Kiribati vs the Solomon Islands: Economic Indicators Comparison
The Solomon Islands with a GDP of $1.4B ranked the 182nd largest economy in the world, while Kiribati ranked 194th with $188.3M. By GDP 5-years average growth and GDP per capita, the Solomon Islands and Kiribati ranked 90th vs 68th and 145th vs 156th, respectively.
Gross Domestic Product & Income
| Stat |  Kiribati |  Solomon Islands |
|---|---|---|
| GDP | $188.3M | $1.4B |
| GDP growth, 1 year | 2.3% | 3.4% |
| GDP growth, 5-years average | 3.5% | 3% |
| Population | 116k | 611k |
| GDP per capita | $1.6k | $2.1k |
| GDP per capita growth | 0.51% | 1.18% |
| Purchasing Power Parity conversion factor | 0.95 | 7.02 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.71 | 0.88 |
| GDP per capita, PPP adjusted | $2.1k | $2.2k |
| GNI, Atlas method | $363.8M | $1.3B |
| GNI per capita | $3.1k | $2k |
| GNI, PPP adjusted | $511.5M | $1.5B |
| GNI per capita, PPP adjusted | $4.4k | $2.3k |
Financial system and Human development
| Stat | Kiribati | Solomon Islands |
|---|---|---|
| Income Tax Rate | 35% | 40% |
| Corporate Tax Rate | 35% | 30% |
| Inflation, consumer prices | 1.9% | 1% |
| Inflation, GDP deflator | 2% | 3.5% |
| Unemployment | 30.6% | 1.8% |
| Economic Freedom Index | 45.2 | 52.9 |
| Personal Freedom Index | 4.8 | 6.1 |
| Human Freedom Index | 4.2 | 6.1 |
| Property Rights Index | 47.5 | 54.6 |
| Judical Effectiveness Index | 34.2 | 53.7 |
| Business Freedom Index | 40.6 | 67.7 |
| Fiscal Health Index | 99 | 76.6 |
| Labor Freedom Index | 62.9 | 72 |
| Investment Freedom Index | 25 | 15 |
| Financial Freedom Index | 30 | 30 |
| Trade Freedom Index | 23.8 | 48 |
| Monetary Freedom Index | 82.2 | 84.3 |
| Government Spending Index | 0 | 34.2 |
| Tax Burden Index | 72.4 | 65.6 |
| Government Integrity Index | 24.3 | 33.5 |
| Corruption Perceptions Index | 40 | 44 |
| Life expectancy at birth, years | 67.9 | 72.6 |
| Suicide mortality rate, per 100,000 people | 14.4 | 4.7 |
| Mortality caused by road traffic injury, per 100,000 people | 4.4 | 17.4 |
| Intentional homicides, per 100,000 people | 7.5 | 3.8 |
| International tourism, number of arrivals | 7.1k | 28k |
Government debt & reserves
| Stat | Kiribati | Solomon Islands |
|---|---|---|
| Central government debt, % of GDP | 21.9% | 12.1% |
| External debt stocks, % of GNI | N/A | 29.1% |
| External debt stocks | N/A | $388.5M |
| Short-term debt, % of total reserves | N/A | 7% |
| Total debt service, % of exports and primary income | N/A | 5.6% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | -13.3% |
| Gross savings, % of GDP | 96% | 3.2% |
| Gross capital formation, % of GDP | 40% | 14.6% |
| Total reserves including gold | N/A | $617.1M |
| Foreign direct investment net inflows | $591k | $12.1M |
Exports, imports and economic structure
| Stat | Kiribati | Solomon Islands |
|---|---|---|
| Exports of goods and services, % of GDP | 13.2% | 45.1% |
| Imports of goods and services, % of GDP | 92% | 53.3% |
| Current account balance (balance of payments) | $70.5M | -$50.6M |
| Revenue excluding grants, % of GDP | 100.5% | 33.8% |
| Grants excluding technical cooperation, BoP | $50.7M | $153.5M |
| Personal remittances received | $18M | $19.3M |
| Industry including construction value added, % of GDP | 12.4% | N/A |
| Agriculture, forestry and fishing value added, % of GDP | 30.8% | 35% |
| Charges for the use of intellectual property, payments BoP | N/A | $4.4M |
| Charges for the use of intellectual property, receipts BoP | $13.4M | $599k |
| Expense, % of GDP | 77.4% | 31.9% |
| Government Expenditure, % of GDP | 125.7% | 46.8% |
