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Economy of Iran vs Solomon Islands compared: GDP & Debt

Updated on by Georank

Iran has a GDP of $363B compared to $1.75B for the Solomon Islands, ranking 44/197 and 183/197 by economy size, respectively.

Iran has $135B in government debt (37.3% of GDP), compared to $501M (28.7% of GDP) in the Solomon Islands.

Iran vs Solomon Islands GDP by year

Iran
Solomon Islands
1x
Year GDP, current $
Iran Solomon Islands
2025 $362,682,115,433 $1,749,572,443
2024 $475,252,089,215 $1,583,964,704
2023 $457,510,482,317 $1,506,124,566
2022 $422,662,261,526 $1,466,670,930
2021 $407,350,685,583 $1,558,312,104
2020 $280,934,329,280 $1,536,143,428
2019 $347,988,400,958 $1,619,150,564
2018 $411,903,303,606 $1,615,473,250
2017 $510,239,893,418 $1,469,790,526
2016 $478,618,064,871 $1,379,486,291
2015 $409,191,686,497 $1,307,908,814
2014 $462,284,793,281 $1,335,576,763
2013 $500,399,839,840 $1,285,905,958
2012 $644,019,315,004 $1,185,217,634
2011 $629,082,257,472 $1,063,898,227
2010 $487,069,570,464 $898,128,551
2009 $414,059,094,949 $805,557,289
2008 $406,070,949,554 $776,335,523
2007 $349,736,591,832 $695,291,218
2006 $265,602,187,404 $617,257,458
2005 $224,970,371,325 $552,881,357
2004 $187,754,571,248 $468,000,121
2003 $151,911,222,119 $417,666,639
2002 $128,626,917,504 $346,406,739
2001 $126,878,750,296 $409,508,553
2000 $109,591,707,802 $419,842,674
1999 $113,848,450,088 $488,024,514
1998 $110,276,913,363 $457,579,840
1997 $113,919,163,421 $526,554,006
1996 $120,403,931,885 $510,586,430
1995 $96,419,225,744 $469,443,202
1994 $71,841,461,173 $402,837,005
1993 $63,743,623,232 $300,746,361
1992 $119,768,691,217 $269,034,596
1991 $131,637,664,958 $227,540,473
1990 $124,813,263,926 $214,877,667
1989 $120,496,362,916 $172,882,411
1988 $123,057,861,334 $176,494,394
1987 $134,009,995,923 $155,128,542
1986 $209,094,561,833 $147,620,048
1985 $180,183,629,600 $165,524,943
1984 $162,276,728,620 $181,570,474
1983 $156,365,156,618 $181,220,399
1982 $125,948,756,439 $192,902,019
1981 $100,499,312,750 $193,750,541
1980 $94,362,275,580 $182,852,107
1979 $90,391,877,326 $151,276,496
1978 $77,994,316,621 $111,027,427
1977 $80,600,122,702 $93,145,283
1976 $68,055,295,081 $83,100,834
1975 $51,776,222,350 $74,620,320
1974 $46,209,092,072 $84,539,332
1973 $27,081,698,250 $55,272,109
1972 $17,153,463,263 $40,606,712
1971 $13,731,802,833 $50,056,883
1970 $10,976,245,154 -
1969 $9,743,089,607 $28,606,411
1968 $8,623,172,960 $28,084,253
1967 $7,555,383,690 $25,203,524
1966 $6,789,938,672 -
1965 $6,197,319,929 -
1964 $5,379,845,648 -
1963 $4,928,628,018 -
1962 $4,693,566,416 -
1961 $4,426,949,095 -
1960 $4,199,134,390 -

