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Economy of Rwanda vs Solomon Islands compared: GDP & Debt

Updated on by Georank

Rwanda has a GDP of $16.4B compared to $1.75B for the Solomon Islands, ranking 142/197 and 183/197 by economy size, respectively.

Rwanda has $10.6B in government debt (64.6% of GDP), compared to $501M (28.7% of GDP) in the Solomon Islands.

Rwanda vs Solomon Islands GDP by year

Rwanda
Solomon Islands
1x
Year GDP, current $
Rwanda Solomon Islands
2025 $16,372,132,990 $1,749,572,443
2024 $15,111,064,182 $1,583,964,704
2023 $14,806,501,437 $1,506,124,566
2022 $13,747,404,814 $1,466,670,930
2021 $11,252,894,910 $1,558,312,104
2020 $10,487,146,253 $1,536,143,428
2019 $10,519,272,170 $1,619,150,564
2018 $9,650,161,136 $1,615,473,250
2017 $9,164,345,443 $1,469,790,526
2016 $8,596,812,241 $1,379,486,291
2015 $8,447,064,079 $1,307,908,814
2014 $8,129,984,484 $1,335,576,763
2013 $7,714,276,920 $1,285,905,958
2012 $7,556,673,276 $1,185,217,634
2011 $6,802,676,034 $1,063,898,227
2010 $6,052,276,078 $898,128,551
2009 $5,603,399,015 $805,557,289
2008 $5,120,655,375 $776,335,523
2007 $4,017,977,507 $695,291,218
2006 $3,274,207,945 $617,257,458
2005 $2,933,819,766 $552,881,357
2004 $2,376,496,067 $468,000,121
2003 $2,138,237,279 $417,666,639
2002 $1,966,003,468 $346,406,739
2001 $1,966,600,715 $409,508,553
2000 $2,068,836,754 $419,842,674
1999 $2,157,108,263 $488,024,514
1998 $1,989,343,546 $457,579,840
1997 $1,851,558,197 $526,554,006
1996 $1,382,334,879 $510,586,430
1995 $1,293,535,193 $469,443,202
1994 $753,636,370 $402,837,005
1993 $1,971,525,712 $300,746,361
1992 $2,029,026,962 $269,034,596
1991 $1,911,600,237 $227,540,473
1990 $2,550,185,679 $214,877,667
1989 $2,405,022,593 $172,882,411
1988 $2,395,492,687 $176,494,394
1987 $2,157,432,668 $155,128,542
1986 $1,944,710,684 $147,620,048
1985 $1,715,626,331 $165,524,943
1984 $1,587,413,084 $181,570,474
1983 $1,479,687,587 $181,220,399
1982 $1,407,243,139 $192,902,019
1981 $1,407,062,527 $193,750,541
1980 $1,254,765,642 $182,852,107
1979 $1,109,346,131 $151,276,496
1978 $905,709,076 $111,027,427
1977 $746,650,613 $93,145,283
1976 $637,753,853 $83,100,834
1975 $571,863,500 $74,620,320
1974 $308,458,423 $84,539,332
1973 $290,746,157 $55,272,109
1972 $246,457,838 $40,606,712
1971 $222,952,504 $50,056,883
1970 $219,900,006 -
1969 $188,700,037 $28,606,411
1968 $172,200,018 $28,084,253
1967 $159,560,018 $25,203,524
1966 $124,525,703 -
1965 $148,799,980 -
1964 $129,999,994 -
1963 $128,000,000 -
1962 $125,000,008 -
1961 $122,000,016 -
1960 $119,000,024 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/rwanda/solomon-islands | CC BY

