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Economy of Saint Vincent vs Solomon Islands compared: GDP & Debt

Updated on by Georank team

Saint Vincent has a GDP of $1.16B compared to $1.58B for the Solomon Islands, ranking 186/197 and 182/197 by economy size, respectively.

Saint Vincent has $1.07B in government debt (92.7% of GDP), compared to $350M (22.1% of GDP) in the Solomon Islands.

Saint Vincent vs Solomon Islands GDP by year

Saint Vincent
Solomon Islands
1x
Year GDP, current $
Saint Vincent Solomon Islands
2024 $1,157,207,407 $1,583,964,704
2023 $1,072,237,037 $1,506,124,566
2022 $989,188,889 $1,466,670,930
2021 $888,677,778 $1,558,312,104
2020 $864,566,667 $1,536,143,428
2019 $910,481,481 $1,619,150,564
2018 $884,329,630 $1,615,473,250
2017 $844,040,741 $1,469,790,526
2016 $814,303,704 $1,379,486,291
2015 $786,555,556 $1,307,908,814
2014 $770,900,000 $1,335,576,763
2013 $764,781,259 $1,285,905,958
2012 $730,032,593 $1,185,217,634
2011 $713,796,370 $1,063,898,227
2010 $720,447,889 $898,128,551
2009 $714,300,259 $805,557,289
2008 $732,663,259 $776,335,523
2007 $713,596,667 $695,291,218
2006 $643,501,148 $617,257,458
2005 $579,948,926 $552,881,357
2004 $549,900,185 $468,000,121
2003 $509,090,889 $417,666,639
2002 $487,763,852 $346,406,739
2001 $462,072,333 $409,508,553
2000 $427,946,037 $419,842,674
1999 $390,718,519 $488,024,514
1998 $373,618,519 $457,579,840
1997 $347,770,370 $526,554,006
1996 $331,488,889 $510,586,430
1995 $316,007,407 $469,443,202
1994 $289,437,037 $402,837,005
1993 $286,307,407 $300,746,361
1992 $277,955,556 $269,034,596
1991 $254,829,630 $227,540,473
1990 $240,366,667 $214,877,667
1989 $214,745,002 $172,882,411
1988 $200,726,713 $176,494,394
1987 $175,580,647 $155,128,542
1986 $160,846,657 $147,620,048
1985 $145,641,705 $165,524,943
1984 $135,024,988 $181,570,474
1983 $122,255,350 $181,220,399
1982 $113,759,203 $192,902,019
1981 $102,086,539 $193,750,541
1980 $82,340,340 $182,852,107
1979 $71,096,360 $151,276,496
1978 $60,844,771 $111,027,427
1977 $49,353,162 $93,145,283
1976 $32,792,845 $83,100,834
1975 $33,237,226 $74,620,320
1974 $32,923,703 $84,539,332
1973 $30,165,081 $55,272,109
1972 $27,585,805 $40,606,712
1971 $20,051,922 $50,056,883
1970 $18,450,000 -
1969 $16,650,000 $28,606,411
1968 $15,350,000 $28,084,253
1967 $15,835,106 $25,203,524
1966 $16,099,960 -
1965 $15,108,296 -
1964 $14,758,296 -
1963 $13,708,299 -
1962 $14,524,964 -
1961 $13,999,965 -
1960 $13,066,634 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/saint-vincent/solomon-islands | CC BY

