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Solomon Islands flag Solomon Islands Business Environment

Trade, commerce, and economic integration indicators

Overview

Business environment indicators for Solomon Islands, covering trade, commerce, foreign direct investment, corruption perceptions, and economic integration from the World Bank, OECD, IMF, and Transparency International.

Key Indicators

Domestic credit to private sector by banks (% of GDP)
19.4
2024 · Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
New business density (new registrations per 1,000 people ages 15-64)
1.2
2018 · The number of newly registered firms with limited liability per 1,000 working-age people (ages 15-64) per calendar year.
Time to obtain an electrical connection (days)
12.0
2015 · Average wait, in days, experienced to obtain electrical connection from the day this establishment applied for it to the day it received the service.
Average time to clear exports through customs (days)
6.3
2015 · Average number of days to clear direct exports through customs.
Firms visited or required meetings with tax officials (% of firms)
80.2
2015 · Percentage of firms that were visited or inspected by tax officials or were required to meet with them over the last year.
Corruption Perceptions Index
43.0 /100
2024 · Transparency International CPI score (0-100, higher = less corrupt)

Data Explorer

Import unit value index (2015 = 100)
128.5
2024 · World Bank
Insurance and financial services (% of service imports, BoP)
3.69680261861739
2024 · World Bank
Export unit value index (2015 = 100)
105
2024 · World Bank
Insurance and financial services (% of commercial service imports)
4.18819499916552
2024 · World Bank
Insurance and financial services (% of service exports, BoP)
0.858327796996826
2024 · World Bank
Domestic credit to private sector (% of GDP)
30.3110774744408
2024 · World Bank
Transport services (% of commercial service imports)
32.8350596724143
2024 · World Bank
Travel services (% of commercial service imports)
18.212298389122
2024 · World Bank
Trade in services (% of GDP)
21.6410303690354
2024 · World Bank
Merchandise trade (% of GDP)
77.0118735541076
2024 · World Bank
Merchandise exports (current US$)
488000000
2024 · World Bank
Insurance and financial services (% of commercial service exports)
0.927564885521798
2024 · World Bank
Computer, communications and other services (% of commercial service imports)
44.7644469392982
2024 · World Bank
Merchandise imports (current US$)
868000000
2024 · World Bank
Commercial service imports (current US$)
219269514.706713
2024 · World Bank
Domestic credit to private sector by banks (% of GDP)
19.3581106990663
2024 · World Bank
Travel services (% of commercial service exports)
22.8174303985761
2024 · World Bank
Transport services (% of commercial service exports)
48.8420081011034
2024 · World Bank
Commercial service exports (current US$)
122732386.991084
2024 · World Bank
Computer, communications and other services (% of commercial service exports)
27.4129966147987
2024 · World Bank

Frequently Asked Questions

Sources: World Bank · Last updated: 2025

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