GDP per capita in Rwanda vs Solomon Islands by year

Rwanda
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Rwanda Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,124 - $2,086 -
2024 $1,060 $3,711 $1,934 $2,675
2023 $1,061 $3,399 $1,883 $2,597
2022 $1,007 $3,099 $1,878 $2,496
2021 $843 $2,733 $2,043 $2,450
2020 $803 $2,285 $2,063 $2,405
2019 $823 $2,336 $2,224 $2,512
2018 $773 $2,125 $2,278 $2,494
2017 $751 $1,968 $2,144 $2,454
2016 $721 $1,866 $2,083 $2,421
2015 $726 $1,781 $2,045 $2,354
2014 $715 $1,678 $2,165 $2,377
2013 $695 $1,512 $2,161 $2,394
2012 $698 $1,455 $2,066 $2,320
2011 $643 $1,413 $1,924 $2,306
2010 $587 $1,314 $1,685 $2,182
2009 $557 $1,241 $1,555 $2,021
2008 $522 $1,191 $1,526 $1,989
2007 $421 $1,079 $1,390 $1,869
2006 $352 $1,002 $1,256 $1,786
2005 $324 $914 $1,144 $1,693
2004 $269.5 $832 $986 $1,556
2003 $249 $775 $896 $1,433
2002 $234 $760 $757 $1,344
2001 $237.3 $670 $912 $1,387
2000 $251.9 $609 $953 $1,503
1999 $264.7 $554 $1,134 $1,754
1998 $246.2 $528 $1,092 $1,785
1997 $238.7 $500 $1,292 $1,793
1996 $206 $499 $1,289 $1,830
1995 $228 $514 $1,220 $1,820
1994 $111 $311 $1,078 $1,668
1993 $247 $521 $829 $1,556
1992 $264.1 $575 $764 $1,505
1991 $254 $542 $666 $1,346
1990 $346 $549 $648 $1,266
1989 $335 - $538 -
1988 $344 - $567 -
1987 $320 - $515 -
1986 $297.7 - $506 -
1985 $271.6 - $586 -
1984 $259.9 - $665 -
1983 $250.6 - $686 -
1982 $246.4 - $756 -
1981 $254.6 - $786 -
1980 $234.4 - $768 -
1979 $213.8 - $658 -
1978 $179.9 - $500 -
1977 $152.7 - $434 -
1976 $134.4 - $401 -
1975 $124.1 - $372 -
1974 $68.9 - $433 -
1973 $66.9 - $291.3 -
1972 $58.4 - $219.5 -
1971 $54.4 - $277.1 -
1970 $55.2 - - -
1969 $48.9 - $165.9 -
1968 $46 - $166.9 -
1967 $44 - $153.5 -
1966 $35.4 - - -
1965 $43.5 - - -
1964 $39 - - -
1963 $39.3 - - -
1962 $39.2 - - -
1961 $39.3 - - -
1960 $39.4 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/rwanda/solomon-islands | CC BY

Rwanda's GDP per capita is $1,124, ranking 178/197, compared to $2,086 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Rwanda ranks 168th at $3,711, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Rwanda Solomon Islands
Gross domestic product
$16.4B
2025
$1.75B
2025
GDP rank
142/197
2025
183/197
2025
GDP growth
9.38%
2024-2025
3.62%
2024-2025
GDP per capita
$1,124
2025
$2,086
2025
GDP per capita rank
178/197
2025
157/197
2025
GDP per capita, PPP
$3,711
2024
$2,675
2024
GDP per capita PPP rank
168/197
2024
183/197
2024
Government debt
$10.6B
2025
$501M
2025
Debt-to-GDP ratio
64.6%
2025
28.7%
2025
Government debt per person
$726
2025
$598
2025
Government debt per person rank
155/185
2025
162/185
2025
Average annual personal income after taxes
$1,614
2026
$1,986
2026
Market capitalization of domestic companies
$3.2B
2025
n/a
Income share by richest 10%
33.4%
2023
29.2%
2012
Income share by poorest 10%
3.1%
2023
2.8%
2012
Government expenditure, % of GDP
24.1%
2025
40.6%
2025
Consumer prices inflation
5.91%
2024-2025
3.36%
2024-2025
Central bank interest rate
6.75%
2025
n/a
Unemployment rate
5.36%
2025
0.69%
2013
Population
15062056
868694

