Armenia vs the Solomon Islands: Economic Indicators Comparison

Armenia with a GDP of $12.4B ranked the 136th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Armenia and the Solomon Islands ranked 56th vs 90th and 115th vs 145th, respectively.

Gross Domestic Product & Income

StatArmeniaSolomon Islands
GDP$12.4B$1.4B
GDP growth, 1 year5%3.4%
GDP growth, 5-years average3.9%3%
Population2.9M611k
GDP per capita$4.2k$2.1k
GDP per capita growth4.95%1.18%
Purchasing Power Parity conversion factor196.697.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.88
GDP per capita, PPP adjusted$10k$2.2k
GNI, Atlas method$12.5B$1.3B
GNI per capita$4.2k$2k
GNI, PPP adjusted$30.9B$1.5B
GNI per capita, PPP adjusted$10k$2.3k

Financial system and Human development

StatArmeniaSolomon Islands
Income Tax Rate26%40%
Corporate Tax Rate20%30%
Inflation, consumer prices2.5%1%
Inflation, GDP deflator2.6%3.5%
Unemployment17.7%1.8%
Economic Freedom Index70.652.9
Personal Freedom Index7.216.1
Human Freedom Index7.426.1
Property Rights Index60.754.6
Judical Effectiveness Index54.153.7
Business Freedom Index8167.7
Fiscal Health Index68.876.6
Labor Freedom Index72.572
Investment Freedom Index7515
Financial Freedom Index7030
Trade Freedom Index80.648
Monetary Freedom Index7684.3
Government Spending Index80.634.2
Tax Burden Index84.965.6
Government Integrity Index43.433.5
Corruption Perceptions Index3544
Life expectancy at birth, years74.872.6
Suicide mortality rate, per 100,000 people6.64.7
Mortality caused by road traffic injury, per 100,000 people17.117.4
Intentional homicides, per 100,000 people2.43.8
International tourism, number of arrivals1.7M28k

Government debt & reserves

StatArmeniaSolomon Islands
Central government debt, % of GDP48.5%12.1%
External debt stocks, % of GNI87.5%29.1%
External debt stocks$11B$388.5M
Short-term debt, % of total reserves50.2%7%
Total debt service, % of exports and primary income29.9%5.6%
Adjusted net savings including particulate emission damage, % of GNI1.5%-13.3%
Gross savings, % of GDP13.6%3.2%
Gross capital formation, % of GDP22.4%14.6%
Total reserves including gold$2.3B$617.1M
Foreign direct investment net inflows$254.1M$12.1M

Exports, imports and economic structure

StatArmeniaSolomon Islands
Exports of goods and services, % of GDP37.8%45.1%
Imports of goods and services, % of GDP53.5%53.3%
Current account balance (balance of payments)-$1.2B-$50.6M
Revenue excluding grants, % of GDP22.5%33.8%
Grants excluding technical cooperation, BoP$111.9M$153.5M
Personal remittances received$1.5B$19.3M
Industry including construction value added, % of GDP25%N/A
Agriculture, forestry and fishing value added, % of GDP13.7%35%
Charges for the use of intellectual property, payments BoPN/A$4.4M
Charges for the use of intellectual property, receipts BoPN/A$599k
Expense, % of GDP22.1%31.9%
Government Expenditure, % of GDP25.4%46.8%

Compare with countries close by GDP per capita

Armenia vs

CountryGDP
per capita
Population
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M

Solomon Islands vs

CountryGDP
per capita
Population
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M