GDP per capita in Saint Vincent vs Solomon Islands by year

Saint Vincent
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Saint Vincent Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $11,501 $21,272 $1,934 $2,675
2023 $10,582 $19,820 $1,883 $2,597
2022 $9,694 $18,035 $1,878 $2,496
2021 $8,641 $16,201 $2,043 $2,450
2020 $8,351 $15,337 $2,063 $2,405
2019 $8,741 $15,340 $2,224 $2,512
2018 $8,428 $14,690 $2,278 $2,494
2017 $7,988 $13,575 $2,144 $2,454
2016 $7,657 $13,493 $2,083 $2,421
2015 $7,354 $12,379 $2,045 $2,354
2014 $7,169 $12,136 $2,165 $2,377
2013 $7,072 $11,625 $2,161 $2,394
2012 $6,714 $10,989 $2,066 $2,320
2011 $6,528 $10,774 $1,924 $2,306
2010 $6,552 $10,561 $1,685 $2,182
2009 $6,464 $10,869 $1,555 $2,021
2008 $6,599 $10,902 $1,526 $1,989
2007 $6,398 $10,604 $1,390 $1,869
2006 $5,745 $9,949 $1,256 $1,786
2005 $5,157 $8,986 $1,144 $1,693
2004 $4,873 $8,472 $986 $1,556
2003 $4,500 $7,903 $896 $1,433
2002 $4,303 $7,250 $757 $1,344
2001 $4,071 $6,768 $912 $1,387
2000 $3,769 $6,503 $953 $1,503
1999 $3,447 $6,266 $1,134 $1,754
1998 $3,301 $6,026 $1,092 $1,785
1997 $3,074 $5,726 $1,292 $1,793
1996 $2,930 $5,440 $1,289 $1,830
1995 $2,795 $5,277 $1,220 $1,820
1994 $2,563 $4,802 $1,078 $1,668
1993 $2,540 $4,769 $829 $1,556
1992 $2,471 $4,477 $764 $1,505
1991 $2,271 $4,126 $666 $1,346
1990 $2,150 $3,960 $648 $1,266
1989 $1,930 - $538 -
1988 $1,814 - $567 -
1987 $1,596 - $515 -
1986 $1,472 - $506 -
1985 $1,342 - $586 -
1984 $1,254 - $665 -
1983 $1,144 - $686 -
1982 $1,074 - $756 -
1981 $972 - $786 -
1980 $790 - $768 -
1979 $687 - $658 -
1978 $592 - $500 -
1977 $484 - $434 -
1976 $324 - $401 -
1975 $331 - $372 -
1974 $331 - $433 -
1973 $306 - $291.3 -
1972 $282.1 - $219.5 -
1971 $207 - $277.1 -
1970 $192.3 - - -
1969 $175.2 - $165.9 -
1968 $163.1 - $166.9 -
1967 $170 - $153.5 -
1966 $174.9 - - -
1965 $166.2 - - -
1964 $164.4 - - -
1963 $154.9 - - -
1962 $166.5 - - -
1961 $163 - - -
1960 $154.8 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/saint-vincent/solomon-islands | CC BY

Saint Vincent's GDP per capita is $11,501, ranking 81/197, compared to $1,934 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Saint Vincent ranks 92nd at $21,272, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Saint Vincent Solomon Islands
Gross domestic product
$1.16B
2024
$1.58B
2024
GDP rank
186/197
2024
182/197
2024
GDP growth
4.06%
2023-2024
3%
2023-2024
GDP per capita
$11,501
2024
$1,934
2024
GDP per capita rank
81/197
2024
157/197
2024
GDP per capita, PPP
$21,272
2024
$2,675
2024
GDP per capita PPP rank
92/197
2024
183/197
2024
Government debt
$1.07B
2024
$350M
2024
Debt-to-GDP ratio
92.7%
2024
22.1%
2024
Government debt per person
$10,659
2024
$427
2024
Government debt per person rank
56/185
2024
169/185
2024
Average annual personal income after taxes
$12,573
2026
$1,776
2026
Income share by richest 10% n/a
29.2%
2012
Income share by poorest 10% n/a
2.8%
2012
Government expenditure, % of GDP
39.1%
2024
35.8%
2024
Consumer prices inflation
3.63%
2023-2024
4.32%
2023-2024
Unemployment rate
18.8%
2008
0.69%
2013
Population
99237
863951

