Economy of Solomon Islands

Economy of Solomon Islands
Statistics
GDP	$1.601 billion (nominal, 2023); $1.412 billion (PPP, 2018);
GDP growth	3.9% (2018) 2.7% (2019e); −6.7% (2020f) −0.3% (2021f);
GDP per capita	$2,187 (nominal, 2023 est.); $2,251 (PPP, 2018 est.);
Inflation (CPI)	2.664% (2018)
Human Development Index	0.564 medium (2022) (153rd); N/A IHDI (2018);
	Main data source: CIA World Fact Book ; All values, unless otherwise stated, are in US dollars.

A per capita GDP of $3,200 ranks Solomon Islands as a lesser developed nation.^[5]^[6] Over 75% of its labour force is engaged in subsistence farming and fishing.

^ ^a ^b ^c ^d ^e "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 21 October 2019.
^ Global Economic Prospects, June 2020. World Bank. 2020. p. 74. doi:10.1596/978-1-4648-1553-9. ISBN 978-1-4648-1553-9. Retrieved 10 June 2020. {{cite book}}: |website= ignored (help)
^ "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
^ "Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.
^ The Case for a Legislative Budget Office in the Solomon Islands. Social Science Research Network (SSRN). Accessed 18 July 2017.
^ Solomon Islands: Case for Legislative Budget Office. Development Policy Institute (Devpolicy). Accessed 18 July 2017.

[IMFWEOSB-1] "World Economic Outlook Database, October 2019". IMF.org. International Monetary Fund. Retrieved 21 October 2019.

[2] Global Economic Prospects, June 2020. World Bank. 2020. p. 74. doi:10.1596/978-1-4648-1553-9. ISBN 978-1-4648-1553-9. Retrieved 10 June 2020. {{cite book}}: |website= ignored (help)

[3] "Human Development Index (HDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.

[4] "Inequality-adjusted Human Development Index (IHDI)". hdr.undp.org. HDRO (Human Development Report Office) United Nations Development Programme. Retrieved 11 December 2019.

[5] The Case for a Legislative Budget Office in the Solomon Islands. Social Science Research Network (SSRN). Accessed 18 July 2017.

[6] Solomon Islands: Case for Legislative Budget Office. Development Policy Institute (Devpolicy). Accessed 18 July 2017.

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Statistics
GDP	$1.601 billion (nominal, 2023)^[1] $1.412 billion (PPP, 2018)^[1]
GDP growth	3.9% (2018) 2.7% (2019e) −6.7% (2020f) −0.3% (2021f)^[2]
GDP per capita	$2,187 (nominal, 2023 est.)^[1] $2,251 (PPP, 2018 est.)^[1]
Inflation (CPI)	2.664% (2018)^[1]
Human Development Index	0.564 medium (2022)^[3] (153rd) N/A IHDI (2018)^[4]
Main data source: *CIA World Fact Book* All values, unless otherwise stated, are in US dollars.