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Indicators of economy on the Solomon Islands

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP on the Solomon Islands, on the other hand, reached USD 2.337 per capita, or 1.65 billion USD in the whole country. The Solomon Islands is currently at number 187 among the international economies and is therefore one of the less significant. If this is calculated per inhabitant taking into account the purchasing power parity, then the Solomon Islands is in the list of the world's richest countries in place 159.

Inflation on the Solomon Islands was in 2021 at around -0.12%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 5.9% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Solomon Islands

Impact of the Covid-19 pandemic

Overall, the gross domestic product on the Solomon Islands in 2020 decreased moderatly from 1.57 billion US Dollar to 1.55 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 1.5% is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 91 percent. The unemployment rate rose from 0.8 to 0.9 percent. The consumer inflation rate has risen from 1.6% previously to 3.0% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Solomon Islands
Total
Solomon Islands
per capita
EU
Total
EU
per capita
GDP1.65 bn USD2,336.97 USD17,088.62 tn USD33,228.68 USD
Gross national product1.62 bn USD2,303.03 USD16,776.12 tn USD32,621.03 USD


Development of gross domestic product in million US Dollar 1971 - 2021



Im- and Exports 2020

 Solomon Islands
Total
Solomon Islands
per capita
EU
Total
EU
per capita
Imports556.26 m USD790.15 USD8,916.24 bn USD17,337.55 USD
Exports428.83 m USD609.14 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in millions of USD 1975 - 2020

Exports
Imports



Solomon Islands: AirportsLargest airports and airlines on the Solomon IslandsThe 22 biggest airports and Solomon on the Solomon Islands with further information and data
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.
United States: Public HolidaysPublic holidays in the United States 2022-2026Statutory and inofficial holidays in the United States for 2022 to 2026