A: Solomon Islands lies on the geographical coordinates of 8° 0' 0" S, 159° 0' 0" E.
Latitude and Longitude of Solomon Islands in other units:
|Latitude and Longitude to decimals||-8.0||159.0|
|Latitude and Longitude to degrees minutes seconds||8° 0' 0" S||159° 0' 0" E|
|Latitude/Longitude to UTM Reference|
|UTM Northing:9115702.14884412 Easting:500000.0 Zone:57M|
More detail about Solomon Islands
Solomon Islands Teetering From Another Setback
There have been a number of setbacks in the progress of the Solomon Islands and the global financial crisis was just one on the list. Prior to 1998, this nation was highly dependent on their timber exports but as of that year, the prices fell and the revenues for Solomon Islands fell.
In 2000, this nation experienced the tragedy of ethnic violence and this threw many other parts of the country?s system off. During this time, the palm oil and gold exports stopped and the exports of timber decreased dramatically. Now these forests are overexploited to a great degree. Even if the exports hadn?t dropped due to conflict and prices, there would be a problem with the management of the resource.
During the issues with the timber exports, the revenues that the government brought in decreased by almost a fifth and of half of the jobs in that field were lost. In 2001, the growth in forestry started again only for international demand to drop in 2009. Because of the global financial crisis, the Asian market dried up and Solomon Islands were left to cope once again with a damaged economy.
In 2003, with the RAMSI intervention, the government looked over its budget and its priorities. They consolidated their debts plus renegotiated them. They took on the assistance of Australia for this renegotiation process with the foreign obligations. There is still a lot of work to be done in this area and the negativity surrounding the economic climate has emphasized its instability.
There is some potential for growth in terms of the fishery in Solomon Islands. This is the best prospect and it will not just contribute to exports but it will also be very good for domestic trade. The only fish cannery in the country was closed due to the ethnic disputes but has now reopened under new management. The export of tuna has started up again. Only time will tell if this industry will give the extra boost to overcome the setbacks that keep moving in their direction.