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Economy of Eswatini vs Solomon Islands compared: GDP & Debt

Updated on by Georank

Eswatini has a GDP of $5.16B compared to $1.75B for the Solomon Islands, ranking 163/197 and 183/197 by economy size, respectively.

Eswatini has $2.31B in government debt (44.9% of GDP), compared to $501M (28.7% of GDP) in the Solomon Islands.

Eswatini vs Solomon Islands GDP by year

Eswatini
Solomon Islands
1x
Year GDP, current $
Eswatini Solomon Islands
2025 $5,160,679,613 $1,749,572,443
2024 $4,858,885,841 $1,583,964,704
2023 $4,621,191,262 $1,506,124,566
2022 $4,746,660,274 $1,466,670,930
2021 $4,807,069,277 $1,558,312,104
2020 $4,134,677,810 $1,536,143,428
2019 $4,617,018,959 $1,619,150,564
2018 $4,643,751,059 $1,615,473,250
2017 $4,462,640,651 $1,469,790,526
2016 $3,722,306,117 $1,379,486,291
2015 $3,908,217,914 $1,307,908,814
2014 $4,285,065,665 $1,335,576,763
2013 $4,463,396,204 $1,285,905,958
2012 $4,747,813,067 $1,185,217,634
2011 $4,722,912,047 $1,063,898,227
2010 $4,360,714,359 $898,128,551
2009 $3,525,213,502 $805,557,289
2008 $3,235,921,171 $776,335,523
2007 $3,391,122,887 $695,291,218
2006 $3,215,307,901 $617,257,458
2005 $3,097,946,371 $552,881,357
2004 $2,710,331,785 $468,000,121
2003 $2,149,632,433 $417,666,639
2002 $1,393,945,031 $346,406,739
2001 $1,502,870,486 $409,508,553
2000 $1,697,161,558 $419,842,674
1999 $1,547,888,496 $488,024,514
1998 $1,576,908,856 $457,579,840
1997 $1,716,714,070 $526,554,006
1996 $1,602,741,834 $510,586,430
1995 $1,698,989,464 $469,443,202
1994 $1,419,294,254 $402,837,005
1993 $1,357,189,552 $300,746,361
1992 $1,284,759,928 $269,034,596
1991 $1,156,135,718 $227,540,473
1990 $1,114,694,041 $214,877,667
1989 $696,921,542 $172,882,411
1988 $692,026,455 $176,494,394
1987 $584,126,092 $155,128,542
1986 $449,140,318 $147,620,048
1985 $360,079,419 $165,524,943
1984 $494,483,409 $181,570,474
1983 $555,336,146 $181,220,399
1982 $537,568,059 $192,902,019
1981 $570,774,825 $193,750,541
1980 $541,976,853 $182,852,107
1979 $412,093,134 $151,276,496
1978 $340,630,085 $111,027,427
1977 $304,060,076 $93,145,283
1976 $272,550,068 $83,100,834
1975 $288,299,789 $74,620,320
1974 $264,320,941 $84,539,332
1973 $221,915,128 $55,272,109
1972 $146,736,479 $40,606,712
1971 $136,462,081 $50,056,883
1970 $112,139,955 -
1969 $105,419,958 $28,606,411
1968 $79,799,968 $28,084,253
1967 $74,759,970 $25,203,524
1966 $76,859,969 -
1965 $70,279,972 -
1964 $64,980,554 -
1963 $54,129,438 -
1962 $45,927,962 -
1961 $43,026,043 -
1960 $35,076,846 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/solomon-islands | CC BY