Spending and national debt comparison by year

Rwanda
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Rwanda Solomon Islands
Government spending Government debt Government spending Government debt
2025 24.1% 64.6% 40.6% 28.7%
2024 27.1% 63.4% 39.6% 26.1%
2023 26.2% 61.4% 44.2% 22.3%
2022 28.7% 59% 43.5% 16.5%
2021 31% 66.2% 36.9% 16.1%
2020 32.5% 66.7% 40.4% 9.15%
2019 27.7% 52.8% 35.6% 7.82%
2018 26.3% 49.2% 34.8% 7.95%
2017 25.3% 46.1% 40.4% 8.77%
2016 25.4% 41.5% 39.6% 7.54%
2015 26.9% 33.5% 41.5% 7.88%
2014 27.8% 29.5% 39.8% 10.1%
2013 26.5% 27% 41.8% 11.6%
2012 24.9% 19.3% 29.4% 13.3%
2011 25% 18.9% 26.7% 18.1%
2010 24.1% 19% 22.6% 21.6%
2009 22.6% 18.7% 22.7% 17.2%
2008 22.7% 18.5% 24.3% 26.1%
2007 22.7% 22.4% 21.1% 29.5%
2006 20.9% 22.8% 17.4% 36.9%
2005 20.2% 59.8% 14.7% 38.5%
2004 18.1% 82.1% 12.5% 49.4%
2003 18.8% 80.7% 12.6% 51.8%
2002 20.7% 93.4% 14.1% 55.5%
2001 19.3% 85.2% 15.3% 44.6%
2000 18.5% 87.2% 15.8% 37.4%
1999 22.7% 79.5% 15.8% 35.4%
1998 16.6% 71.1% 13.1% 33.3%
1997 17.2% 73.3% 16.3% 21.9%
1996 19.8% 84.6% 20.4% -
1995 18.3% 102.2% 20.8% -
1994 13.5% - 25.5% -
1993 20.6% - 28.1% -
1992 21.8% - 29.6% -
1991 - - 33.2% -
1990 - - 25.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/rwanda/solomon-islands | CC BY

In 2025, Rwanda's government spending was $3.95B, accounting for 24.1% of its GDP, while the Solomon Islands spent $711M, or 40.6% of GDP.

Debt-to-GDP ratio is 64.6% in Rwanda and 28.7% in the Solomon Islands, ranking 68/185 and 158/185, respectively.

Government deficit by year

Deficit/surplus
Rwanda

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Rwanda Solomon Islands
2025 -4.49% -3.24%
2024 -6.19% -2.09%
2023 -4.88% -4.13%
2022 -5.56% -2.7%
2021 -6.89% -1.82%
2020 -9.26% -2.44%
2019 -5% -1.52%
2018 -2.57% 1.49%
2017 -2.54% -2.27%
2016 -2.3% -3.56%
2015 -2.71% 0.81%
2014 -3.97% 2.13%
2013 -1.29% 3.57%
2012 -2.41% 4.63%
2011 -0.87% 6.14%
2010 -0.65% 5.67%
2009 0.26% 2.15%
2008 0.84% 1.75%
2007 -1.58% 13.7%
2006 -0.03% 11.3%
2005 1.14% 11.5%
2004 2.31% 14.5%
2003 -1.25% 8.91%
2002 -2.06% -3.67%
2001 -1.83% -2.02%
2000 -0.22% -2.47%
1999 -4.48% -0.27%
1998 -2.63% 4.25%
1997 -2.25% 1.8%
1996 -5.08% 3.15%
1995 -2.07% 2.69%
1994 -9.68% 3.65%
1993 -6.7% 2.07%
1992 -7.31% 3.48%
1991 - 0.12%
1990 - 0.49%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/rwanda/solomon-islands | CC BY

In 2025, Rwanda's government deficit, the difference between spending and revenue, was $736M, equivalent to 4.49% of GDP. This compares to the Solomon Islands' deficit of $56.6M, or 3.24% of GDP.

