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Solomon Islands Economy 1997https://photius.com/wfb1997/solomon_islands/solomon_islands_economy.htmlSOURCE: 1997 CIA WORLD FACTBOOK Economy - overview The bulk of the population depend on subsistence agriculture, fishing,and forestry for at least part of their livelihood. Most manufactured goodsand petroleum products must be imported. The islands are rich in undevelopedmineral resources such as lead, zinc, nickel, and gold. The Government ofthe Solomon Islands is nearing financial insolvency. In mid-1995 the centralbank suspended interest and principal payments on government bonds and treasurybills held by financial institutions and the general public. The governmentso far has taken no steps to restrain expenditure or address the deficit,which is expected to be considerably higher than the $20 million forecastedin the 1996 budget. GDP purchasing power parity - $1.2 billion (1996 est.) GDP - real growth rate 4.5% (1996 est.) GDP - per capita purchasing power parity - $3,000 (1996 est.) GDP - composition by sector
Inflation rate - consumer price index 10.4% (1996) Labor force
Unemployment rate NA% Budget
Industries copra, fish (tuna) Industrial production growth rate NA% Electricity - capacity 20,000 kW (1994) Electricity - production 55 million kWh (1994) Electricity - consumption per capita NA kWh Agriculture - products cocoa, beans, coconuts, palm kernels, rice, potatoes, vegetables, fruit;cattle, pigs; timber; fish Exports
Imports
Debt - external $100 million (1995 est.) Economic aid
Currency 1 Solomon Islands dollar (SI$) = 100 cents Exchange rates Solomon Islands dollars (SI$) per US$1 - 3.7900 (November 1996), 3.4059(1995), 3.2914 (1994), 3.1877 (1993), 2.9281 (1992) Fiscal year
calendar year
NOTE: The information regarding Solomon Islands on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Solomon Islands Economy 1997 information contained here. All suggestions for corrections of any errors about Solomon Islands Economy 1997 should be addressed to the CIA. |