Indicators of economy on the Solomon Islands

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP on the Solomon Islands, on the other hand, reached USD 2,305 per capita, or 1.63 billion USD for 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 purchasing power parity into account, then the Solomon Islands rank 167th in the list of the richest countries.

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

Compared with the USA, prices for daily consumer goods are around 5.9 percent lower.
The index for perceived corruption in the public sector is 43, which is below average by global standards.


Back to overview: Solomon Islands