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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 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP on the Solomon Islands reached 2.258 US dollars per inhabitant, or 1.55 bn US Dollar in the whole country. The Solomon Islands are currently ranked 185 among the international economies and are therefore one of the less significant. If this is calculated per inhabitant taking into account purchasing power parity, the Solomon Islands are placed on rank 154 in the list of the world's richest countries.

Inflation on the Solomon Islands was in 2020 at around 2.96%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices of daily necessities are approximately 6.23% higher.
The Corruption Perceptions Index for the public sector counts 42 and is compared to other countries bad.


Back to overview: Solomon Islands

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Solomon Islands
Total
Solomon Islands
per capita
EU
Total
EU
per capita
GDP1.55 bn USD2,258.40 USD15,192.65 tn USD29,499.72 USD
Gross national product1.58 bn USD2,302.79 USD16,012.29 tn USD31,091.23 USD


Development of gross domestic product in million US Dollar 1979 - 2020



Im- and Exports 2020

 Solomon Islands
Total
Solomon Islands
per capita
EU
Total
EU
per capita
Imports556.26 m USD809.84 USD7,314.16 bn USD14,201.97 USD
Exports428.83 m USD624.32 USD7,834.94 bn USD15,213.17 USD


Development of imports and exports in million US dollars 1979 - 2020

Exports
Imports



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