Jamaica vs the Solomon Islands: Economic Indicators Comparison

Jamaica with a GDP of $15.7B ranked the 122nd largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Jamaica and the Solomon Islands ranked 153rd vs 90th and 106th vs 145th, respectively.

Gross Domestic Product & Income

StatJamaicaSolomon Islands
GDP$15.7B$1.4B
GDP growth, 1 year1.4%3.4%
GDP growth, 5-years average1%3%
Population2.9M611k
GDP per capita$5.4k$2.1k
GDP per capita growth1.45%1.18%
Purchasing Power Parity conversion factor73.987.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.88
GDP per capita, PPP adjusted$9.4k$2.2k
GNI, Atlas method$14.6B$1.3B
GNI per capita$5k$2k
GNI, PPP adjusted$26.1B$1.5B
GNI per capita, PPP adjusted$8.9k$2.3k

Financial system and Human development

StatJamaicaSolomon Islands
Income Tax Rate25%40%
Corporate Tax Rate25%30%
Inflation, consumer prices3.7%1%
Inflation, GDP deflator4.8%3.5%
Unemployment9.5%1.8%
Economic Freedom Index68.552.9
Personal Freedom Index7.296.1
Human Freedom Index7.166.1
Property Rights Index62.154.6
Judical Effectiveness Index50.553.7
Business Freedom Index77.767.7
Fiscal Health Index80.276.6
Labor Freedom Index7472
Investment Freedom Index8015
Financial Freedom Index5030
Trade Freedom Index68.448
Monetary Freedom Index77.784.3
Government Spending Index74.834.2
Tax Burden Index8065.6
Government Integrity Index46.833.5
Corruption Perceptions Index4444
Life expectancy at birth, years74.372.6
Suicide mortality rate, per 100,000 people2.24.7
Mortality caused by road traffic injury, per 100,000 people13.617.4
Intentional homicides, per 100,000 people573.8
International tourism, number of arrivals2.5M28k

Government debt & reserves

StatJamaicaSolomon Islands
Central government debt, % of GDP99.4%12.1%
External debt stocks, % of GNI108%29.1%
External debt stocks$16.3B$388.5M
Short-term debt, % of total reserves56.4%7%
Total debt service, % of exports and primary income20.4%5.6%
Adjusted net savings including particulate emission damage, % of GNI15.9%-13.3%
Gross savings, % of GDP21.3%3.2%
Gross capital formation, % of GDP23.3%14.6%
Total reserves including gold$3.5B$617.1M
Foreign direct investment net inflows$774.6M$12.1M

Exports, imports and economic structure

StatJamaicaSolomon Islands
Exports of goods and services, % of GDP38%45.1%
Imports of goods and services, % of GDP51.1%53.3%
Current account balance (balance of payments)-$287.6M-$50.6M
Revenue excluding grants, % of GDP29.3%33.8%
Grants excluding technical cooperation, BoP$96.8M$153.5M
Personal remittances received$2.5B$19.3M
Industry including construction value added, % of GDP20.3%N/A
Agriculture, forestry and fishing value added, % of GDP6.6%35%
Charges for the use of intellectual property, payments BoP$50.8M$4.4M
Charges for the use of intellectual property, receipts BoP$5.3M$599k
Expense, % of GDP26.7%31.9%
Government Expenditure, % of GDP29%46.8%

Compare with countries close by GDP per capita

Jamaica vs

CountryGDP
per capita
Population
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M

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
India
$2k
1.33B
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