Flag description: divided diagonally by a thin yellow stripe from the lower hoist-side corner; the upper triangle (hoist side) is blue with five white five-pointed stars arranged in an X pattern; the lower triangle is green
@Solomon Islands:Economy
Economy - overview: The bulk of the population depend on agriculture, fishing, and forestry for at least part of their livelihood. Most manufactured goods and petroleum products must be imported. The islands are rich in undeveloped mineral resources such as lead, zinc, nickel, and gold. Economic troubles in Southeast Asia led to a steep downturn in the timber industry, and economic output declined by about 10% in 1998. The government instituted public service pay cuts and other retrenchments. The economy partially recovered in 1999 on the strength of rising international gold prices and the first full year of the Gold Ridge mining operation. However, the closure of the country's major palm oil plantation in mid-year cast a shadow over future prospects.
GDP: purchasing power parity - $1.21 billion (1999 est.)
GDP - real growth rate: 3.5% (1999 est.)
GDP - per capita: purchasing power parity - $2,650 (1999 est.)
GDP - composition by sector: agriculture: 50% industry: 3.5% services: 46.5% (1995)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 10% (1999 est.)