[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109345-en":3,"doc-seo-109345-105":30,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":20,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},109345,4398048949847,"Eliana","https://ap-avatar.wpscdn.com/avatar/400002536579ef2da7f?_k=1778318612642679267",8,"Research & Report","Solomon Islands - Country Economic Memorandum - Unlocking New Sources of Economic Growth - Summary Report","The ‘Solomon Islands: Country Economic Memorandum – Unlocking New Sources of Economic Growth’ assesses barriers to sustainable development, emphasizing cross-cutting constraints tied to economic geography and private sector development. Prepared between February 2023 and March 2024, it also examines sector-specific limitations in high-growth areas including agriculture, fisheries, tourism, and labor mobility. The memorandum translates constraints into actionable policy recommendations aimed at unlocking new growth sources and narrowing development gaps.","Summary Report  \nAuthorized Pub l ic Disclosure Authorized  \nSolomon Islands: Country Economic Memorandum  \nUnlocking New Sources of Economic Growth  \nPub lic Disc losure Authorized  \nABSTRACT: The ‘Solomon Islands: Country Economic Memorandum – Unlocking New Sources of Economic Growth’ examines key barriers to sustainable economic development with a focus on cross-cutting challenges of economic geography and private sector development. Carried out from February 2023 to March 2024, the Country Economic Memorandum (CEM) also looks at constraints in sectors with high growth potential (i.e., agriculture, fisheries, tourism, and labor mobility). The CEM provides actionable policy recommendations to help overcome the identified barriers and unlock new sources of economic growth.  \nContext and Constraints  \nSolomon Islands is a small, remote archipelago that faces a unique set of development challenges, characterized by its economic geography and limited state capacity. A population of 721,000, dispersed across 90 inhabited islands, complicates public service delivery and makes the provision of infrastructure disproportionally costly. A small domestic economy, internal dispersion, and remoteness from large export markets limit private sector activity and international trade. Furthermore, natural disasters and the impacts of climate change pose a continuous threat to sustainable development. Finally, limited state capacity tends to constrain the design and implementation of effective public policies, resulting in large development gaps. To illustrate, in 2022 Solomon Islands was ranked 156th out of 193 countries on the Human Development Index.  \nEconomic growth in Solomon Islands has been slow and volatile, contributing to a widening gap in per capita incomes compared to peer countries. For much of its history, economic growth in Solomon Islands has been volatile, driven by developments in the primary sector. In 1999, the level of per capita income in Solomon Islands was 28 percent lower than the average of lower-middle-income countries and broadly equivalent to the average of its structural peers.1 However, the Tensions2 and slowing growth in the last decade have caused the gap in per capita incomes to persist. Notably, by 2022, Solomon Islands had still not bridged the gap created by the Tensions, with per capita incomes 5 percentage points lower than 1999 levels. Additionally, Solomon Islands had no convergence in per capita incomes with its peer countries. By 2022, per capita income was less than one-fifth of the level of aspirational peers, having been closer to one-third of per capita income pre-Tensions.  \nThe country’s historical growth driver, the logging sector, is in rapid decline, stressing the urgent need to unlock new sources of growth. Solomon Islands has a long history in logging, dating back to pre-independence. At its peak in 2016, three million cubic meters of round logs were harvested, accounting for 22 percent of GDP, 70 percent of goods exports, and 19 percent of domestic revenue. After years of unsustainable extraction, the sector is now in long-term decline as reserves of sizable logs have largely been depleted. In 2022, log production dropped to 1.6 million cubic meters, a halving of output in merely seven years. Solomon Islands therefore faces a pressing need to find new sources of economic growth to offset the decline in forestry. Outside logging, however, most other sectors are underdeveloped.  \nSolomon Islands faces both cross-cutting and sectoral growth constraints. The abovementioned economic geography constraints are further amplified by poor quality roads and maritime infrastructure, irregular shipping services, and limited digitalization. Furthermore, the rapid but uncontrolled migration to Honiara has delivered few economic benefits and places stress on residents and services. Private sector growth is limited due to land use issues, labor market skills shortages, and a lack of access to finance and ","cbCaitHDd9gx0teB","https://ap.wps.com/l/cbCaitHDd9gx0teB","pdf",543438,7,1,"English","en",105,"# Context and Constraints\n## Development challenges and state capacity\n## Historical growth performance and income gaps\n## Decline of the logging sector and the need for new growth\n# Growth Constraints Framework\n## Cross-cutting constraints (economic geography, connectivity, urban planning, private sector)\n## Sectoral constraints (agriculture, fisheries, tourism)","[{\"question\":\"What cross-cutting challenges does the memorandum highlight for Solomon Islands’ development?\",\"answer\":\"It points to economic geography and limited state capacity, along with constraints affecting private sector development and connectivity-related issues.\"},{\"question\":\"Which high-growth sectors does the report focus on besides cross-cutting barriers?\",\"answer\":\"It examines agriculture, fisheries, tourism, and labor mobility, addressing investment, productivity, infrastructure, and information constraints.\"},{\"question\":\"Why is finding new sources of growth urgent?\",\"answer\":\"The logging sector is in long-term decline after years of unsustainable extraction, reducing output and stressing the need to offset the decline in forestry.\"}]","Solomon Islands - Country Economic Memorandum - Unlocking New Sources of Economic Growth - Summary Report | PDF",1784478802,18,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":28},"solomon-islands-country-economic-memorandum-unlocking-new-sources-of-economic-growth-summary-report","",{"@graph":36,"@context":86},[37,54,69],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":53},"https://docshare.wps.com/document/solomon-islands-country-economic-memorandum-unlocking-new-sources-of-economic-growth-summary-report/109345/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":23,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":41,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-08-03","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What cross-cutting challenges does the memorandum highlight for Solomon Islands’ development?","Question",{"text":76,"@type":77},"It points to economic geography and limited state capacity, along with constraints affecting private sector development and connectivity-related issues.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"Which high-growth sectors does the report focus on besides cross-cutting barriers?",{"text":81,"@type":77},"It examines agriculture, fisheries, tourism, and labor mobility, addressing investment, productivity, infrastructure, and information constraints.",{"name":83,"@type":74,"acceptedAnswer":84},"Why is finding new sources of growth urgent?",{"text":85,"@type":77},"The logging sector is in long-term decline after years of unsustainable extraction, reducing output and stressing the need to offset the decline in forestry.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,120,123,128,131,135],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":46,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":46,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":46,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":117,"show_sort_weight":118,"slug":119},"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":46,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":46,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":132,"doc_module":4,"doc_module_name":46,"category_name":133,"show_sort_weight":132,"slug":134},10,"Lifestyle","lifestyle",{"id":136,"doc_module":4,"doc_module_name":46,"category_name":137,"show_sort_weight":107,"slug":138},19,"General","general"]