Japan vs the Solomon Islands: Economic Indicators Comparison

Japan with a GDP of $5T ranked the 3rd largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Japan and the Solomon Islands ranked 152nd vs 90th and 28th vs 145th, respectively.

Gross Domestic Product & Income

StatJapanSolomon Islands
GDP$5T$1.4B
GDP growth, 1 year0.8%3.4%
GDP growth, 5-years average1%3%
Population126.8M611k
GDP per capita$39k$2.1k
GDP per capita growth0.99%1.18%
Purchasing Power Parity conversion factor101.377.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.920.88
GDP per capita, PPP adjusted$44k$2.2k
GNI, Atlas method$5.2T$1.3B
GNI per capita$41k$2k
GNI, PPP adjusted$5.6T$1.5B
GNI per capita, PPP adjusted$44k$2.3k

Financial system and Human development

StatJapanSolomon Islands
Income Tax Rate40.8%40%
Corporate Tax Rate23.9%30%
Inflation, consumer prices1%1%
Inflation, GDP deflator-0.1%3.5%
Unemployment2.5%1.8%
Economic Freedom Index73.352.9
Personal Freedom Index8.836.1
Human Freedom Index8.316.1
Property Rights Index86.654.6
Judical Effectiveness Index71.453.7
Business Freedom Index81.467.7
Fiscal Health Index6276.6
Labor Freedom Index78.772
Investment Freedom Index7015
Financial Freedom Index6030
Trade Freedom Index8048
Monetary Freedom Index84.484.3
Government Spending Index55.834.2
Tax Burden Index68.365.6
Government Integrity Index80.533.5
Corruption Perceptions Index7344
Life expectancy at birth, years84.172.6
Suicide mortality rate, per 100,000 people18.54.7
Mortality caused by road traffic injury, per 100,000 people4.117.4
Intentional homicides, per 100,000 people0.23.8
International tourism, number of arrivals31.2M28k

Government debt & reserves

StatJapanSolomon Islands
Central government debt, % of GDP237.1%12.1%
External debt stocks, % of GNIN/A29.1%
External debt stocksN/A$388.5M
Short-term debt, % of total reservesN/A7%
Total debt service, % of exports and primary incomeN/A5.6%
Adjusted net savings including particulate emission damage, % of GNI7.3%-13.3%
Gross savings, % of GDP28%3.2%
Gross capital formation, % of GDP24.4%14.6%
Total reserves including gold$1.3T$617.1M
Foreign direct investment net inflows$25.9B$12.1M

Exports, imports and economic structure

StatJapanSolomon Islands
Exports of goods and services, % of GDP18.4%45.1%
Imports of goods and services, % of GDP18.2%53.3%
Current account balance (balance of payments)$174.7B-$50.6M
Revenue excluding grants, % of GDP12.8%33.8%
Grants excluding technical cooperation, BoPN/A$153.5M
Personal remittances received$4.4B$19.3M
Industry including construction value added, % of GDP29.1%N/A
Agriculture, forestry and fishing value added, % of GDP1.2%35%
Charges for the use of intellectual property, payments BoP$21.7B$4.4M
Charges for the use of intellectual property, receipts BoP$45.5B$599k
Expense, % of GDP16.4%31.9%
Government Expenditure, % of GDP38.4%46.8%

Compare with countries close by GDP per capita

Japan vs

CountryGDP
per capita
Population
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M

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