Labor force | 382,000 (2023 est.) |
---|---|
Industrial production growth rate | 4.7% (2022 est.) |
Industries | fish (tuna), mining, timber |
Population below poverty line | |
Taxes and other revenues | 20.67% (of GDP) (2022 est.) |
Fiscal year | |
Exchange rates | |
Currency | Solomon Islands dollars (SBD) per US dollar - |
Exchange rates 2023 | 8.376 (2023 est.) |
Exchange rates 2022 | 8.156 (2022 est.) |
Exchange rates 2021 | 8.03 (2021 est.) |
Exchange rates 2020 | 8.213 (2020 est.) |
Exchange rates 2019 | 8.173 (2019 est.) |
Debt - external | |
Debt - external 2022 | $117.742 million (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2022 | $661.604 million (2022 est.) |
Reserves of foreign exchange and gold 2021 | $694.515 million (2021 est.) |
Reserves of foreign exchange and gold 2020 | $660.996 million (2020 est.) |
Current account balance | |
Current account balance 2023 | -$178.197 million (2023 est.) |
Current account balance 2022 | -$218.534 million (2022 est.) |
Current account balance 2021 | -$78.192 million (2021 est.) |
Public debt | |
Public debt 2022 | 15.39% of GDP (2022 est.) |
Budget | |
Revenues | $436.2 million (2022 est.) |
Expenditures | $423.726 million (2022 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 5.18% of GDP (2023 est.) |
Remittances 2022 | 5.18% of GDP (2022 est.) |
Remittances 2021 | 3.35% of GDP (2021 est.) |
Imports | |
Imports 2023 | $883.611 million (2023 est.) |
Imports 2022 | $764.641 million (2022 est.) |
Imports 2021 | $619.46 million (2021 est.) |
Imports (partners) | China 37%, Singapore 16%, Malaysia 12%, Australia 10%, NZ 4% (2022) |
Comodities Imports force | refined petroleum, plastic products, fish, iron structures, construction vehicles (2022) |
Exports | |
Imports 2023 | $883.611 million (2023 est.) |
Imports 2022 | $764.641 million (2022 est.) |
Imports 2021 | $619.46 million (2021 est.) |
Exports (partners) | China 51%, India 9%, Italy 8%, Australia 5%, Netherlands 4% (2022) |
Comodities Exports force | wood, fish, palm oil, gold, coconut oil (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $2.025 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $1.967 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $1.921 billion (2021 est.) |
GDP (official exchange rate) | $1.631 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $2,700 (2023 est.) |
Real GDP per capita 2022 | $2,700 (2022 est.) |
Real GDP per capita 2021 | $2,700 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 33.8% (2022 est.) |
Industry | 18.7% (2022 est.) |
Services | 47.3% (2022 est.) |
GDP - composition, by end use | |
Household consumption | 61.7% (2022 est.) |
Government consumption | 29.2% (2022 est.) |
Investment in fixed capital | 24.4% (2022 est.) |
Investment in inventories | -1% (2022 est.) NA |
Exports of goods and services | 26.3% (2022 est.) |
Imports of goods and services | -51.7% (2022 est.) |
Unemployment rate | |
Unemployment rate 2023 | 1.55% (2023 est.) |
Unemployment rate 2022 | 1.58% (2022 est.) |
Unemployment rate 2021 | 0.87% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 3% (2023 est.) |
Male | 2.6% (2023 est.) |
Female | 3.5% (2023 est.) |
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