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Solomon Islands

Headline economic indicators for Solomon Islands, with the most recent official readings.

Prices

Prices — Solomon Islands
Indicator Value Change
Inflation rate · 3.4% -0.96 (-22.1%)
Consumer price index · 164.9 +5.37 (+3.4%)
GDP deflator inflation · 5.0% +1.91 (+62.2%)

GDP

GDP — Solomon Islands
Indicator Value Change
GDP growth rate · 3.6% +0.62 (+20.7%)
GDP per capita · 2,086.19 +152.63 (+7.9%)
GDP · 1,749,572,442.95 +165,607,739 (+10.5%)
GDP, PPP · 2,337,820,693 +143,090,105 (+6.5%)
GDP per capita, PPP · 2,788 +108.50 (+4.0%)
GDP per capita growth · 1.2% +0.63 (+107.8%)
GNI per capita · 2,020 +110.00 (+5.8%)
Agriculture to GDP · 29.7% -0.80 (-2.6%)
Industry to GDP · 23.4% +1.89 (+8.8%)
Manufacturing to GDP · 10.1% -0.07 (-0.7%)
Services to GDP · 46.9% -1.04 (-2.2%)
Household consumption to GDP · 81.9% +4.87 (+6.3%)
Gross capital formation to GDP · 19.5% -1.77 (-8.3%)
Gross savings to GDP · 1.1% -4.63 (-81.1%)

Labour

Labour — Solomon Islands
Indicator Value Change
Unemployment rate · 1.4% -0.01 (-0.9%)
Labour force participation rate · 84.3% +0.02 (+0.0%)
Female labour force participation rate · 82.3% +0.01 (+0.0%)
Youth unemployment rate · 2.8% -0.18 (-6.0%)
Employment to population ratio · 83.1% +0.03 (+0.0%)
Employment in agriculture · 42.5% -0.28 (-0.7%)
Employment in industry · 7.6% -0.06 (-0.7%)
Employment in services · 50.0% +0.34 (+0.7%)

Money

Money — Solomon Islands
Indicator Value Change
Real interest rate · 5.8% -6.37 (-52.3%)
Broad money to GDP · 54.9% +7.04 (+14.7%)
Private sector credit to GDP · 31.5% -2.17 (-6.4%)
Lending rate · 5.2% -5.51 (-51.5%)
Bank deposit rate · 0.4% -0.05 (-10.3%)
Bank nonperforming loans · 11.6% +2.17 (+23.1%)
Official exchange rate · 8.33 -0.13 (-1.5%)

Trade

Trade — Solomon Islands
Indicator Value Change
Current account to GDP · -4.2% +7.65 (+64.7%)
Exports to GDP · 40.6% +4.31 (+11.9%)
Imports to GDP · 70.8% +5.91 (+9.1%)
Trade to GDP · 111.4% +10.22 (+10.1%)
Exports of goods and services · 642,590,820.21 +96,480,495 (+17.7%)
Imports of goods and services · 1,121,200,955.29 +144,099,251 (+14.7%)
Trade balance, goods and services (annual) · -214,251,464.11 +123,334,518 (+36.5%)
Current account balance (annual) · -66,230,866.34 +111,966,171 (+62.8%)
Foreign direct investment to GDP · 3.8% +1.76 (+84.8%)
Remittances received to GDP · 6.0% +0.40 (+7.0%)
Total reserves, including gold · 685,807,870.56 -2,412,196 (-0.4%)
Reserves in months of imports · 8.9 -0.03 (-0.3%)
External debt to GNI · 33.8% +2.52 (+8.0%)

Government

Government — Solomon Islands
Indicator Value Change
Government debt to GDP · 26.0% +3.66 (+16.4%)
Government revenue to GDP · 25.4% +0.29 (+1.2%)
Government expense to GDP · 28.9% -1.49 (-4.9%)
Tax revenue to GDP · 23.3% +0.28 (+1.2%)
Government budget balance to GDP · -1.9% +2.33 (+54.9%)
Government consumption to GDP · 26.2% -1.64 (-5.9%)
Education spending to GDP · 8.3% -0.19 (-2.3%)
Health spending to GDP · 5.4% +0.54 (+11.2%)

Demography

Demography — Solomon Islands
Indicator Value Change
Population · 838,645 +19,447 (+2.4%)
Population growth · 2.3% -0.02 (-1.0%)
Life expectancy · 70.7 +0.17 (+0.2%)
Fertility rate · 3.51 -0.04 (-1.2%)
Birth rate · 26.7 -0.23 (-0.8%)
Death rate · 5.1 -0.06 (-1.1%)
Urban population share · 31.3% +0.65 (+2.1%)
Population aged 65 and over · 3.7% +0.03 (+0.8%)
Under-five mortality rate · 20.0 -0.60 (-2.9%)
Population density · 29.3 +0.69 (+2.4%)
Net migration · 1,631 +21.00 (+1.3%)
Gini index · 37.1 -9.00 (-19.5%)

Economies nearby

Comparable readings from neighbouring economies.