Serbia vs the Solomon Islands: Economic Indicators Comparison

Serbia with a GDP of $50.6B ranked the 84th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Serbia and the Solomon Islands ranked 131st vs 90th and 90th vs 145th, respectively.

Gross Domestic Product & Income

StatSerbiaSolomon Islands
GDP$50.6B$1.4B
GDP growth, 1 year4.4%3.4%
GDP growth, 5-years average2%3%
Population7M611k
GDP per capita$7.2k$2.1k
GDP per capita growth4.97%1.18%
Purchasing Power Parity conversion factor41.647.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.420.88
GDP per capita, PPP adjusted$18k$2.2k
GNI, Atlas method$44.6B$1.3B
GNI per capita$6.4k$2k
GNI, PPP adjusted$115.5B$1.5B
GNI per capita, PPP adjusted$17k$2.3k

Financial system and Human development

StatSerbiaSolomon Islands
Income Tax Rate10%40%
Corporate Tax Rate15%30%
Inflation, consumer prices2%1%
Inflation, GDP deflator2.1%3.5%
Unemployment13.5%1.8%
Economic Freedom Index6652.9
Personal Freedom Index7.846.1
Human Freedom Index7.196.1
Property Rights Index55.454.6
Judical Effectiveness Index46.853.7
Business Freedom Index72.667.7
Fiscal Health Index94.176.6
Labor Freedom Index66.972
Investment Freedom Index7015
Financial Freedom Index5030
Trade Freedom Index7848
Monetary Freedom Index80.784.3
Government Spending Index49.734.2
Tax Burden Index83.765.6
Government Integrity Index4433.5
Corruption Perceptions Index3944
Life expectancy at birth, years76.172.6
Suicide mortality rate, per 100,000 people15.64.7
Mortality caused by road traffic injury, per 100,000 people7.417.4
Intentional homicides, per 100,000 people1.13.8
International tourism, number of arrivals1.7M28k

Government debt & reserves

StatSerbiaSolomon Islands
Central government debt, % of GDP54.3%12.1%
External debt stocks, % of GNI71.7%29.1%
External debt stocks$34.3B$388.5M
Short-term debt, % of total reserves16.4%7%
Total debt service, % of exports and primary income22.3%5.6%
Adjusted net savings including particulate emission damage, % of GNI-3.2%-13.3%
Gross savings, % of GDP18.6%3.2%
Gross capital formation, % of GDP22.7%14.6%
Total reserves including gold$12.9B$617.1M
Foreign direct investment net inflows$4.1B$12.1M

Exports, imports and economic structure

StatSerbiaSolomon Islands
Exports of goods and services, % of GDP50.8%45.1%
Imports of goods and services, % of GDP59.3%53.3%
Current account balance (balance of payments)-$2.6B-$50.6M
Revenue excluding grants, % of GDP32.8%33.8%
Grants excluding technical cooperation, BoP$334.6M$153.5M
Personal remittances received$4.3B$19.3M
Industry including construction value added, % of GDP25.5%N/A
Agriculture, forestry and fishing value added, % of GDP6.3%35%
Charges for the use of intellectual property, payments BoP$289.7M$4.4M
Charges for the use of intellectual property, receipts BoP$57.9M$599k
Expense, % of GDP36.9%31.9%
Government Expenditure, % of GDP40.9%46.8%

Compare with countries close by GDP per capita

Serbia vs

CountryGDP
per capita
Population
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
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M

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