Grenada vs the Solomon Islands: Economic Indicators Comparison
The Solomon Islands with a GDP of $1.4B ranked the 182nd largest economy in the world, while Grenada ranked 183rd with $1.2B. By GDP per capita, the Solomon Islands and Grenada ranked 145th vs 70th, respectively.
Gross Domestic Product & Income
| Stat |  Grenada |  Solomon Islands |
|---|---|---|
| GDP | $1.2B | $1.4B |
| GDP growth, 1 year | 4.18% | 3.4% |
| GDP growth, 5-years average | N/A | 3% |
| Population | 108k | 611k |
| GDP per capita | $11k | $2.1k |
| GDP per capita growth | 3.64% | 1.18% |
| Purchasing Power Parity conversion factor | 1.85 | 7.02 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.68 | 0.88 |
| GDP per capita, PPP adjusted | $16k | $2.2k |
| GNI, Atlas method | $1.1B | $1.3B |
| GNI per capita | $9.7k | $2k |
| GNI, PPP adjusted | $1.6B | $1.5B |
| GNI per capita, PPP adjusted | $14k | $2.3k |
Financial system and Human development
| Stat | Grenada | Solomon Islands |
|---|---|---|
| Income Tax Rate | N/A | 40% |
| Corporate Tax Rate | N/A | 30% |
| Inflation, consumer prices | 0.8% | 1% |
| Inflation, GDP deflator | 1% | 3.5% |
| Unemployment | 22.9% | 1.8% |
| Economic Freedom Index | 63 | 52.9 |
| Personal Freedom Index | 6 | 6.1 |
| Human Freedom Index | 6 | 6.1 |
| Property Rights Index | N/A | 54.6 |
| Judical Effectiveness Index | N/A | 53.7 |
| Business Freedom Index | N/A | 67.7 |
| Fiscal Health Index | N/A | 76.6 |
| Labor Freedom Index | N/A | 72 |
| Investment Freedom Index | N/A | 15 |
| Financial Freedom Index | N/A | 30 |
| Trade Freedom Index | N/A | 48 |
| Monetary Freedom Index | N/A | 84.3 |
| Government Spending Index | N/A | 34.2 |
| Tax Burden Index | N/A | 65.6 |
| Government Integrity Index | N/A | 33.5 |
| Corruption Perceptions Index | 52 | 44 |
| Life expectancy at birth, years | 72.4 | 72.6 |
| Suicide mortality rate, per 100,000 people | 1.7 | 4.7 |
| Mortality caused by road traffic injury, per 100,000 people | 9.3 | 17.4 |
| Intentional homicides, per 100,000 people | 11.1 | 3.8 |
| International tourism, number of arrivals | 185k | 28k |
Government debt & reserves
| Stat | Grenada | Solomon Islands |
|---|---|---|
| Central government debt, % of GDP | N/A | 12.1% |
| External debt stocks, % of GNI | 58.8% | 29.1% |
| External debt stocks | $644.9M | $388.5M |
| Short-term debt, % of total reserves | 50.4% | 7% |
| Total debt service, % of exports and primary income | 8.4% | 5.6% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | -13.3% |
| Gross savings, % of GDP | N/A | 3.2% |
| Gross capital formation, % of GDP | N/A | 14.6% |
| Total reserves including gold | $233.8M | $617.1M |
| Foreign direct investment net inflows | $153.7M | $12.1M |
Exports, imports and economic structure
| Stat | Grenada | Solomon Islands |
|---|---|---|
| Exports of goods and services, % of GDP | 54.2% | 45.1% |
| Imports of goods and services, % of GDP | 55.2% | 53.3% |
| Current account balance (balance of payments) | -$116.3M | -$50.6M |
| Revenue excluding grants, % of GDP | N/A | 33.8% |
| Grants excluding technical cooperation, BoP | $250k | $153.5M |
| Personal remittances received | $48.5M | $19.3M |
| Industry including construction value added, % of GDP | 13.3% | N/A |
| Agriculture, forestry and fishing value added, % of GDP | 5.2% | 35% |
| Charges for the use of intellectual property, payments BoP | $9.3M | $4.4M |
| Charges for the use of intellectual property, receipts BoP | $56k | $599k |
| Expense, % of GDP | N/A | 31.9% |
| Government Expenditure, % of GDP | N/A | 46.8% |
