Nicaragua vs the Solomon Islands: Economic Indicators Comparison

Nicaragua with a GDP of $13.1B ranked the 133rd largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Nicaragua and the Solomon Islands ranked 91st vs 90th and 148th vs 145th, respectively.

Gross Domestic Product & Income

StatNicaraguaSolomon Islands
GDP$13.1B$1.4B
GDP growth, 1 year-4%3.4%
GDP growth, 5-years average3%3%
Population6.2M611k
GDP per capita$2k$2.1k
GDP per capita growth-5.02%1.18%
Purchasing Power Parity conversion factor11.577.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.370.88
GDP per capita, PPP adjusted$5.7k$2.2k
GNI, Atlas method$13.1B$1.3B
GNI per capita$2k$2k
GNI, PPP adjusted$34.9B$1.5B
GNI per capita, PPP adjusted$5.4k$2.3k

Financial system and Human development

StatNicaraguaSolomon Islands
Income Tax Rate30%40%
Corporate Tax Rate30%30%
Inflation, consumer prices5%1%
Inflation, GDP deflator3.4%3.5%
Unemployment4.5%1.8%
Economic Freedom Index57.252.9
Personal Freedom Index7.416.1
Human Freedom Index7.226.1
Property Rights Index33.554.6
Judical Effectiveness Index19.553.7
Business Freedom Index55.167.7
Fiscal Health Index87.276.6
Labor Freedom Index55.572
Investment Freedom Index6015
Financial Freedom Index5030
Trade Freedom Index75.448
Monetary Freedom Index71.584.3
Government Spending Index77.534.2
Tax Burden Index76.365.6
Government Integrity Index24.333.5
Corruption Perceptions Index2544
Life expectancy at birth, years74.172.6
Suicide mortality rate, per 100,000 people12.24.7
Mortality caused by road traffic injury, per 100,000 people15.317.4
Intentional homicides, per 100,000 people7.43.8
International tourism, number of arrivals1.3M28k

Government debt & reserves

StatNicaraguaSolomon Islands
Central government debt, % of GDP37.2%12.1%
External debt stocks, % of GNI90.7%29.1%
External debt stocks$11.6B$388.5M
Short-term debt, % of total reserves60.3%7%
Total debt service, % of exports and primary income19%5.6%
Adjusted net savings including particulate emission damage, % of GNI14.4%-13.3%
Gross savings, % of GDP23.6%3.2%
Gross capital formation, % of GDP22.9%14.6%
Total reserves including gold$2.3B$617.1M
Foreign direct investment net inflows$359.2M$12.1M

Exports, imports and economic structure

StatNicaraguaSolomon Islands
Exports of goods and services, % of GDP42%45.1%
Imports of goods and services, % of GDP51.3%53.3%
Current account balance (balance of payments)$83M-$50.6M
Revenue excluding grants, % of GDP16.8%33.8%
Grants excluding technical cooperation, BoP$162.6M$153.5M
Personal remittances received$1.5B$19.3M
Industry including construction value added, % of GDP25.8%N/A
Agriculture, forestry and fishing value added, % of GDP15.5%35%
Charges for the use of intellectual property, payments BoP$1.9M$4.4M
Charges for the use of intellectual property, receipts BoPN/A$599k
Expense, % of GDP16.7%31.9%
Government Expenditure, % of GDP27.4%46.8%

Compare with countries close by GDP per capita

Nicaragua vs

CountryGDP
per capita
Population
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
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
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M

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
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
Cambodia
$1.5k
16M