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

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

GDP per capita in Iran vs Solomon Islands by year

Iran
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,924 - $2,086 -
2024 $5,190 $19,874 $1,934 $2,675
2023 $5,049 $18,917 $1,883 $2,597
2022 $4,721 $17,546 $1,878 $2,496
2021 $4,605 $15,884 $2,043 $2,450
2020 $3,203 $15,119 $2,063 $2,405
2019 $3,997 $13,928 $2,224 $2,512
2018 $4,783 $15,324 $2,278 $2,494
2017 $6,001 $15,719 $2,144 $2,454
2016 $5,711 $15,195 $2,083 $2,421
2015 $4,953 $14,274 $2,045 $2,354
2014 $5,672 $16,065 $2,165 $2,377
2013 $6,223 $16,215 $2,161 $2,394
2012 $8,114 $17,021 $2,066 $2,320
2011 $8,026 $19,275 $1,924 $2,306
2010 $6,291 $18,628 $1,685 $2,182
2009 $5,416 $17,615 $1,555 $2,021
2008 $5,377 $17,549 $1,526 $1,989
2007 $4,688 $17,384 $1,390 $1,869
2006 $3,619 $15,907 $1,256 $1,786
2005 $3,132 $15,016 $1,144 $1,693
2004 $2,672 $14,425 $986 $1,556
2003 $2,209 $13,755 $896 $1,433
2002 $1,891 $12,554 $757 $1,344
2001 $1,881 $11,533 $912 $1,387
2000 $1,650 $11,187 $953 $1,503
1999 $1,740 $10,489 $1,134 $1,754
1998 $1,709 $10,285 $1,092 $1,785
1997 $1,790 $10,101 $1,292 $1,793
1996 $1,915 $9,916 $1,289 $1,830
1995 $1,550 $9,255 $1,220 $1,820
1994 $1,168 $8,951 $1,078 $1,668
1993 $1,038 $8,933 $829 $1,556
1992 $1,957 $8,888 $764 $1,505
1991 $2,194 $8,580 $666 $1,346
1990 $2,138 $7,566 $648 $1,266
1989 $2,125 - $538 -
1988 $2,234 - $567 -
1987 $2,513 - $515 -
1986 $4,064 - $506 -
1985 $3,634 - $586 -
1984 $3,395 - $665 -
1983 $3,397 - $686 -
1982 $2,845 - $756 -
1981 $2,393 - $786 -
1980 $2,368 - $768 -
1979 $2,352 - $658 -
1978 $2,101 - $500 -
1977 $2,243 - $434 -
1976 $1,954 - $401 -
1975 $1,532 - $372 -
1974 $1,409 - $433 -
1973 $851 - $291.3 -
1972 $555 - $219.5 -
1971 $457 - $277.1 -
1970 $377 - - -
1969 $345 - $165.9 -
1968 $314 - $166.9 -
1967 $283.7 - $153.5 -
1966 $262.9 - - -
1965 $247.5 - - -
1964 $221.7 - - -
1963 $209.6 - - -
1962 $205.8 - - -
1961 $200.1 - - -
1960 $195.6 - - -

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

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

Iran's GDP per capita is $3,924, ranking 135/197, compared to $2,086 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Iran Solomon Islands
Gross domestic product
$363B
2025
$1.75B
2025
GDP rank
44/197
2025
183/197
2025
GDP growth
-2.83%
2024-2025
3.62%
2024-2025
GDP per capita
$3,924
2025
$2,086
2025
GDP per capita rank
135/197
2025
157/197
2025
GDP per capita, PPP
$19,874
2024
$2,675
2024
GDP per capita PPP rank
97/197
2024
183/197
2024
Government debt
$135B
2025
$501M
2025
Debt-to-GDP ratio
37.3%
2025
28.7%
2025
Government debt per person
$1,463
2025
$598
2025
Government debt per person rank
133/185
2025
162/185
2025
Average annual personal income after taxes
$2,958
2026
$1,986
2026
Market capitalization of domestic companies
$186B
2025
n/a
Income share by richest 10%
28.2%
2023
29.2%
2012
Income share by poorest 10%
2.8%
2023
2.8%
2012
Government expenditure, % of GDP
13.4%
2025
40.6%
2025
Consumer prices inflation
42.2%
2024-2025
3.36%
2024-2025
Central bank interest rate
23%
2023
n/a
Unemployment rate
7.63%
2024
0.69%
2013
Population
93580141
868694

