The Palestine vs the Solomon Islands: Economic Indicators Comparison

The Palestine with a GDP of $14.6B ranked the 125th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP per capita, the Palestine and the Solomon Islands ranked 132nd vs 145th, respectively.

Gross Domestic Product & Income

StatPalestineSolomon Islands
GDP$14.6B$1.4B
GDP growth, 1 year0.91%3.4%
GDP growth, 5-years averageN/A3%
Population4.7M611k
GDP per capita$3.2k$2.1k
GDP per capita growth-1.62%1.18%
Purchasing Power Parity conversion factor2.237.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.620.88
GDP per capita, PPP adjusted$5.2k$2.2k
GNI, Atlas method$17B$1.3B
GNI per capita$3.7k$2k
GNI, PPP adjusted$27.4B$1.5B
GNI per capita, PPP adjusted$6k$2.3k

Financial system and Human development

StatPalestineSolomon Islands
Income Tax RateN/A40%
Corporate Tax RateN/A30%
Inflation, consumer prices-0.2%1%
Inflation, GDP deflator-0.1%3.5%
Unemployment26.3%1.8%
Economic Freedom Index3052.9
Personal Freedom Index4.16.1
Human Freedom Index46.1
Property Rights IndexN/A54.6
Judical Effectiveness IndexN/A53.7
Business Freedom IndexN/A67.7
Fiscal Health IndexN/A76.6
Labor Freedom IndexN/A72
Investment Freedom IndexN/A15
Financial Freedom IndexN/A30
Trade Freedom IndexN/A48
Monetary Freedom IndexN/A84.3
Government Spending IndexN/A34.2
Tax Burden IndexN/A65.6
Government Integrity IndexN/A33.5
Corruption Perceptions Index1844
Life expectancy at birth, years73.772.6
Suicide mortality rate, per 100,000 people4.34.7
Mortality caused by road traffic injury, per 100,000 people19.517.4
Intentional homicides, per 100,000 people0.73.8
International tourism, number of arrivals606k28k

Government debt & reserves

StatPalestineSolomon Islands
Central government debt, % of GDPN/A12.1%
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 GNIN/A-13.3%
Gross savings, % of GDP12.6%3.2%
Gross capital formation, % of GDP24.2%14.6%
Total reserves including gold$537.8M$617.1M
Foreign direct investment net inflows$262.5M$12.1M

Exports, imports and economic structure

StatPalestineSolomon Islands
Exports of goods and services, % of GDP19.9%45.1%
Imports of goods and services, % of GDP59.7%53.3%
Current account balance (balance of payments)-$1.7B-$50.6M
Revenue excluding grants, % of GDP6.9%33.8%
Grants excluding technical cooperation, BoP$2.1B$153.5M
Personal remittances received$2.5B$19.3M
Industry including construction value added, % of GDP19.6%N/A
Agriculture, forestry and fishing value added, % of GDP3.2%35%
Charges for the use of intellectual property, payments BoP$1.4M$4.4M
Charges for the use of intellectual property, receipts BoP$1.6k$599k
Expense, % of GDP8.3%31.9%
Government Expenditure, % of GDPN/A46.8%

Compare with countries close by GDP per capita

Palestine vs

CountryGDP
per capita
Population
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
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
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

Solomon Islands vs

CountryGDP
per capita
Population
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
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
Cambodia
$1.5k
16M