SOLOMON ISLANDS

Country risk rating

D4

HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD1.41bn (World ranking 188, World Bank 2018)
Population 0.65mn (World ranking 164, World Bank 2018)
Form of state Parliamentary democracy (Commonwealth)
Head of government Manasseh Sogavare (Prime Minister)
Next elections 2023, legislative
  • Ongoing Australian support in areas of security, as well as reforming the tax and legal systems
  • Increasing level of investment in the mining industry, which provides considerable opportunities
  • High operational risks for businesses, including natural disasters (flooding, earthquakes, rising sea level etc.) and corruption
  • Government instability, with frequent votes of no confidence
  • Unstable executive power that is unable to pass important reforms
  • Risks of ethnic violence and protests in the regions where there is no foreign police officer
  • Lack of infrastructure and qualified workforce
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