The Solomon Islands has a diverse GDP composition with the services sector leading at 31.67%, followed by agriculture, hunting, forestry, and fishing at 26.87%. The wholesale, retail trade, restaurants, and hotels sector contributes 19.99%. Mining, manufacturing, and utilities account for 12.23%, with transport, storage, and communication at 6.25%, and construction at 2.99%. In 2023, significant year-on-year variations were observed, especially in the agriculture and services sectors, while the five-year CAGR demonstrated stable growth across sectors.
Future trends to watch in the Solomon Islands include:
- Potential growth in the mining sector due to increased investment.
- The influence of global trade dynamics on the retail and trade sectors.
- Sustainability impacts on agriculture and fisheries.
- Technological advancements in the services and communication sectors.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 31.67 | 2016 | |
| 2 | 2 Agriculture, hunting, forestry, fishing | 26.87 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 19.99 | 2016 | |
| 4 | 4 Mining, Manufacturing, Utilities | 12.23 | 2016 | |
| 5 | 5 Transport, storage and communication | 6.25 | 2016 | |
| 6 | 6 Construction | 2.99 | 2016 |