GDP per capita in Eswatini vs Solomon Islands by year

Eswatini
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Eswatini Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,108 - $2,086 -
2024 $3,910 $11,799 $1,934 $2,675
2023 $3,756 $11,300 $1,883 $2,597
2022 $3,894 $10,635 $1,878 $2,496
2021 $3,984 $9,990 $2,043 $2,450
2020 $3,467 $9,329 $2,063 $2,405
2019 $3,913 $9,248 $2,224 $2,512
2018 $3,973 $8,535 $2,278 $2,494
2017 $3,853 $8,584 $2,144 $2,454
2016 $3,238 $8,484 $2,083 $2,421
2015 $3,420 $8,391 $2,045 $2,354
2014 $3,771 $8,366 $2,165 $2,377
2013 $3,950 $8,231 $2,161 $2,394
2012 $4,225 $7,760 $2,066 $2,320
2011 $4,225 $7,571 $1,924 $2,306
2010 $3,923 $7,324 $1,685 $2,182
2009 $3,190 $7,011 $1,555 $2,021
2008 $2,947 $6,914 $1,526 $1,989
2007 $3,109 $6,732 $1,390 $1,869
2006 $2,965 $6,319 $1,256 $1,786
2005 $2,871 $5,773 $1,144 $1,693
2004 $2,526 $5,310 $986 $1,556
2003 $2,015 $5,020 $896 $1,433
2002 $1,316 $4,742 $757 $1,344
2001 $1,430 $4,521 $912 $1,387
2000 $1,630 $4,401 $953 $1,503
1999 $1,502 $4,272 $1,134 $1,754
1998 $1,547 $4,137 $1,092 $1,785
1997 $1,705 $4,038 $1,292 $1,793
1996 $1,619 $3,916 $1,289 $1,830
1995 $1,751 $3,777 $1,220 $1,820
1994 $1,461 $3,526 $1,078 $1,668
1993 $1,397 $3,371 $829 $1,556
1992 $1,362 $3,289 $764 $1,505
1991 $1,273 $3,236 $666 $1,346
1990 $1,278 $3,202 $648 $1,266
1989 $832 - $538 -
1988 $865 - $567 -
1987 $765 - $515 -
1986 $611 - $506 -
1985 $510 - $586 -
1984 $726 - $665 -
1983 $843 - $686 -
1982 $843 - $756 -
1981 $925 - $786 -
1980 $908 - $768 -
1979 $714 - $658 -
1978 $610 - $500 -
1977 $563 - $434 -
1976 $521 - $401 -
1975 $568 - $372 -
1974 $536 - $433 -
1973 $463 - $291.3 -
1972 $315 - $219.5 -
1971 $301 - $277.1 -
1970 $254.2 - - -
1969 $245.2 - $165.9 -
1968 $190.4 - $166.9 -
1967 $182.8 - $153.5 -
1966 $192.7 - - -
1965 $181 - - -
1964 $171.6 - - -
1963 $146.4 - - -
1962 $127.1 - - -
1961 $121.8 - - -
1960 $101.6 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/solomon-islands | CC BY

Eswatini's GDP per capita is $4,108, ranking 131/197, compared to $2,086 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Eswatini ranks 126th at $11,799, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Eswatini Solomon Islands
Gross domestic product
$5.16B
2025
$1.75B
2025
GDP rank
163/197
2025
183/197
2025
GDP growth
4.19%
2024-2025
3.62%
2024-2025
GDP per capita
$4,108
2025
$2,086
2025
GDP per capita rank
131/197
2025
157/197
2025
GDP per capita, PPP
$11,799
2024
$2,675
2024
GDP per capita PPP rank
126/197
2024
183/197
2024
Government debt
$2.31B
2025
$501M
2025
Debt-to-GDP ratio
44.9%
2025
28.7%
2025
Government debt per person
$1,843
2025
$598
2025
Government debt per person rank
121/185
2025
162/185
2025
Average annual personal income after taxes
$4,770
2026
$1,986
2026
Market capitalization of domestic companies
$234M
2007
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
42.7%
2016
29.2%
2012
Income share by poorest 10%
1.4%
2016
2.8%
2012
Government expenditure, % of GDP
35.7%
2025
40.6%
2025
Consumer prices inflation
2.6%
2018-2019
3.36%
2024-2025
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
34.3%
2023
0.69%
2013
Population
1276995
868694

