Economy Solomon Islands
Economy - overview: The bulk of the population depends 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. However, severe ethnic violence, the closing of key business enterprises, and an empty government treasury have led to serious economic disarray, indeed near collapse. Tanker deliveries of crucial fuel supplies (including those for electrical generation) have become sporadic due to the government's inability to pay and attacks against ships. Telecommunications are threatened by the nonpayment of bills and by the lack of technical and maintenance staff many of whom have left the country.
GDP: purchasing power parity - $800 million (2001 est.)
GDP - real growth rate: -10% (2001 est.)
GDP - per capita: purchasing power parity - $1,700 (2001 est.)
GDP - composition by sector: agriculture: 42% industry: 11% services: 47% (2000 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 7.9% (2001 est.)
Labor force: 26,842