India vs the Solomon Islands: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, India and the Solomon Islands ranked 6th vs 90th and 150th vs 145th, respectively.

Gross Domestic Product & Income

StatIndiaSolomon Islands
GDP$2.7T$1.4B
GDP growth, 1 year7.1%3.4%
GDP growth, 5-years average7.6%3%
Population1.3B611k
GDP per capita$2k$2.1k
GDP per capita growth5.71%1.18%
Purchasing Power Parity conversion factor18.17.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.88
GDP per capita, PPP adjusted$7.9k$2.2k
GNI, Atlas method$2.7T$1.3B
GNI per capita$2k$2k
GNI, PPP adjusted$10.4T$1.5B
GNI per capita, PPP adjusted$7.7k$2.3k

Financial system and Human development

StatIndiaSolomon Islands
Income Tax Rate30.9%40%
Corporate Tax Rate32.4%30%
Inflation, consumer prices3.5%1%
Inflation, GDP deflator4.1%3.5%
Unemployment2.6%1.8%
Economic Freedom Index56.552.9
Personal Freedom Index6.966.1
Human Freedom Index6.86.1
Property Rights Index6354.6
Judical Effectiveness Index64.153.7
Business Freedom Index65.667.7
Fiscal Health Index13.176.6
Labor Freedom Index41.272
Investment Freedom Index4015
Financial Freedom Index4030
Trade Freedom Index73.448
Monetary Freedom Index7384.3
Government Spending Index77.934.2
Tax Burden Index79.465.6
Government Integrity Index47.233.5
Corruption Perceptions Index4144
Life expectancy at birth, years69.272.6
Suicide mortality rate, per 100,000 people16.34.7
Mortality caused by road traffic injury, per 100,000 people22.617.4
Intentional homicides, per 100,000 people3.23.8
International tourism, number of arrivals17.4M28k

Government debt & reserves

StatIndiaSolomon Islands
Central government debt, % of GDP69.8%12.1%
External debt stocks, % of GNI19.3%29.1%
External debt stocks$521.4B$388.5M
Short-term debt, % of total reserves26.1%7%
Total debt service, % of exports and primary income11.4%5.6%
Adjusted net savings including particulate emission damage, % of GNI16.3%-13.3%
Gross savings, % of GDP30.9%3.2%
Gross capital formation, % of GDP31.3%14.6%
Total reserves including gold$399.2B$617.1M
Foreign direct investment net inflows$42.1B$12.1M

Exports, imports and economic structure

StatIndiaSolomon Islands
Exports of goods and services, % of GDP19.7%45.1%
Imports of goods and services, % of GDP23.6%53.3%
Current account balance (balance of payments)-$65.6B-$50.6M
Revenue excluding grants, % of GDP12.9%33.8%
Grants excluding technical cooperation, BoP$689.4M$153.5M
Personal remittances received$78.8B$19.3M
Industry including construction value added, % of GDP26.7%N/A
Agriculture, forestry and fishing value added, % of GDP14.6%35%
Charges for the use of intellectual property, payments BoP$7.9B$4.4M
Charges for the use of intellectual property, receipts BoP$784.9M$599k
Expense, % of GDP14.9%31.9%
Government Expenditure, % of GDP27.1%46.8%

Compare with countries close by GDP per capita

India vs

CountryGDP
per capita
Population
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
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
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M

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
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
Cambodia
$1.5k
16M