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
| Stat |  India |  Solomon Islands |
|---|---|---|
| GDP | $2.7T | $1.4B |
| GDP growth, 1 year | 7.1% | 3.4% |
| GDP growth, 5-years average | 7.6% | 3% |
| Population | 1.3B | 611k |
| GDP per capita | $2k | $2.1k |
| GDP per capita growth | 5.71% | 1.18% |
| Purchasing Power Parity conversion factor | 18.1 | 7.02 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.26 | 0.88 |
| 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
| Stat | India | Solomon Islands |
|---|---|---|
| Income Tax Rate | 30.9% | 40% |
| Corporate Tax Rate | 32.4% | 30% |
| Inflation, consumer prices | 3.5% | 1% |
| Inflation, GDP deflator | 4.1% | 3.5% |
| Unemployment | 2.6% | 1.8% |
| Economic Freedom Index | 56.5 | 52.9 |
| Personal Freedom Index | 6.96 | 6.1 |
| Human Freedom Index | 6.8 | 6.1 |
| Property Rights Index | 63 | 54.6 |
| Judical Effectiveness Index | 64.1 | 53.7 |
| Business Freedom Index | 65.6 | 67.7 |
| Fiscal Health Index | 13.1 | 76.6 |
| Labor Freedom Index | 41.2 | 72 |
| Investment Freedom Index | 40 | 15 |
| Financial Freedom Index | 40 | 30 |
| Trade Freedom Index | 73.4 | 48 |
| Monetary Freedom Index | 73 | 84.3 |
| Government Spending Index | 77.9 | 34.2 |
| Tax Burden Index | 79.4 | 65.6 |
| Government Integrity Index | 47.2 | 33.5 |
| Corruption Perceptions Index | 41 | 44 |
| Life expectancy at birth, years | 69.2 | 72.6 |
| Suicide mortality rate, per 100,000 people | 16.3 | 4.7 |
| Mortality caused by road traffic injury, per 100,000 people | 22.6 | 17.4 |
| Intentional homicides, per 100,000 people | 3.2 | 3.8 |
| International tourism, number of arrivals | 17.4M | 28k |
Government debt & reserves
| Stat | India | Solomon Islands |
|---|---|---|
| Central government debt, % of GDP | 69.8% | 12.1% |
| External debt stocks, % of GNI | 19.3% | 29.1% |
| External debt stocks | $521.4B | $388.5M |
| Short-term debt, % of total reserves | 26.1% | 7% |
| Total debt service, % of exports and primary income | 11.4% | 5.6% |
| Adjusted net savings including particulate emission damage, % of GNI | 16.3% | -13.3% |
| Gross savings, % of GDP | 30.9% | 3.2% |
| Gross capital formation, % of GDP | 31.3% | 14.6% |
| Total reserves including gold | $399.2B | $617.1M |
| Foreign direct investment net inflows | $42.1B | $12.1M |
Exports, imports and economic structure
| Stat | India | Solomon Islands |
|---|---|---|
| Exports of goods and services, % of GDP | 19.7% | 45.1% |
| Imports of goods and services, % of GDP | 23.6% | 53.3% |
| Current account balance (balance of payments) | -$65.6B | -$50.6M |
| Revenue excluding grants, % of GDP | 12.9% | 33.8% |
| Grants excluding technical cooperation, BoP | $689.4M | $153.5M |
| Personal remittances received | $78.8B | $19.3M |
| Industry including construction value added, % of GDP | 26.7% | N/A |
| Agriculture, forestry and fishing value added, % of GDP | 14.6% | 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 GDP | 14.9% | 31.9% |
| Government Expenditure, % of GDP | 27.1% | 46.8% |
