Skip to content

Economy of Ethiopia vs Solomon Islands compared: GDP & Debt

Updated on by Georank

Ethiopia has a GDP of $126B compared to $1.75B for the Solomon Islands, ranking 66/197 and 183/197 by economy size, respectively.

Ethiopia has $54.4B in government debt (43.1% of GDP), compared to $501M (28.7% of GDP) in the Solomon Islands.

Ethiopia vs Solomon Islands GDP by year

Ethiopia
Solomon Islands
1x
Year GDP, current $
Ethiopia Solomon Islands
2025 $126,358,758,448 $1,749,572,443
2024 $149,740,297,952 $1,583,964,704
2023 $135,874,093,203 $1,506,124,566
2022 $123,140,304,665 $1,466,670,930
2021 $109,070,960,371 $1,558,312,104
2020 $98,676,811,062 $1,536,143,428
2019 $91,834,517,114 $1,619,150,564
2018 $83,337,901,072 $1,615,473,250
2017 $76,366,081,767 $1,469,790,526
2016 $68,475,871,210 $1,379,486,291
2015 $62,103,418,182 $1,307,908,814
2014 $55,612,228,234 $1,335,576,763
2013 $47,648,276,605 $1,285,905,958
2012 $43,310,721,414 $1,185,217,634
2011 $31,952,763,089 $1,063,898,227
2010 $29,933,790,334 $898,128,551
2009 $32,437,389,116 $805,557,289
2008 $27,066,912,635 $776,335,523
2007 $19,707,616,773 $695,291,218
2006 $15,280,861,835 $617,257,458
2005 $12,401,139,454 $552,881,357
2004 $10,131,187,261 $468,000,121
2003 $8,623,691,300 $417,666,639
2002 $7,850,809,498 $346,406,739
2001 $8,231,326,016 $409,508,553
2000 $8,242,349,618 $419,842,674
1999 $7,892,973,532 $488,024,514
1998 $8,013,274,132 $457,579,840
1997 $8,803,539,988 $526,554,006
1996 $8,761,215,548 $510,586,430
1995 $7,855,205,207 $469,443,202
1994 $7,100,806,754 $402,837,005
1993 $9,051,043,870 $300,746,361
1992 $10,754,799,037 $269,034,596
1991 $13,799,799,324 $227,540,473
1990 $12,478,943,895 $214,877,667
1989 $11,762,932,007 $172,882,411
1988 $11,181,119,718 $176,494,394
1987 $10,790,001,558 $155,128,542
1986 $10,094,328,898 $147,620,048
1985 $9,717,392,687 $165,524,943
1984 $8,298,309,581 $181,570,474
1983 $8,781,664,427 $181,220,399
1982 $7,899,988,841 $192,902,019
1981 $7,507,663,567 $193,750,541
1980 $7,012,585,454 $182,852,107
1979 $6,586,048,398 $151,276,496
1978 $6,014,961,435 $111,027,427
1977 $5,651,840,585 $93,145,283
1976 $4,943,806,093 $83,100,834
1975 $4,577,047,854 $74,620,320
1974 $4,577,209,966 $84,539,332
1973 $4,070,570,550 $55,272,109
1972 $3,520,252,938 $40,606,712
1971 $3,224,280,835 $50,056,883
1970 $3,045,354,455 -
1969 $2,768,987,372 $28,606,411
1968 $2,619,948,865 $28,084,253
1967 $2,461,762,003 $25,203,524
1966 $2,324,466,416 -
1965 $2,159,998,591 -
1964 $1,984,129,186 -
1963 $1,825,058,828 -
1962 $1,747,566,307 -
1961 $1,680,859,514 -
1960 $1,610,511,694 -

