New Zealand vs the Solomon Islands: Economic Indicators Comparison

New Zealand with a GDP of $204.9B ranked the 53rd largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, New Zealand and the Solomon Islands ranked 72nd vs 90th and 25th vs 145th, respectively.

Gross Domestic Product & Income

StatNew ZealandSolomon Islands
GDP$204.9B$1.4B
GDP growth, 1 year3%3.4%
GDP growth, 5-years average3.4%3%
Population4.9M611k
GDP per capita$42k$2.1k
GDP per capita growth0.85%1.18%
Purchasing Power Parity conversion factor1.487.02
Price level ratio of PPP conversion factor GDP to market exchange rate1.020.88
GDP per capita, PPP adjusted$40k$2.2k
GNI, Atlas method$198.6B$1.3B
GNI per capita$41k$2k
GNI, PPP adjusted$192.5B$1.5B
GNI per capita, PPP adjusted$39k$2.3k

Financial system and Human development

StatNew ZealandSolomon Islands
Income Tax Rate33%40%
Corporate Tax Rate28%30%
Inflation, consumer prices1.6%1%
Inflation, GDP deflator1.1%3.5%
Unemployment4.5%1.8%
Economic Freedom Index84.152.9
Personal Freedom Index9.426.1
Human Freedom Index8.946.1
Property Rights Index93.354.6
Judical Effectiveness Index79.153.7
Business Freedom Index90.467.7
Fiscal Health Index98.376.6
Labor Freedom Index86.772
Investment Freedom Index8015
Financial Freedom Index8030
Trade Freedom Index92.248
Monetary Freedom Index8784.3
Government Spending Index57.834.2
Tax Burden Index7165.6
Government Integrity Index93.933.5
Corruption Perceptions Index8744
Life expectancy at birth, years81.772.6
Suicide mortality rate, per 100,000 people12.14.7
Mortality caused by road traffic injury, per 100,000 people7.817.4
Intentional homicides, per 100,000 people0.73.8
International tourism, number of arrivals3.7M28k

Government debt & reserves

StatNew ZealandSolomon Islands
Central government debt, % of GDP29.4%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 GNI13.9%-13.3%
Gross savings, % of GDP19.6%3.2%
Gross capital formation, % of GDP23.9%14.6%
Total reserves including gold$17.7B$617.1M
Foreign direct investment net inflows$2.1B$12.1M

Exports, imports and economic structure

StatNew ZealandSolomon Islands
Exports of goods and services, % of GDP28.1%45.1%
Imports of goods and services, % of GDP28.3%53.3%
Current account balance (balance of payments)-$7.7B-$50.6M
Revenue excluding grants, % of GDP33%33.8%
Grants excluding technical cooperation, BoPN/A$153.5M
Personal remittances received$452.5M$19.3M
Industry including construction value added, % of GDP19.2%N/A
Agriculture, forestry and fishing value added, % of GDP6.6%35%
Charges for the use of intellectual property, payments BoP$912.8M$4.4M
Charges for the use of intellectual property, receipts BoP$540.5M$599k
Expense, % of GDP30.7%31.9%
Government Expenditure, % of GDP37.5%46.8%

Compare with countries close by GDP per capita

New Zealand vs

CountryGDP
per capita
Population
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
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
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
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

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