Spending and national debt comparison by year

Iran
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Iran Solomon Islands
Government spending Government debt Government spending Government debt
2025 13.4% 37.3% 40.6% 28.7%
2024 16% 31.2% 39.6% 26.1%
2023 12.8% 29.6% 44.2% 22.3%
2022 12.8% 34.5% 43.5% 16.5%
2021 13.4% 39.9% 36.9% 16.1%
2020 12.1% 47.1% 40.4% 9.15%
2019 13.6% 44.6% 35.6% 7.82%
2018 14.8% 41.6% 34.8% 7.95%
2017 16.4% 43.2% 40.4% 8.77%
2016 16.3% 45.9% 39.6% 7.54%
2015 14.1% 32.1% 41.5% 7.88%
2014 12.3% 10.9% 39.8% 10.1%
2013 11.5% 10.2% 41.8% 11.6%
2012 11.4% 11.7% 29.4% 13.3%
2011 14.6% 10.6% 26.7% 18.1%
2010 14.1% 12.8% 22.6% 21.6%
2009 15.7% 11.5% 22.7% 17.2%
2008 16.8% 10.6% 24.3% 26.1%
2007 14.2% 13.5% 21.1% 29.5%
2006 18.7% 15.2% 17.4% 36.9%
2005 17.9% 18.3% 14.7% 38.5%
2004 15.1% 21.1% 12.5% 49.4%
2003 15.7% 21.9% 12.6% 51.8%
2002 15.6% 23.4% 14.1% 55.5%
2001 13.6% 21% 15.3% 44.6%
2000 13.3% 18.2% 15.8% 37.4%
1999 15.7% 22.2% 15.8% 35.4%
1998 16.9% 29.6% 13.1% 33.3%
1997 17.4% 30.9% 16.3% 21.9%
1996 17.3% 29.3% 20.4% -
1995 21% 31.2% 20.8% -
1994 23% 41.7% 25.5% -
1993 27.2% 25.6% 28.1% -
1992 14.4% 25.2% 29.6% -
1991 14% 29.3% 33.2% -
1990 16.4% 37% 25.4% -
1989 20% 48.8% - -
1988 23.6% 53.2% - -
1987 18.6% 48.6% - -
1986 19% 47.4% - -
1985 21.6% 8.73% - -
1984 23.7% 10% - -
1983 27.5% 35.7% - -
1982 29.7% 47.7% - -
1981 33.7% 47.6% - -
1980 35.8% 35.5% - -
1979 - - - -
1978 - - - -
1977 - 9.23% - -
1976 - 6.92% - -
1975 - 8.81% - -
1974 - 6.68% - -
1973 - 12.8% - -
1972 - 12.7% - -
1971 - 14.2% - -
1970 - 14.1% - -
1969 - - - -
1968 23.6% - - -
1967 22.3% - - -
1966 20.5% - - -
1965 16.3% 14.9% - -
1964 15.4% 15.2% - -
1963 14.8% 12.4% - -
1962 15.6% 13.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-07-08).

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

In 2025, Iran's government spending was $48.7B, accounting for 13.4% of its GDP, while the Solomon Islands spent $711M, or 40.6% of GDP.

Debt-to-GDP ratio is 37.3% in Iran and 28.7% in the Solomon Islands, ranking 139/185 and 158/185, respectively.

Government deficit by year

Deficit/surplus
Iran

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Iran Solomon Islands
2025 -5.65% -3.24%
2024 -2.68% -2.09%
2023 -3.04% -4.13%
2022 -2.64% -2.7%
2021 -3.01% -1.82%
2020 -4.87% -2.44%
2019 -4.3% -1.52%
2018 -1.59% 1.49%
2017 -1.55% -2.27%
2016 -1.7% -3.56%
2015 -1.3% 0.81%
2014 -0.91% 2.13%
2013 -0.72% 3.57%
2012 -0.5% 4.63%
2011 -0.66% 6.14%
2010 -0.84% 5.67%
2009 -3.3% 2.15%
2008 -4.39% 1.75%
2007 -2.41% 13.7%
2006 -4.91% 11.3%
2005 -2.44% 11.5%
2004 -2.45% 14.5%
2003 -2.76% 8.91%
2002 -2.88% -3.67%
2001 0.02% -2.02%
2000 5.42% -2.47%
1999 -0.51% -0.27%
1998 -5.03% 4.25%
1997 -1.81% 1.8%
1996 -0.75% 3.15%
1995 -2.63% 2.69%
1994 -3.36% 3.65%
1993 -5.15% 2.07%
1992 -0.86% 3.48%
1991 -1.64% 0.12%
1990 -1.73% 0.49%
1989 -4.45% -
1988 -10.3% -
1987 -6.84% -
1986 -7.84% -
1985 -3.74% -
1984 -4.02% -
1983 -6.15% -
1982 -5.55% -
1981 -10.7% -
1980 -14.2% -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 -4.57% -
1967 -4% -
1966 -2.63% -
1965 -1.23% -
1964 -0.04% -
1963 0.26% -
1962 -1.39% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-07-08).

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

In 2025, Iran's government deficit, the difference between spending and revenue, was $20.5B, equivalent to 5.65% of GDP. This compares to the Solomon Islands' deficit of $56.6M, or 3.24% of GDP.