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

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

GDP per capita in Ethiopia vs Solomon Islands by year

Ethiopia
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ethiopia Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $933 - $2,086 -
2024 $1,134 $3,288 $1,934 $2,675
2023 $1,056 $3,061 $1,883 $2,597
2022 $982 $2,845 $1,878 $2,496
2021 $893 $2,588 $2,043 $2,450
2020 $830 $2,407 $2,063 $2,405
2019 $793 $2,242 $2,224 $2,512
2018 $740 $2,095 $2,278 $2,494
2017 $696 $2,005 $2,144 $2,454
2016 $642 $1,858 $2,083 $2,421
2015 $598 $1,633 $2,045 $2,354
2014 $550 $1,485 $2,165 $2,377
2013 $484 $1,253 $2,161 $2,394
2012 $452 $1,179 $2,066 $2,320
2011 $343 $1,098 $1,924 $2,306
2010 $331 $996 $1,685 $2,182
2009 $369 $899 $1,555 $2,021
2008 $316 $845 $1,526 $1,989
2007 $237.1 $770 $1,390 $1,869
2006 $189.3 $693 $1,256 $1,786
2005 $158.2 $625 $1,144 $1,693
2004 $133.2 $558 $986 $1,556
2003 $116.8 $493 $896 $1,433
2002 $109.6 $509 $757 $1,344
2001 $118.5 $509 $912 $1,387
2000 $122.3 $474 $953 $1,503
1999 $120.7 $450 $1,134 $1,754
1998 $126.5 $436 $1,092 $1,785
1997 $143.4 $461 $1,292 $1,793
1996 $147.3 $453 $1,289 $1,830
1995 $136.5 $409 $1,220 $1,820
1994 $127.7 $391 $1,078 $1,668
1993 $168.5 $384 $829 $1,556
1992 $207.4 $343 $764 $1,505
1991 $277.6 $383 $666 $1,346
1990 $262.1 $417 $648 $1,266
1989 $256.4 - $538 -
1988 $253.2 - $567 -
1987 $254.1 - $515 -
1986 $246 - $506 -
1985 $243.9 - $586 -
1984 $214.2 - $665 -
1983 $232.7 - $686 -
1982 $215.3 - $756 -
1981 $212.7 - $786 -
1980 $203.7 - $768 -
1979 $192.4 - $658 -
1978 $178.3 - $500 -
1977 $170.4 - $434 -
1976 $152 - $401 -
1975 $144.3 - $372 -
1974 $147.9 - $433 -
1973 $134.9 - $291.3 -
1972 $119.8 - $219.5 -
1971 $112.7 - $277.1 -
1970 $109.4 - - -
1969 $102.3 - $165.9 -
1968 $99.5 - $166.9 -
1967 $96.1 - $153.5 -
1966 $93.2 - - -
1965 $88.9 - - -
1964 $83.8 - - -
1963 $79.2 - - -
1962 $77.8 - - -
1961 $76.7 - - -
1960 $75.3 - - -

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

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

Ethiopia's GDP per capita is $933, ranking 182/197, compared to $2,086 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Ethiopia ranks 175th at $3,288, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Ethiopia Solomon Islands
Gross domestic product
$126B
2025
$1.75B
2025
GDP rank
66/197
2025
183/197
2025
GDP growth
9.77%
2024-2025
3.62%
2024-2025
GDP per capita
$933
2025
$2,086
2025
GDP per capita rank
182/197
2025
157/197
2025
GDP per capita, PPP
$3,288
2024
$2,675
2024
GDP per capita PPP rank
175/197
2024
183/197
2024
Government debt
$54.4B
2025
$501M
2025
Debt-to-GDP ratio
43.1%
2025
28.7%
2025
Government debt per person
$402
2025
$598
2025
Government debt per person rank
172/185
2025
162/185
2025
Average annual personal income after taxes
$2,030
2026
$1,986
2026
Income share by richest 10%
24.8%
2021
29.2%
2012
Income share by poorest 10%
3.5%
2021
2.8%
2012
Government expenditure, % of GDP
12%
2025
40.6%
2025
Consumer prices inflation
13.2%
2024-2025
3.36%
2024-2025
Unemployment rate
3.94%
2021
0.69%
2013
Population
140722974
868694

