Mongolia vs the Solomon Islands: Economic Indicators Comparison

Mongolia with a GDP of $13.1B ranked the 134th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Mongolia and the Solomon Islands ranked 39th vs 90th and 118th vs 145th, respectively.

Gross Domestic Product & Income

StatMongoliaSolomon Islands
GDP$13.1B$1.4B
GDP growth, 1 year6.9%3.4%
GDP growth, 5-years average4.7%3%
Population3.1M611k
GDP per capita$4.1k$2.1k
GDP per capita growth5.32%1.18%
Purchasing Power Parity conversion factor738.487.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.88
GDP per capita, PPP adjusted$13k$2.2k
GNI, Atlas method$11.6B$1.3B
GNI per capita$3.7k$2k
GNI, PPP adjusted$39.6B$1.5B
GNI per capita, PPP adjusted$13k$2.3k

Financial system and Human development

StatMongoliaSolomon Islands
Income Tax Rate10%40%
Corporate Tax Rate25%30%
Inflation, consumer prices7.7%1%
Inflation, GDP deflator8.1%3.5%
Unemployment6.3%1.8%
Economic Freedom Index55.952.9
Personal Freedom Index7.636.1
Human Freedom Index7.176.1
Property Rights Index50.354.6
Judical Effectiveness Index2353.7
Business Freedom Index63.667.7
Fiscal Health Index9.376.6
Labor Freedom Index75.772
Investment Freedom Index5015
Financial Freedom Index6030
Trade Freedom Index7448
Monetary Freedom Index74.284.3
Government Spending Index66.634.2
Tax Burden Index87.465.6
Government Integrity Index36.933.5
Corruption Perceptions Index3744
Life expectancy at birth, years69.572.6
Suicide mortality rate, per 100,000 people134.7
Mortality caused by road traffic injury, per 100,000 people16.517.4
Intentional homicides, per 100,000 people6.23.8
International tourism, number of arrivals529k28k

Government debt & reserves

StatMongoliaSolomon Islands
Central government debt, % of GDP73.3%12.1%
External debt stocks, % of GNI253.9%29.1%
External debt stocks$29.4B$388.5M
Short-term debt, % of total reserves87.3%7%
Total debt service, % of exports and primary income101.6%5.6%
Adjusted net savings including particulate emission damage, % of GNI-10.3%-13.3%
Gross savings, % of GDP30.3%3.2%
Gross capital formation, % of GDP43.1%14.6%
Total reserves including gold$3.5B$617.1M
Foreign direct investment net inflows$2B$12.1M

Exports, imports and economic structure

StatMongoliaSolomon Islands
Exports of goods and services, % of GDP58.7%45.1%
Imports of goods and services, % of GDP64.2%53.3%
Current account balance (balance of payments)-$1.9B-$50.6M
Revenue excluding grants, % of GDP24.9%33.8%
Grants excluding technical cooperation, BoP$115.6M$153.5M
Personal remittances received$440.6M$19.3M
Industry including construction value added, % of GDP38.7%N/A
Agriculture, forestry and fishing value added, % of GDP10.8%35%
Charges for the use of intellectual property, payments BoP$16.1M$4.4M
Charges for the use of intellectual property, receipts BoP$1.4M$599k
Expense, % of GDP23.8%31.9%
Government Expenditure, % of GDP33.4%46.8%

Compare with countries close by GDP per capita

Mongolia vs

CountryGDP
per capita
Population
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
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
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k

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