Melanesian pidgin, English, 120 indigenous languages
Economic Overview
Key economic indicators for Solomon Islands
GDP:
$2.027 billion
GDP per Capita:
$2,500
GDP Growth:
3.08%
Inflation:
5.89%
Unemployment:
1.55%
Public Debt:
15.39% of GDP
Credit Rating:
B3 (2015)
Political System
Governance structure of Solomon Islands
Government Type:
parliamentary democracy under a constitutional monarchy; a Commonwealth realm
Head of State:
King CHARLES III (since 8 September 2022); represented by Governor General David Tiva KAPU (since 7 July 2024)
Head of Government:
Prime Minister Jeremiah MANELE (since 2 May 2024)
Judiciary:
Court of Appeal (consists of the court president and ex officio members including the High Court chief justice and its puisne judges); High Court (consists of the chief justice and puisne judges, as prescribed by the National Parliament)
Administrative Divisions:
9 provinces and 1 city*; Central, Choiseul, Guadalcanal, Honiara*, Isabel, Makira and Ulawa, Malaita, Rennell and Bellona, Temotu, Western
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
685 Third Avenue, 11th Floor, Suite 1102, New York, NY 10017
Major Alliances and Organizations
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
33.8% (2022 est.)
Industry
18.7% (2022 est.)
Services
47.3% (2022 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$546.025 million
Imports:
$883.611 million
Major Trading Partners
China 56
Australia 11
Italy 10
Spain 5
Netherlands 4
Economic Outlook
Solomon Islands has a 3.08% GDP growth rate with 5.89% inflation. The economy is characterized by a strong agriculture sector.