Over the past 36 years, Iran recorded a fiscal deficit in 34 of those years, while the Solomon Islands ran a deficit in 13 years. On average, Iran posted an annual deficit equal to 2.21% of GDP, compared to surplus of 2.16% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Iran

Solomon Islands
1x
Year Consumer prices inflation
Iran Solomon Islands
2025 42.2% 3.36%
2024 32.5% 4.32%
2023 44.6% 5.89%
2022 43.5% 5.52%
2021 43.4% -0.12%
2020 30.6% 2.96%
2019 39.9% 1.63%
2018 18% 3.46%
2017 8.04% 0.49%
2016 7.25% 0.51%
2015 12.5% -0.57%
2014 16.6% 5.17%
2013 36.6% 5.39%
2012 27.3% 5.91%
2011 26.3% 7.34%
2010 10.1% 1.05%
2009 13.6% 7.09%
2008 25.4% 17.3%
2007 17.3% 7.67%
2006 10% 11.2%
2005 13.4% 7.33%
2004 14.8% 6.99%
2003 16.5% 8.27%
2002 14.3% 10.9%
2001 11.3% 6.93%
2000 14.5% 7.89%
1999 20.1% 8.02%
1998 17.9% 12.4%
1997 17.3% 8.08%

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

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

Over the past 29 years, Iran has recorded an average annual inflation rate of 22.3%, compared with 5.95% in the Solomon Islands. In 2025, inflation was 42.2% in Iran and 3.36% in the Solomon Islands.

Balance of trade

Iran Solomon Islands
Current account balance
$12.5B
2000
-$66.2M
2024
Current account balance ranking
22/190
2000
78/190
2024
Current account balance, % of GDP
+11.4%
2000
-4.18%
2024
Goods imports
$15.2B
2000
$609M
2024
Goods exports
$28.3B
2000
$510M
2024
Service imports
$2.3B
2000
$248M
2024
Service exports
$1.38B
2000
$133M
2024
Imports of goods and services, % of GDP
34.5%
2025
70.8%
2024
Exports of goods and services, % of GDP
25.8%
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.

Iran Solomon Islands
Economic freedom 41.8 53.7
Economic freedom ranking 185/197 137/197
Property rights 20.2 55.8
Government integrity 16.2 42.7
Judicial effectiveness 18.7 59.1
Tax burden 81.3 71.3
Government spending 94.7 54.6
Fiscal health 83.3 83.3
Business freedom 37.4 52.3
Labor freedom 41.8 60.4
Monetary freedom 42.2 76.5
Trade freedom 55.8 43.6
Investment freedom 5 15
Financial freedom 5 30

Economic freedom comparison by year

Iran
Solomon Islands
1x
Year Economic freedom index
Iran Solomon Islands
2026 41.8 53.7
2025 42.5 56.3
2024 41.2 55
2023 42.2 56.9
2022 42.4 56.5
2021 47.2 56.5
2020 49.2 52.9
2019 51.1 54.6
2018 50.9 57.5
2017 50.5 55
2016 43.5 47
2015 41.8 47
2014 40.3 46.2
2013 43.2 45
2012 42.3 46.2
2011 42.1 45.9
2010 43.4 42.9
2009 44.6 46
2008 45 -
2007 45 -
2006 45 -
2005 50.5 -
2004 42.8 -
2003 43.2 -
2002 36.4 -
2001 35.9 -
2000 36.1 -
1999 36.8 -
1998 36 -
1997 34.5 -
1996 36.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Iran is 41.8, ranking 185/197, 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

Iran Solomon Islands
Services, % of GDP
47.1%
2025
46.9%
2024
Industry, % of GDP
39.6%
2025
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
10.6%
2025
29.7%
2024
GNI, Atlas method
$429B
2025
$1.7B
2025
GNI per capita, PPP
$19,660
2025
$2,790
2025
Total reserves including gold
$7.69B
1982
$686M
2024
Total reserves ranking
89/177
1982
148/177
2024
Net foreign direct investment
-$39M
2000
$19.9M
2024
Net inflows of foreign direct investment
$1.45B
2024
$33M
2024
Net outflows of foreign direct investment
$89.4M
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
1.64%
2024
Poverty at national poverty lines
18.7%
2020
12.7%
2012
Gross capital formation, % of GDP
41.8%
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/iran/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. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1996–2026, 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)
  8. Central Intelligence Agency (CIA) (2020, 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.