Over the past 34 years, Rwanda recorded a fiscal deficit in 30 of those years, while the Solomon Islands ran a deficit in 13 years. On average, Rwanda posted an annual deficit equal to 3.06% of GDP, compared to surplus of 2.27% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Rwanda

Solomon Islands
1x
Year Consumer prices inflation
Rwanda Solomon Islands
2025 5.91% 3.36%
2024 1.77% 4.32%
2023 19.8% 5.89%
2022 17.7% 5.52%
2021 -0.39% -0.12%
2020 9.85% 2.96%
2019 3.35% 1.63%
2018 -0.31% 3.46%
2017 8.28% 0.49%
2016 7.17% 0.51%
2015 2.53% -0.57%
2014 2.35% 5.17%
2013 5.92% 5.39%
2012 10.3% 5.91%
2011 3.08% 7.34%
2010 -0.25% 1.05%
2009 12.9% 7.09%
2008 15.4% 17.3%
2007 9.08% 7.67%
2006 8.88% 11.2%
2005 9.01% 7.33%
2004 12.3% 6.99%
2003 7.45% 8.27%
2002 1.99% 10.9%
2001 3.34% 6.93%
2000 3.9% 7.89%
1999 -2.41% 8.02%
1998 6.21% 12.4%
1997 12% 8.08%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/rwanda/solomon-islands | CC BY

Over the past 29 years, Rwanda has recorded an average annual inflation rate of 6.8%, compared with 5.95% in the Solomon Islands. In 2025, inflation was 5.91% in Rwanda and 3.36% in the Solomon Islands.

Balance of trade

Rwanda Solomon Islands
Current account balance
-$1.81B
2024
-$66.2M
2024
Current account balance ranking
136/190
2024
78/190
2024
Current account balance, % of GDP
-12%
2024
-4.18%
2024
Goods imports
$5.55B
2024
$609M
2024
Goods exports
$3.2B
2024
$510M
2024
Service imports
$991M
2024
$248M
2024
Service exports
$1.08B
2024
$133M
2024
Imports of goods and services, % of GDP
35.1%
2025
70.8%
2024
Exports of goods and services, % of GDP
21.6%
2025
40.6%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Rwanda Solomon Islands
Economic freedom 56.5 53.7
Economic freedom ranking 121/197 137/197
Property rights 60.3 55.8
Government integrity 53.9 42.7
Judicial effectiveness 27.5 59.1
Tax burden 80.6 71.3
Government spending 75.7 54.6
Fiscal health 37.5 83.3
Business freedom 60.1 52.3
Labor freedom 49.1 60.4
Monetary freedom 72.3 76.5
Trade freedom 61.8 43.6
Investment freedom 60 15
Financial freedom 40 30

Economic freedom comparison by year

Rwanda
Solomon Islands
1x
Year Economic freedom index
Rwanda Solomon Islands
2026 56.5 53.7
2025 54.8 56.3
2024 51.6 55
2023 52.2 56.9
2022 57.1 56.5
2021 68.3 56.5
2020 70.9 52.9
2019 71.1 54.6
2018 69.1 57.5
2017 67.6 55
2016 63.1 47
2015 64.8 47
2014 64.7 46.2
2013 64.1 45
2012 64.9 46.2
2011 62.7 45.9
2010 59.1 42.9
2009 54.2 46
2008 54.2 -
2007 52.4 -
2006 52.8 -
2005 51.7 -
2004 53.3 -
2003 47.8 -
2002 50.4 -
2001 45.4 -
2000 42.3 -
1999 39.8 -
1998 39.1 -
1997 38.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-07-08).

GeoRank.org/economy/rwanda/solomon-islands | CC BY

The Economic Freedom Index for Rwanda is 56.5, ranking 121/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Rwanda Solomon Islands
Services, % of GDP
52.3%
2025
46.9%
2024
Industry, % of GDP
22%
2025
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
20.3%
2025
29.7%
2024
GNI, Atlas method
$16.7B
2025
$1.7B
2025
GNI per capita, PPP
$4,070
2025
$2,790
2025
Total reserves including gold
$1.96B
2025
$686M
2024
Total reserves ranking
128/177
2025
148/177
2024
Net foreign direct investment
-$560M
2024
$19.9M
2024
Net inflows of foreign direct investment
$573M
2024
$33M
2024
Net outflows of foreign direct investment
$13.2M
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
2.91%
2024
1.64%
2024
Poverty at national poverty lines
27.4%
2023
12.7%
2012
Gross capital formation, % of GDP
34.1%
2025
19.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/rwanda/solomon-islands | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1997–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.