The Marshall Islands 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 the Marshall Islands ranked 193rd with $221.3M. By GDP per capita, the Solomon Islands and the Marshall Islands ranked 145th vs 123rd, respectively.
Gross Domestic Product & Income
| Stat |  Marshall Islands |  Solomon Islands |
|---|---|---|
| GDP | $221.3M | $1.4B |
| GDP growth, 1 year | 3.62% | 3.4% |
| GDP growth, 5-years average | N/A | 3% |
| Population | 53k | 611k |
| GDP per capita | $3.8k | $2.1k |
| GDP per capita growth | 2.99% | 1.18% |
| Purchasing Power Parity conversion factor | 0.95 | 7.02 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.95 | 0.88 |
| GDP per capita, PPP adjusted | $4k | $2.2k |
| GNI, Atlas method | $283.7M | $1.3B |
| GNI per capita | $4.9k | $2k |
| GNI, PPP adjusted | $297.6M | $1.5B |
| GNI per capita, PPP adjusted | $5.1k | $2.3k |
Financial system and Human development
| Stat | Marshall Islands | Solomon Islands |
|---|---|---|
| Income Tax Rate | N/A | 40% |
| Corporate Tax Rate | N/A | 30% |
| Inflation, consumer prices | N/A | 1% |
| Inflation, GDP deflator | 0.3% | 3.5% |
| Unemployment | 4.7% | 1.8% |
| Economic Freedom Index | 58 | 52.9 |
| Personal Freedom Index | 6.2 | 6.1 |
| Human Freedom Index | 6.2 | 6.1 |
| Property Rights Index | N/A | 54.6 |
| Judical Effectiveness Index | N/A | 53.7 |
| Business Freedom Index | N/A | 67.7 |
| Fiscal Health Index | N/A | 76.6 |
| Labor Freedom Index | N/A | 72 |
| Investment Freedom Index | N/A | 15 |
| Financial Freedom Index | N/A | 30 |
| Trade Freedom Index | N/A | 48 |
| Monetary Freedom Index | N/A | 84.3 |
| Government Spending Index | N/A | 34.2 |
| Tax Burden Index | N/A | 65.6 |
| Government Integrity Index | N/A | 33.5 |
| Corruption Perceptions Index | 64 | 44 |
| Life expectancy at birth, years | 65.2 | 72.6 |
| Suicide mortality rate, per 100,000 people | 1 | 4.7 |
| Mortality caused by road traffic injury, per 100,000 people | 5.7 | 17.4 |
| Intentional homicides, per 100,000 people | 4 | 3.8 |
| International tourism, number of arrivals | 6.8k | 28k |
Government debt & reserves
| Stat | Marshall Islands | Solomon Islands |
|---|---|---|
| Central government debt, % of GDP | 48.9% | 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 | 17.2% | 3.2% |
| Gross capital formation, % of GDP | 23.4% | 14.6% |
| Total reserves including gold | N/A | $617.1M |
| Foreign direct investment net inflows | $9.8M | $12.1M |
Exports, imports and economic structure
| Stat | Marshall Islands | Solomon Islands |
|---|---|---|
| Exports of goods and services, % of GDP | 40.4% | 45.1% |
| Imports of goods and services, % of GDP | 85.3% | 53.3% |
| Current account balance (balance of payments) | $53M | -$50.6M |
| Revenue excluding grants, % of GDP | 32.2% | 33.8% |
| Grants excluding technical cooperation, BoP | $50.6M | $153.5M |
| Personal remittances received | $31.5M | $19.3M |
| Industry including construction value added, % of GDP | 12.8% | N/A |
| Agriculture, forestry and fishing value added, % of GDP | 15.2% | 35% |
| Charges for the use of intellectual property, payments BoP | N/A | $4.4M |
| Charges for the use of intellectual property, receipts BoP | N/A | $599k |
| Expense, % of GDP | 57.9% | 31.9% |
| Government Expenditure, % of GDP | N/A | 46.8% |
