Attribute | Value |
---|---|
Geography | |
Area | 28,896 km² |
Continent | Australia |
Land area | 27,986 km² |
Water area | 910 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 5,313 km |
Mean elevation | Add |
Lowest point | 0 m |
Highest point | 2,335 m |
People | |
Population | 685,097 |
Official languages |
|
Religion | Protestant |
Government | |
Long country name | Add |
Short country name | Solomon Islands |
Long local name | Add |
Short local name | Solomon Islands |
Former name |
|
Government type | Parliamentary democracy |
Capital | Honiara |
Economy | |
GDP (PPP) | 1,330,000,000 USD |
GDP (OER) | 1,298,000,000 USD |
GDP (real growth rate) | 3.5 % |
GDP - per capita (PPP) | 2,200 USD |
Gross national saving | 13.1 % of GDP |
Labor force | 202,500 |
Unemployment rate | Add |
Population below poverty line | Add |
Budget revenues | 532,500,000 USD |
Budget expenditures | 570,500,000 USD |
Military expenditures | Add |
Taxes and other revenues | 41 % of GDP |
Budget surplus or deficit | -2.9 % of GDP |
Public debt | 9.4 % of GDP |
Inflation rate | 0.5 % |
Central bank discount rate | Add |
Commercial bank prime lending rate | 10.7 % |
Stock of narrow money | 499,800,000 USD |
Stock of broad money | 499,800,000 USD |
Stock of domestic credit | 152,600,000 USD |
Market value of publicly traded shares | Add |
Current account balance | -54,000,000 USD |
Exports | 468,600,000 USD |
Imports | 462,100,000 USD |
Reserves of foreign exchange and gold | 0 USD |
External debt | 757,000,000 USD |
National currency | Solomon Islands dollars |
National currency (code) | SBD |
National currency (symbol) | $ |
National currency rate to USD | 7.9 |
The UK established a protectorate over the Solomon Islands in the 1890s. Some of the bitterest fighting of World War II occurred on this archipelago and the Guadalcanal Campaign (August 1942-February 1943) proved a turning point in the Pacific War, since after the operation the Japanese lost their strategic initiative and remained on the defensive until thier final defeat in 1945. Self-government for the Solomon Islands came in 1976 and independence two years later. Ethnic violence, government malfeasance, endemic crime, and a narrow economic base have undermined stability and civil society. In June 2003, then Prime Minister Sir Allan KEMAKEZA sought the assistance of Australia in reestablishing law and order; the following month, an Australian-led multinational force arrived to restore peace and disarm ethnic militias. The Regional Assistance Mission to the Solomon Islands (RAMSI), which ended in June 2017, was generally effective in restoring law and order and rebuilding government institutions.