Spending and national debt comparison by year

Saint Vincent
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Saint Vincent Solomon Islands
Government spending Government debt Government spending Government debt
2024 39.1% 92.7% 35.8% 22.1%
2023 38.9% 89.4% 40.1% 20.3%
2022 36.6% 86.3% 40.8% 15.5%
2021 37.2% 88.4% 37.8% 15.9%
2020 32.9% 80.2% 40.4% 12.8%
2019 29.2% 68.2% 35.6% 7.82%
2018 26.3% 69.4% 34.8% 7.95%
2017 26.6% 69% 40.4% 8.77%
2016 27.1% 79.4% 39.6% 7.54%
2015 27.6% 75.1% 41.5% 7.88%
2014 30.4% 75% 39.8% 10.1%
2013 29.4% 69.9% 41.8% 11.6%
2012 26.5% 68.1% 29.4% 13.3%
2011 29.4% 64% 27% 18.3%
2010 31.1% 61.1% 23.9% 22.9%
2009 31% 57.2% 24.8% 18.9%
2008 28.4% 50.3% 27% 28.9%
2007 27.1% 48.5% 23.7% 33%
2006 26.1% 44.7% 19.9% 42.3%
2005 26.7% 50.5% 17% 44.7%
2004 24.9% 58.6% 14.7% 58.2%
2003 26% 55.3% 14.9% 61.3%
2002 25.7% 53.2% 16.7% 65.7%
2001 24.4% 52% 18.1% 52.8%
2000 23.8% 54.3% 18.7% 44.3%
1999 25.2% 52.9% 18.7% 42%
1998 25.2% 39.5% 15.5% 39.5%
1997 26% 38.8% 19.3% 25.9%
1996 20.9% 40.7% 24.2% -
1995 19.9% 46.8% 24.7% -
1994 22.4% 52.8% 30.2% -
1993 22.3% 48.1% 33.2% -
1992 25.4% 49.6% 35.1% -
1991 25.5% 52.1% 39.4% -
1990 23.1% 53.9% 30% -
1989 27.6% - - -
1988 24.8% - - -
1987 23.7% - - -
1986 22.3% - - -
1985 21.4% - - -
1984 23.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/saint-vincent/solomon-islands | CC BY

In 2024, Saint Vincent's government spending was $453M, accounting for 39.1% of its GDP, while the Solomon Islands spent $567M, or 35.8% of GDP.

Debt-to-GDP ratio is 92.7% in Saint Vincent and 22.1% in the Solomon Islands, ranking 29/185 and 173/185, respectively.

Government deficit by year

Deficit/surplus
Saint Vincent

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Saint Vincent Solomon Islands
2024 -12.9% -3.08%
2023 -12% -3.81%
2022 -9.35% -2.51%
2021 -7.19% -1.86%
2020 -5.92% -2.44%
2019 -3.45% -1.52%
2018 -1.65% 1.49%
2017 -1.56% -2.27%
2016 0.04% -3.56%
2015 -2.01% 0.81%
2014 -2.82% 2.13%
2013 -5.81% 3.57%
2012 -1.81% 4.63%
2011 -3.5% 6.22%
2010 -3.7% 6.02%
2009 -2.85% 2.35%
2008 -1.3% 1.94%
2007 -3.07% 15.3%
2006 -3.13% 13%
2005 -4.3% 13.4%
2004 -2.71% 17%
2003 -2.51% 10.6%
2002 -2% -4.35%
2001 -1.6% -2.4%
2000 -0.82% -2.93%
1999 -1.93% -0.32%
1998 -1.81% 5.04%
1997 -2.77% 2.14%
1996 1.57% 3.73%
1995 1.08% 3.19%
1994 0.12% 4.33%
1993 -1.46% 2.45%
1992 -3.25% 4.13%
1991 -0.47% 0.14%
1990 1.69% 0.58%
1989 -1.92% -
1988 0.59% -
1987 1.1% -
1986 2.32% -
1985 4.23% -
1984 2.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20).

GeoRank.org/economy/saint-vincent/solomon-islands | CC BY

In 2024, Saint Vincent's government deficit, the difference between spending and revenue, was $149M, equivalent to 12.9% of GDP. This compares to the Solomon Islands' deficit of $48.8M, or 3.08% of GDP.