Spending and national debt comparison by year

Ethiopia
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Ethiopia Solomon Islands
Government spending Government debt Government spending Government debt
2025 12% 43.1% 40.6% 28.7%
2024 9.54% 33.4% 39.6% 26.1%
2023 10.8% 38.7% 44.2% 22.3%
2022 12.7% 46.9% 43.5% 16.5%
2021 13.8% 53.8% 36.9% 16.1%
2020 14.5% 53.2% 40.4% 9.15%
2019 15.4% 54.7% 35.6% 7.82%
2018 16.1% 58.4% 34.8% 7.95%
2017 18% 55.3% 40.4% 8.77%
2016 17.9% 51.8% 39.6% 7.54%
2015 17.3% 50.7% 41.5% 7.88%
2014 17.5% 44.2% 39.8% 10.1%
2013 17.8% 44.1% 41.8% 11.6%
2012 16.6% 39.4% 29.4% 13.3%
2011 18.2% 44.6% 26.7% 18.1%
2010 18.5% 39.4% 22.6% 21.6%
2009 17.1% 30% 22.7% 17.2%
2008 18.8% 56.1% 24.3% 26.1%
2007 20.5% 55.7% 21.1% 29.5%
2006 22.1% 79.6% 17.4% 36.9%
2005 22.9% 78.2% 14.7% 38.5%
2004 23.1% 103.1% 12.5% 49.4%
2003 27% 103.7% 12.6% 51.8%
2002 24.9% 107.4% 14.1% 55.5%
2001 22.4% 97.3% 15.3% 44.6%
2000 25.6% 93.6% 15.8% 37.4%
1999 26.8% 97.8% 15.8% 35.4%
1998 21.1% 89.3% 13.1% 33.3%
1997 17.9% 80.3% 16.3% 21.9%
1996 18.8% 132.8% 20.4% -
1995 17.4% 146.6% 20.8% -
1994 17.6% 155.2% 25.5% -
1993 13.8% 141% 28.1% -
1992 14.2% 87.9% 29.6% -
1991 17.3% 89.3% 33.2% -
1990 20.9% 91.6% 25.4% -
1989 24% 84.7% - -
1988 21.6% 84.3% - -
1987 18.4% 82.3% - -
1986 19.8% 75.7% - -
1985 19.7% 67.7% - -
1984 18.8% 65.4% - -
1983 21.3% 55.2% - -
1982 16.4% 48.8% - -
1981 14.2% 30.6% - -
1980 13.5% 18.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1991, retrieved 2026-07-08).

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

In 2025, Ethiopia's government spending was $15.2B, accounting for 12% of its GDP, while the Solomon Islands spent $711M, or 40.6% of GDP.

Debt-to-GDP ratio is 43.1% in Ethiopia and 28.7% in the Solomon Islands, ranking 122/185 and 158/185, respectively.

Government deficit by year

Deficit/surplus
Ethiopia

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Ethiopia Solomon Islands
2025 -1.19% -3.24%
2024 -1.99% -2.09%
2023 -2.6% -4.13%
2022 -4.16% -2.7%
2021 -2.77% -1.82%
2020 -2.76% -2.44%
2019 -2.53% -1.52%
2018 -3.03% 1.49%
2017 -3.24% -2.27%
2016 -2.3% -3.56%
2015 -1.95% 0.81%
2014 -2.58% 2.13%
2013 -1.93% 3.57%
2012 -1.17% 4.63%
2011 -1.61% 6.14%
2010 -1.32% 5.67%
2009 -0.93% 2.15%
2008 -2.88% 1.75%
2007 -3.57% 13.7%
2006 -3.79% 11.3%
2005 -4.12% 11.5%
2004 -2.65% 14.5%
2003 -5.59% 8.91%
2002 -5.76% -3.67%
2001 -3.76% -2.02%
2000 -8.88% -2.47%
1999 -8.54% -0.27%
1998 -3.65% 4.25%
1997 -1.76% 1.8%
1996 -3.93% 3.15%
1995 -2.76% 2.69%
1994 -5.39% 3.65%
1993 -4.12% 2.07%
1992 -4.92% 3.48%
1991 -6% 0.12%
1990 -6.86% 0.49%
1989 -4.33% -
1988 -3.48% -
1987 -3.54% -
1986 -3.98% -
1985 -4.71% -
1984 -3.69% -
1983 -7.59% -
1982 -3.6% -
1981 -2.19% -
1980 -2.56% -

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/ethiopia/solomon-islands | CC BY

In 2025, Ethiopia's government deficit, the difference between spending and revenue, was $1.5B, equivalent to 1.19% of GDP. This compares to the Solomon Islands' deficit of $56.6M, or 3.24% of GDP.

