22 Aug 2017

Solomons needs to create 10,000 jobs every year - Chamber

From , 3:03 pm on 22 August 2017

The chair of the Solomon Islands' Chamber of Commerce and Industry is calling on government and the private sector to focus on creating 10,000 new jobs every year to keep up with a rapidly growing population.

Jay Bartlett says Solomon Islands population is growing at a rate of 2.3 percent and by 2050 will have doubled its population of around 650 thousand people.

According to the World Bank in 2016 Solomon Islands had the highest rate of unemployment in the world at 31.4 percent.

The central bank says only 26 percent of the population of more than 650 thousand people have bank accounts and less than 20 percent are registered taxpayers.

Jay Bartlett says 7 out of every 10 Solomon Islanders are under 30 and the country's main focus should be on creating jobs.

Mr Bartlett this week signed a grant agreement with the ministry of women and youth to establish a Young Entrepreneurs Council which he hopes will be help young people turn innovative ideas into business opportunities.

No caption

Photo: Today Solomons Magazine