Nigeria vs the Solomon Islands: Economic Indicators Comparison

Nigeria with a GDP of $397.3B ranked the 32nd largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Nigeria and the Solomon Islands ranked 132nd vs 90th and 149th vs 145th, respectively.

Gross Domestic Product & Income

StatNigeriaSolomon Islands
GDP$397.3B$1.4B
GDP growth, 1 year1.9%3.4%
GDP growth, 5-years average2%3%
Population190.9M611k
GDP per capita$2k$2.1k
GDP per capita growth-0.67%1.18%
Purchasing Power Parity conversion factor110.037.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.88
GDP per capita, PPP adjusted$6k$2.2k
GNI, Atlas method$384.8B$1.3B
GNI per capita$2k$2k
GNI, PPP adjusted$1.1T$1.5B
GNI per capita, PPP adjusted$5.7k$2.3k

Financial system and Human development

StatNigeriaSolomon Islands
Income Tax Rate24%40%
Corporate Tax Rate30%30%
Inflation, consumer prices12.1%1%
Inflation, GDP deflator10.2%3.5%
Unemployment6%1.8%
Economic Freedom Index57.252.9
Personal Freedom Index6.016.1
Human Freedom Index6.16.1
Property Rights Index38.154.6
Judical Effectiveness Index32.253.7
Business Freedom Index54.767.7
Fiscal Health Index64.176.6
Labor Freedom Index8472
Investment Freedom Index4515
Financial Freedom Index4030
Trade Freedom Index62.448
Monetary Freedom Index61.784.3
Government Spending Index96.234.2
Tax Burden Index85.165.6
Government Integrity Index22.333.5
Corruption Perceptions Index2744
Life expectancy at birth, years5472.6
Suicide mortality rate, per 100,000 people9.54.7
Mortality caused by road traffic injury, per 100,000 people21.417.4
Intentional homicides, per 100,000 people9.93.8
International tourism, number of arrivals5.3M28k

Government debt & reserves

StatNigeriaSolomon Islands
Central government debt, % of GDP28.4%12.1%
External debt stocks, % of GNI12.4%29.1%
External debt stocks$47B$388.5M
Short-term debt, % of total reserves0%7%
Total debt service, % of exports and primary income8.3%5.6%
Adjusted net savings including particulate emission damage, % of GNI1.4%-13.3%
Gross savings, % of GDP19.3%3.2%
Gross capital formation, % of GDP19.8%14.6%
Total reserves including gold$42.8B$617.1M
Foreign direct investment net inflows$2B$12.1M

Exports, imports and economic structure

StatNigeriaSolomon Islands
Exports of goods and services, % of GDP15.5%45.1%
Imports of goods and services, % of GDP17.5%53.3%
Current account balance (balance of payments)$5.3B-$50.6M
Revenue excluding grants, % of GDPN/A33.8%
Grants excluding technical cooperation, BoP$2B$153.5M
Personal remittances received$24.3B$19.3M
Industry including construction value added, % of GDP25.7%N/A
Agriculture, forestry and fishing value added, % of GDP21.2%35%
Charges for the use of intellectual property, payments BoP$252.8M$4.4M
Charges for the use of intellectual property, receipts BoP$7.8M$599k
Expense, % of GDPN/A31.9%
Government Expenditure, % of GDP11.2%46.8%

Compare with countries close by GDP per capita

Nigeria vs

CountryGDP
per capita
Population
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
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
Lesotho
$1.3k
2.23M

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
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