Spending and national debt comparison by year

Eswatini
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Eswatini Solomon Islands
Government spending Government debt Government spending Government debt
2025 35.7% 44.9% 40.6% 28.7%
2024 33.6% 40.1% 39.6% 26.1%
2023 31.5% 39.4% 44.2% 22.3%
2022 28.9% 39.5% 43.5% 16.5%
2021 29.3% 37.3% 36.9% 16.1%
2020 32.2% 37.7% 40.4% 9.15%
2019 32.8% 30.5% 35.6% 7.82%
2018 31.6% 26.5% 34.8% 7.95%
2017 33.6% 21.7% 40.4% 8.77%
2016 34% 20.1% 39.6% 7.54%
2015 34.5% 16% 41.5% 7.88%
2014 32.7% 14.1% 39.8% 10.1%
2013 28.8% 15.2% 41.8% 11.6%
2012 27.1% 14.8% 29.4% 13.3%
2011 25.1% 14.6% 26.7% 18.1%
2010 31.1% 14.2% 22.6% 21.6%
2009 33.9% 10.6% 22.7% 17.2%
2008 33.4% 14.6% 24.3% 26.1%
2007 30.4% 16.1% 21.1% 29.5%
2006 27.6% 14.7% 17.4% 36.9%
2005 29% 13.6% 14.7% 38.5%
2004 31% 15% 12.5% 49.4%
2003 25.9% 17.7% 12.6% 51.8%
2002 26.5% 17.2% 14.1% 55.5%
2001 25.6% 21.7% 15.3% 44.6%
2000 24.7% 18.2% 15.8% 37.4%
1999 25.8% 16.7% 15.8% 35.4%
1998 22% 15.6% 13.1% 33.3%
1997 20.7% 12.7% 16.3% 21.9%
1996 22.5% 11.5% 20.4% -
1995 19.9% 12.5% 20.8% -
1994 23.4% 13.1% 25.5% -
1993 23% 15% 28.1% -
1992 24.7% 16.6% 29.6% -
1991 19.6% 20.1% 33.2% -
1990 18.2% 20.4% 25.4% -
1989 15.8% 26.8% - -
1988 15.6% 27.5% - -
1987 17% 36.1% - -
1986 19.8% 44% - -
1985 22.3% 45.5% - -
1984 22.2% 29.7% - -
1983 23.2% 28.7% - -
1982 24% 29.2% - -
1981 23.8% 24.3% - -
1980 19.6% 27.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/solomon-islands | CC BY

In 2025, Eswatini's government spending was $1.84B, accounting for 35.7% of its GDP, while the Solomon Islands spent $711M, or 40.6% of GDP.

Debt-to-GDP ratio is 44.9% in Eswatini and 28.7% in the Solomon Islands, ranking 118/185 and 158/185, respectively.

Government deficit by year

Deficit/surplus
Eswatini

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Eswatini Solomon Islands
2025 -6.14% -3.24%
2024 -1.06% -2.09%
2023 -0.66% -4.13%
2022 -5.27% -2.7%
2021 -4.55% -1.82%
2020 -4.21% -2.44%
2019 -6.23% -1.52%
2018 -6.59% 1.49%
2017 -5.64% -2.27%
2016 -8.36% -3.56%
2015 -5.89% 0.81%
2014 -1.16% 2.13%
2013 0.57% 3.57%
2012 3.39% 4.63%
2011 -3.88% 6.14%
2010 -9.34% 5.67%
2009 -3% 2.15%
2008 1.58% 1.75%
2007 2.37% 13.7%
2006 8.67% 11.3%
2005 -1.66% 11.5%
2004 -3.97% 14.5%
2003 -2.11% 8.91%
2002 -3.69% -3.67%
2001 -2.24% -2.02%
2000 -1.19% -2.47%
1999 -1.23% -0.27%
1998 1.05% 4.25%
1997 2.06% 1.8%
1996 -0.97% 3.15%
1995 0.87% 2.69%
1994 -3.43% 3.65%
1993 -3.15% 2.07%
1992 -2.76% 3.48%
1991 3.28% 0.12%
1990 5.47% 0.49%
1989 5.82% -
1988 3.23% -
1987 2.03% -
1986 -2.41% -
1985 -1.33% -
1984 1.25% -
1983 -0.6% -
1982 0.11% -
1981 -4.29% -
1980 6.55% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/solomon-islands | CC BY

In 2025, Eswatini's government deficit, the difference between spending and revenue, was $317M, equivalent to 6.14% of GDP. This compares to the Solomon Islands' deficit of $56.6M, or 3.24% of GDP.

