General profile: Solomon Islands

GENERAL INFORMATION FOR 2019
Population
Population
Exchange rates
Exchange rate
GDP
GDP
0.670 Millions
8.173 SBD/US$
1 297 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 27 990 km²
1.63 %
3.20 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-19.0 %
Merchandise exports growth rate in 2019
Total merchandise trade
(millions of US$)
2005
2010
2015
2019
Merchandise exports
103
224
400
461
Merchandise imports
185
404
466
(e) 590
Merchandise trade balance
-82
-181
-65
(e) -129
Export structure by product group in 2019
(as % of total exports)
2 %2 %8 %8 %70 %70 %20 %20 %
Top 5 partners in 2019
(exports, millions of US$)
3102826131231028261312
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2019
Services exports
41
92
105
(e) 128
Services imports
58
188
183
(e) 241
Services trade balance
-17
-96
-78
(e) -114
Services exports by main category²
(as % of total services)
2005
2010
2015
2019
Transport
19.2
35.0
25.2
(e) 24.5
Travel
3.7
47.2
48.5
(e) 54.6
Other services
77.0
17.8
26.3
(e) 20.9
TRADE INDICES
More data on UNCTADstat
1101341251141001021061079057455047383538322722319097103100100116102100103107100105117108108121120117110109
ECONOMIC TRENDS
More data on UNCTADstat
+3.2 %
Gross domestic product growth rate in 2019
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2019
GDP, current
429
720
1 059
1 297
GDP per capita, current US$
914
1 363
1 756
1 937
Real GDP growth, y-on-y, %
12.85
10.64
2.54
3.20
Current account balance, % of GDP
-21.00
-20.03
-3.41
-10.98
Exchange rate (/US$)
7.530
8.065
7.915
8.173
GDP by expenditure in 2018
(as % of total GDP)
51.335.716.154.361.651.335.716.154.361.6
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+0.4 %
FDI outflows as % of GDP in 2019
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2019
FDI inflows
18.58
165.92
31.60
30.14
FDI outflows
1.58
2.29
4.84
4.76
Personal remittances, % of GDP
..
1.98
1.75
1.49
Financial flows trends
(millions of US$)
19.319.316.120.318.616.320.620.716.914.312.59.112.6302543393222532412016649758644196-2-4-913FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2019
Balance, % of GDP
-22.56
-32.71
-9.43
(e) -13.32
Balance, % of imports
-39.86
-42.97
-16.11
(e) -23.32
Normalized balance
-0.249
-0.274
-0.088
(e) -0.132
Trade openness²
(sum of imports and exports as % of GDP)
10111110610410811411611712412088102989091
LABOUR FORCE
Labour force by gender in 2019
(as % of total labour force, all sectors)
Male
61%Male 61%Female
39%Female 39%
OTHER INDICATORS
More data on UNCTADstat
0 %
Share of the total world merchant fleet in 2019
Maritime transport indicators
 
2005
2010
2015
2019
Merchant fleet, national flag (thousands of DWT)
6
8
4
7
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
6.69
9.30
9.09
Container port throughput (TEU)
..
63 095
195 524
128 036
Information economy indicators
(as % of)
2005
2010
2015
2019
Share of ICT goods, % of total exports
..
..
0.00
..
Share of ICT goods, % of total imports
..
..
2.32
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
n
Estimated. Data refers to 2016.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 06 November 2020