Barbados vs the Solomon Islands: Economic Indicators Comparison

Barbados with a GDP of $5.1B ranked the 157th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Barbados and the Solomon Islands ranked 159th vs 90th and 50th vs 145th, respectively.

Gross Domestic Product & Income

StatBarbadosSolomon Islands
GDP$5.1B$1.4B
GDP growth, 1 year-0.5%3.4%
GDP growth, 5-years average0.7%3%
Population286k611k
GDP per capita$18k$2.1k
GDP per capita growth-0.64%1.18%
Purchasing Power Parity conversion factor1.937.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.970.88
GDP per capita, PPP adjusted$19k$2.2k
GNI, Atlas method$4.4B$1.3B
GNI per capita$15k$2k
GNI, PPP adjusted$4.7B$1.5B
GNI per capita, PPP adjusted$16k$2.3k

Financial system and Human development

StatBarbadosSolomon Islands
Income Tax Rate40%40%
Corporate Tax Rate5.5%30%
Inflation, consumer prices3.6%1%
Inflation, GDP deflator3.6%3.5%
Unemployment9.6%1.8%
Economic Freedom Index61.452.9
Personal Freedom Index8.226.1
Human Freedom Index7.216.1
Property Rights Index56.654.6
Judical Effectiveness Index36.153.7
Business Freedom Index69.467.7
Fiscal Health Index63.176.6
Labor Freedom Index6072
Investment Freedom Index7015
Financial Freedom Index6030
Trade Freedom Index56.648
Monetary Freedom Index77.984.3
Government Spending Index69.234.2
Tax Burden Index73.665.6
Government Integrity Index4433.5
Corruption Perceptions Index6844
Life expectancy at birth, years7972.6
Suicide mortality rate, per 100,000 people0.84.7
Mortality caused by road traffic injury, per 100,000 people5.617.4
Intentional homicides, per 100,000 people10.53.8
International tourism, number of arrivals680k28k

Government debt & reserves

StatBarbadosSolomon Islands
Central government debt, % of GDP124.5%12.1%
External debt stocks, % of GNIN/A29.1%
External debt stocksN/A$388.5M
Short-term debt, % of total reservesN/A7%
Total debt service, % of exports and primary incomeN/A5.6%
Adjusted net savings including particulate emission damage, % of GNI-6.8%-13.3%
Gross savings, % of GDP-0.5%3.2%
Gross capital formation, % of GDP11.3%14.6%
Total reserves including gold$431.8M$617.1M
Foreign direct investment net inflows$195.1M$12.1M

Exports, imports and economic structure

StatBarbadosSolomon Islands
Exports of goods and services, % of GDP42%45.1%
Imports of goods and services, % of GDP40.9%53.3%
Current account balance (balance of payments)-$248.2M-$50.6M
Revenue excluding grants, % of GDP26.7%33.8%
Grants excluding technical cooperation, BoP$13.8M$153.5M
Personal remittances received$108.3M$19.3M
Industry including construction value added, % of GDP14%N/A
Agriculture, forestry and fishing value added, % of GDP1.3%35%
Charges for the use of intellectual property, payments BoP$12.1M$4.4M
Charges for the use of intellectual property, receipts BoP$33.4M$599k
Expense, % of GDP35.2%31.9%
Government Expenditure, % of GDP32%46.8%

Compare with countries close by GDP per capita

Barbados vs

CountryGDP
per capita
Population
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M

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