Includes historical data for Solomon Islands’ Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
Agriculture, Fishing, And Mining Power Economy
Formerly a British protectorate, the Solomon Islands is a parliamentary democracy within the Commonwealth realm. Situated in the southwest Pacific Ocean, this chain of islands boasts terrain ranging from ruggedly mountainous peaks to picturesque coral atolls, making it an increasingly popular tourist destination. With a population of about 800,000, exports primarily consist of minerals, timber, fish, palm oil and cocoa. The government extends incentives to attract foreign investors, focusing on key sectors such as agriculture, mining, fisheries, tourism and services.
However, the nation also grapples with bureaucratic sluggishness and regulatory inconsistency, an underdeveloped labor market, and limited access to credit, which stifles business initiatives. Additionally, the China-Solomon Islands security agreement signed in 2022, while potentially economically beneficial, has drawn criticism from the United States and its allies.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary democracy under a constitutional monarchy; a Commonwealth realm |
|---|---|
| Capital | Honiara |
| Sovereign Ratings |
S&P: Not rated Moody’s: B3 Fitch: Not rated |
| Total Population | 798,000 |
| Median Age | 20.7 |
| Adult Per Capita Income (PPP) | 4,889.31 |
| Total GDP (2025) | 1.9 billion |
Solomon Islands GDP & Economic Overview
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The Solomon Islands
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Banking & Finance
Trade & Investment
| Total Exports | USD 454.6 million (2024) |
|---|---|
| Leading Exports |
Wood Fish Gold Precious Metal Ore Palm Oil |
| Total Imports | USD 669.5 million (2024) |
| Leading Imports |
Refined Petroleum Plastic Products Fish Broadcasting Equipment Iron Structures |
| Source: | IMF, CIA The World Factbook |
Solomon Islands Leading Companies
| National Provident Fund (NPF) | Financials |
|---|---|
| Solomon Islands Telekom Company | Telecommunication Services |
| Solomon Islands Broadcasting Authority | Communication Services, Media |
| Solomon Breweries | Consumer Discretionary |
| Solomon Islands Tobacco Company | Consumer Staples, Tobacco |
| Solomon Airlines Limited (SAL) | Transportation, Airlines |
Major Trade Partners — Import
| Australia | 18.2% |
|---|---|
| Singapore | 16.3% |
| China | 14.9% |
| Malaysia | 12.9% |
| Other Asia | 7.2% |
Major Trade Partners — Export
| China | 66.8% |
|---|---|
| Italy | 7.2% |
| India | 5.1% |
| Switzerland | 2.4% |
| Thailand | 2.1% |
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000