Saint Lucia vs the Solomon Islands: Economic Indicators Comparison

Saint Lucia with a GDP of $1.9B ranked the 175th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Saint Lucia and the Solomon Islands ranked 140th vs 90th and 71st vs 145th, respectively.

Gross Domestic Product & Income

StatSaint LuciaSolomon Islands
GDP$1.9B$1.4B
GDP growth, 1 year1%3.4%
GDP growth, 5-years average1.8%3%
Population179k611k
GDP per capita$11k$2.1k
GDP per capita growth0.34%1.18%
Purchasing Power Parity conversion factor2.067.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.760.88
GDP per capita, PPP adjusted$14k$2.2k
GNI, Atlas method$1.7B$1.3B
GNI per capita$9.6k$2k
GNI, PPP adjusted$2.4B$1.5B
GNI per capita, PPP adjusted$13k$2.3k

Financial system and Human development

StatSaint LuciaSolomon Islands
Income Tax Rate30%40%
Corporate Tax Rate30%30%
Inflation, consumer prices1.9%1%
Inflation, GDP deflator4.9%3.5%
Unemployment20.9%1.8%
Economic Freedom Index68.252.9
Personal Freedom Index6.56.1
Human Freedom Index6.56.1
Property Rights Index69.854.6
Judical Effectiveness Index62.653.7
Business Freedom Index76.767.7
Fiscal Health Index83.876.6
Labor Freedom Index66.472
Investment Freedom Index6515
Financial Freedom Index4030
Trade Freedom Index73.248
Monetary Freedom Index8284.3
Government Spending Index80.634.2
Tax Burden Index76.965.6
Government Integrity Index41.833.5
Corruption Perceptions Index5544
Life expectancy at birth, years75.972.6
Suicide mortality rate, per 100,000 people7.84.7
Mortality caused by road traffic injury, per 100,000 people35.417.4
Intentional homicides, per 100,000 people29.63.8
International tourism, number of arrivals395k28k

Government debt & reserves

StatSaint LuciaSolomon Islands
Central government debt, % of GDP66.8%12.1%
External debt stocks, % of GNI35.1%29.1%
External debt stocks$615.8M$388.5M
Short-term debt, % of total reserves31.9%7%
Total debt service, % of exports and primary income3.9%5.6%
Adjusted net savings including particulate emission damage, % of GNI-2.3%-13.3%
Gross savings, % of GDP9.7%3.2%
Gross capital formation, % of GDP21.6%14.6%
Total reserves including gold$285.8M$617.1M
Foreign direct investment net inflows$40M$12.1M

Exports, imports and economic structure

StatSaint LuciaSolomon Islands
Exports of goods and services, % of GDP36%45.1%
Imports of goods and services, % of GDP43.4%53.3%
Current account balance (balance of payments)$102.8M-$50.6M
Revenue excluding grants, % of GDP21.3%33.8%
Grants excluding technical cooperation, BoP$5M$153.5M
Personal remittances received$43M$19.3M
Industry including construction value added, % of GDP10.1%N/A
Agriculture, forestry and fishing value added, % of GDP2.1%35%
Charges for the use of intellectual property, payments BoP$9.2M$4.4M
Charges for the use of intellectual property, receipts BoPN/A$599k
Expense, % of GDP19.4%31.9%
Government Expenditure, % of GDP25.5%46.8%

Compare with countries close by GDP per capita

Saint Lucia vs

CountryGDP
per capita
Population
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M

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