Over the past 36 years, Ethiopia recorded a fiscal deficit in 36 of those years, while the Solomon Islands ran a deficit in 13 years. On average, Ethiopia posted an annual deficit equal to 3.53% of GDP, compared to surplus of 2.16% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Ethiopia

Solomon Islands
1x
Year Consumer prices inflation
Ethiopia Solomon Islands
2025 13.2% 3.36%
2024 21% 4.32%
2023 30.2% 5.89%
2022 33.9% 5.52%
2021 26.8% -0.12%
2020 20.4% 2.96%
2019 15.8% 1.63%
2018 13.8% 3.46%
2017 10.7% 0.49%
2016 6.63% 0.51%
2015 9.57% -0.57%
2014 6.89% 5.17%
2013 7.46% 5.39%
2012 23.6% 5.91%
2011 33.2% 7.34%
2010 8.15% 1.05%
2009 8.48% 7.09%
2008 44.4% 17.3%
2007 17.2% 7.67%
2006 12.3% 11.2%
2005 9.97% 7.33%
2004 3.33% 6.99%
2003 13.7% 8.27%
2002 0.68% 10.9%
2001 -8.24% 6.93%
2000 0.66% 7.89%
1999 7.94% 8.02%
1998 0.89% 12.4%
1997 2.4% 8.08%

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

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

Over the past 29 years, Ethiopia has recorded an average annual inflation rate of 13.6%, compared with 5.95% in the Solomon Islands. In 2025, inflation was 13.2% in Ethiopia and 3.36% in the Solomon Islands.

Balance of trade

Ethiopia Solomon Islands
Current account balance
-$3.79B
2024
-$66.2M
2024
Current account balance ranking
154/190
2024
78/190
2024
Current account balance, % of GDP
-2.53%
2024
-4.18%
2024
Goods imports
$19.6B
2024
$609M
2024
Goods exports
$5.58B
2024
$510M
2024
Service imports
$5.51B
2024
$248M
2024
Service exports
$7.61B
2024
$133M
2024
Imports of goods and services, % of GDP
20.2%
2025
70.8%
2024
Exports of goods and services, % of GDP
13.3%
2025
40.6%
2024

Economic freedom indices

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

Ethiopia Solomon Islands
Economic freedom 48.1 53.7
Economic freedom ranking 171/197 137/197
Property rights 22.1 55.8
Government integrity 33.2 42.7
Judicial effectiveness 19.1 59.1
Tax burden 78.6 71.3
Government spending 96.4 54.6
Fiscal health 84.3 83.3
Business freedom 44.5 52.3
Labor freedom 37.8 60.4
Monetary freedom 53.7 76.5
Trade freedom 57.4 43.6
Investment freedom 30 15
Financial freedom 20 30

Economic freedom comparison by year

Ethiopia
Solomon Islands
1x
Year Economic freedom index
Ethiopia Solomon Islands
2026 48.1 53.7
2025 48.1 56.3
2024 47.9 55
2023 48.3 56.9
2022 49.6 56.5
2021 51.7 56.5
2020 53.6 52.9
2019 53.6 54.6
2018 52.8 57.5
2017 52.7 55
2016 51.5 47
2015 51.5 47
2014 50 46.2
2013 49.4 45
2012 52 46.2
2011 50.5 45.9
2010 51.2 42.9
2009 53 46
2008 52.5 -
2007 53.6 -
2006 50.9 -
2005 51.1 -
2004 54.5 -
2003 48.8 -
2002 49.8 -
2001 48.9 -
2000 50.2 -
1999 46.7 -
1998 49.2 -
1997 48.1 -
1996 45.9 -
1995 42.6 -

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

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

The Economic Freedom Index for Ethiopia is 48.1, ranking 171/197, 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

Ethiopia Solomon Islands
Services, % of GDP
36.6%
2025
46.9%
2024
Industry, % of GDP
27.8%
2025
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
32.8%
2025
29.7%
2024
GNI, Atlas method
$151B
2025
$1.7B
2025
GNI per capita, PPP
$3,620
2025
$2,790
2025
Total reserves including gold
$3.78B
2024
$686M
2024
Total reserves ranking
113/177
2024
148/177
2024
Net foreign direct investment
-$4.02B
2024
$19.9M
2024
Net inflows of foreign direct investment
$4.02B
2024
$33M
2024
Net outflows of foreign direct investment
$0
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
0.91%
2024
1.64%
2024
Poverty at national poverty lines
33.1%
2021
12.7%
2012
Gross capital formation, % of GDP
20.1%
2025
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/ethiopia/solomon-islands | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (1980–1991, 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.