24, 201517
Inflation: 5.4% in 201318
* Money supply calculated using the exchange rate 7.46 SBD = 1 USD
Top 10 Financial Institutions by Assets 201319
N/A (data not available at Relbanks.com)
Exports: $493 million (45% of GDP) in 201320
Imports: $446 million (41% of GDP) in 201320
Trade Balance: +$47 million (+4% of GDP) in 201320
Foreign Direct Investment Inflow: $44 million (4% of GDP) in 201321
Foreign Direct Investment Outflow: N/A
Foreign Aid Inflow: $305 million (28% of GDP) in 201222
Foreign Aid Outflow: N/A
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Central Bank of Solomon Islands, Reports and Publications, Government Debt Statistical Bulletin (Public debt) Go back
13. Source: Solomon Islands Government Income Tax Guide (Individual tax rates) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: Central Bank of Solomon Islands, Publications & Statisitics, Monthly Monetary Statistics, Monetary Aggregates (Money supply) Go back
16. Source: World Bank Indicators (Total reserves) Go back
17. Source: xe.com (Exchange rate) Go back
18. Source: World Bank Indicators (Inflation rate) Go back
19. Source: Relbanks.com (Financial institutions by assets) Go back
20. Source: CIA World Factbook (Trade data) Go back
21. Source: World Bank Indicators (FDI data) Go back
22. Source: World Bank Indicators (Aid data) Go back