Azerbaijan vs the Solomon Islands: Economic Indicators Comparison

Azerbaijan with a GDP of $46.9B ranked the 88th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Azerbaijan and the Solomon Islands ranked 164th vs 90th and 110th vs 145th, respectively.

Gross Domestic Product & Income

StatAzerbaijanSolomon Islands
GDP$46.9B$1.4B
GDP growth, 1 year1.4%3.4%
GDP growth, 5-years average0.4%3%
Population10M611k
GDP per capita$4.7k$2.1k
GDP per capita growth0.51%1.18%
Purchasing Power Parity conversion factor0.447.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.88
GDP per capita, PPP adjusted$18k$2.2k
GNI, Atlas method$40.3B$1.3B
GNI per capita$4.1k$2k
GNI, PPP adjusted$170B$1.5B
GNI per capita, PPP adjusted$17k$2.3k

Financial system and Human development

StatAzerbaijanSolomon Islands
Income Tax Rate25%40%
Corporate Tax Rate20%30%
Inflation, consumer prices2.3%1%
Inflation, GDP deflator11.9%3.5%
Unemployment5.2%1.8%
Economic Freedom Index69.352.9
Personal Freedom Index6.736.1
Human Freedom Index6.446.1
Property Rights Index67.154.6
Judical Effectiveness Index53.953.7
Business Freedom Index80.867.7
Fiscal Health Index99.276.6
Labor Freedom Index66.272
Investment Freedom Index7015
Financial Freedom Index6030
Trade Freedom Index74.648
Monetary Freedom Index69.884.3
Government Spending Index6334.2
Tax Burden Index8865.6
Government Integrity Index38.733.5
Corruption Perceptions Index2544
Life expectancy at birth, years72.772.6
Suicide mortality rate, per 100,000 people2.64.7
Mortality caused by road traffic injury, per 100,000 people8.717.4
Intentional homicides, per 100,000 people23.8
International tourism, number of arrivals2.6M28k

Government debt & reserves

StatAzerbaijanSolomon Islands
Central government debt, % of GDP19.4%12.1%
External debt stocks, % of GNI36.4%29.1%
External debt stocks$16.2B$388.5M
Short-term debt, % of total reserves8.5%7%
Total debt service, % of exports and primary income10.5%5.6%
Adjusted net savings including particulate emission damage, % of GNI9.5%-13.3%
Gross savings, % of GDP33%3.2%
Gross capital formation, % of GDP20.1%14.6%
Total reserves including gold$6.7B$617.1M
Foreign direct investment net inflows$1.4B$12.1M

Exports, imports and economic structure

StatAzerbaijanSolomon Islands
Exports of goods and services, % of GDP54.3%45.1%
Imports of goods and services, % of GDP37.7%53.3%
Current account balance (balance of payments)$6.1B-$50.6M
Revenue excluding grants, % of GDP35.1%33.8%
Grants excluding technical cooperation, BoP$45.7M$153.5M
Personal remittances received$1.2B$19.3M
Industry including construction value added, % of GDP52.2%N/A
Agriculture, forestry and fishing value added, % of GDP5.3%35%
Charges for the use of intellectual property, payments BoP$28.2M$4.4M
Charges for the use of intellectual property, receipts BoP$28k$599k
Expense, % of GDP28%31.9%
Government Expenditure, % of GDP35.1%46.8%

Compare with countries close by GDP per capita

Azerbaijan vs

CountryGDP
per capita
Population
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
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
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
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

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