Building a Strong Middle Class in Asia

Investing in training and practical education will stimulate and diversify the job market in Asia - moving the poor into middle class. Watch Video

Connecting Solomon Islands by Sea

An innovative project is improving maritime services in Solomon Islands, shaping up to be a model for similar projects in the Pacific region. Read More

Asian Economies Bounce Back

Developing country economies in Asia are returning to strong growth driven by rising consumption and intraregional trade. Read More

Growth Slows in the Pacific Region

Economic expansion has slowed in the Pacific region but there are bright spots on the horizon, according to a newly published report. Read More

Overview

Economic growth in the Solomon Islands moderated but remained strong in 2012, driven by ramped up mining activity. Further moderation in growth is expected over the next 2 years as forestry resources dwindle. To offset the decline of logging, the country needs to further develop other industries and revenue sources, as well as control the growth of government expenditure.

Creating an enabling environment for sustainable economic growth remains a challenge for Solomon Islands. ADB’s transport infrastructure assistance and related capacity building are widely acknowledged as vital for rehabilitating the economy and providing access to basic services.

Fast Facts

0.55 (2012)
Population in millions

2.3% (2010-2012)
Annual population growth rate

22.7% (2006)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
20.22 / 22.51
Agriculture (4)
 
8.91 / 9.92
Energy (2)
 
4.00 / 4.45
Finance (2)
 
26.00 / 28.95
Public Sector (2)
 
18.53 / 20.63
Transport and ICT (4)
 
1.65 / 1.84
Water Supply (1)
 
10.50 / 11.69
Multisector (2)
 
89.81 / 100.00
TOTAL (17)
Cumulative as of 31 December 2012