Over the past 35 years, Saint Vincent recorded a fiscal deficit in 30 of those years, while the Solomon Islands ran a deficit in 12 years. On average, Saint Vincent posted an annual deficit equal to 3% of GDP, compared to surplus of 2.66% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Saint Vincent

Solomon Islands
1x
Year Consumer prices inflation
Saint Vincent Solomon Islands
2024 3.63% 4.32%
2023 4.56% 5.89%
2022 5.66% 5.52%
2021 1.57% -0.12%
2020 -0.63% 2.96%
2019 0.91% 1.63%
2018 2.32% 3.46%
2017 2.15% 0.49%
2016 -0.15% 0.51%
2015 -1.73% -0.57%
2014 0.19% 5.17%
2013 0.81% 5.39%
2012 2.6% 5.91%
2011 3.19% 7.34%
2010 0.75% 1.05%
2009 0.42% 7.09%
2008 10.1% 17.3%
2007 7.24% 7.67%
2006 2.74% 11.2%
2005 3.73% 7.33%
2004 2.96% 6.99%
2003 0.21% 8.27%
2002 1.86% 10.9%
2001 0.9% 6.93%
2000 0.17% 7.89%
1999 1.01% 8.02%
1998 2.14% 12.4%
1997 0.44% 8.08%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/saint-vincent/solomon-islands | CC BY

Over the past 28 years, Saint Vincent has recorded an average annual inflation rate of 2.13%, compared with 6.04% in the Solomon Islands. In 2024, inflation was 3.63% in Saint Vincent and 4.32% in the Solomon Islands.

Balance of trade

Saint Vincent Solomon Islands
Current account balance
-$157M
2024
-$66.2M
2024
Current account balance ranking
93/190
2024
87/190
2024
Current account balance, % of GDP
-13.5%
2024
-4.18%
2024
Goods imports
$445M
2024
$609M
2024
Goods exports
$59.2M
2024
$510M
2024
Service imports
$196M
2024
$248M
2024
Service exports
$366M
2024
$133M
2024
Imports of goods and services, % of GDP n/a
70.8%
2024
Exports of goods and services, % of GDP
15.3%
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.

Saint Vincent Solomon Islands
Economic freedom 60 53.7
Economic freedom ranking 98/197 137/197
Property rights 65.2 55.8
Government integrity 63.3 42.7
Judicial effectiveness 76.9 59.1
Tax burden 82 71.3
Government spending 56.2 54.6
Fiscal health 2.8 83.3
Business freedom 67.3 52.3
Labor freedom 60.1 60.4
Monetary freedom 77.3 76.5
Trade freedom 58.8 43.6
Investment freedom 70 15
Financial freedom 40 30

Economic freedom comparison by year

Saint Vincent
Solomon Islands
1x
Year Economic freedom index
Saint Vincent Solomon Islands
2026 60 53.7
2025 60.1 56.3
2024 59.8 55
2023 63.5 56.9
2022 65.7 56.5
2021 66.3 56.5
2020 66.8 52.9
2019 65.8 54.6
2018 67.7 57.5
2017 65.2 55
2016 68.8 47
2015 68 47
2014 67 46.2
2013 66.7 45
2012 66.5 46.2
2011 66.9 45.9
2010 66.9 42.9
2009 64.3 46

Data sources: The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-03-09).

GeoRank.org/economy/saint-vincent/solomon-islands | CC BY

The Economic Freedom Index for Saint Vincent is 60, ranking 98/197, 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

Saint Vincent Solomon Islands
Services, % of GDP
66.4%
2024
46.9%
2024
Industry, % of GDP
15.4%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
3.55%
2024
29.7%
2024
GNI, Atlas method
$1.11B
2024
$1.57B
2024
GNI per capita, PPP
$21,150
2024
$2,680
2024
Total reserves including gold
$317M
2024
$688M
2023
Total reserves ranking
167/177
2024
149/177
2023
Net foreign direct investment
-$74M
2024
$19.9M
2024
Net inflows of foreign direct investment
$139M
2024
$33M
2024
Net outflows of foreign direct investment
-$1.92M
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI
3.84%
2024
1.64%
2024
Poverty at national poverty lines n/a
12.7%
2012
Gross capital formation, % of GDP n/a
19.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/saint-vincent/solomon-islands | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1984–1989, retrieved 2026-02-20)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.