Over the past 36 years, Eswatini recorded a fiscal deficit in 26 of those years, while the Solomon Islands ran a deficit in 13 years. On average, Eswatini posted an annual deficit equal to 1.92% of GDP, compared to surplus of 2.16% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Eswatini

Solomon Islands
1x
Year Consumer prices inflation
Eswatini Solomon Islands
2025 - 3.36%
2024 - 4.32%
2023 - 5.89%
2022 - 5.52%
2021 - -0.12%
2020 - 2.96%
2019 2.6% 1.63%
2018 4.82% 3.46%
2017 6.22% 0.49%
2016 7.85% 0.51%
2015 4.95% -0.57%
2014 5.68% 5.17%
2013 5.62% 5.39%
2012 8.94% 5.91%
2011 6.11% 7.34%
2010 4.51% 1.05%
2009 7.45% 7.09%
2008 12.7% 17.3%
2007 8.08% 7.67%
2006 5.3% 11.2%
2005 4.77% 7.33%
2004 3.45% 6.99%
2003 7.29% 8.27%
2002 12% 10.9%
2001 5.94% 6.93%
2000 12.2% 7.89%
1999 6.09% 8.02%
1998 8.11% 12.4%
1997 7.13% 8.08%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/solomon-islands | CC BY

Over the past 23 years, Eswatini has recorded an average annual inflation rate of 6.86%, compared with 6.54% in the Solomon Islands. In 2019, inflation was 2.6% in Eswatini and 3.36% in the Solomon Islands.

Balance of trade

Eswatini Solomon Islands
Current account balance
$78.3M
2024
-$66.2M
2024
Current account balance ranking
65/190
2024
78/190
2024
Current account balance, % of GDP
+1.61%
2024
-4.18%
2024
Goods imports
$2.07B
2024
$609M
2024
Goods exports
$2.33B
2024
$510M
2024
Service imports
$542M
2024
$248M
2024
Service exports
$234M
2024
$133M
2024
Imports of goods and services, % of GDP
53.7%
2024
70.8%
2024
Exports of goods and services, % of GDP
53.8%
2024
40.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Eswatini Solomon Islands
Economic freedom 57.5 53.7
Economic freedom ranking 116/197 137/197
Property rights 42.5 55.8
Government integrity 29.7 42.7
Judicial effectiveness 35.5 59.1
Tax burden 78.6 71.3
Government spending 71 54.6
Fiscal health 87.5 83.3
Business freedom 49.9 52.3
Labor freedom 55.2 60.4
Monetary freedom 76.8 76.5
Trade freedom 73.6 43.6
Investment freedom 50 15
Financial freedom 40 30

Economic freedom comparison by year

Eswatini
Solomon Islands
1x
Year Economic freedom index
Eswatini Solomon Islands
2026 57.5 53.7
2025 56.4 56.3
2024 55.6 55
2023 54.9 56.9
2022 51.4 56.5
2021 55.1 56.5
2020 55.3 52.9
2019 54.7 54.6
2018 55.9 57.5
2017 61.1 55
2016 59.7 47
2015 59.9 47
2014 61.2 46.2
2013 57.2 45
2012 57.2 46.2
2011 59.1 45.9
2010 57.4 42.9
2009 59.1 46
2008 58.4 -
2007 60.1 -
2006 61.4 -
2005 59.4 -
2004 58.6 -
2003 59.6 -
2002 60.9 -
2001 63.6 -
2000 62.6 -
1999 62.1 -
1998 62 -
1997 59.4 -
1996 58.6 -
1995 63.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/solomon-islands | CC BY

The Economic Freedom Index for Eswatini is 57.5, ranking 116/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Eswatini Solomon Islands
Services, % of GDP
52.4%
2025
46.9%
2024
Industry, % of GDP
33.6%
2025
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
6.41%
2025
29.7%
2024
GNI, Atlas method
$4.69B
2025
$1.7B
2025
GNI per capita, PPP
$11,390
2025
$2,790
2025
Total reserves including gold
$537M
2024
$686M
2024
Total reserves ranking
157/177
2024
148/177
2024
Net foreign direct investment
-$11.8M
2024
$19.9M
2024
Net inflows of foreign direct investment
$75.5M
2024
$33M
2024
Net outflows of foreign direct investment
$63.8M
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
4.88%
2024
1.64%
2024
Poverty at national poverty lines
58.9%
2016
12.7%
2012
Gross capital formation, % of GDP
15%
2024
19.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/eswatini/solomon-islands | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1992, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.