The Seychelles vs the Solomon Islands: Economic Indicators Comparison

The Seychelles with a GDP of $1.6B ranked the 180th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, the Seychelles and the Solomon Islands ranked 45th vs 90th and 55th vs 145th, respectively.

Gross Domestic Product & Income

StatSeychellesSolomon Islands
GDP$1.6B$1.4B
GDP growth, 1 year3.6%3.4%
GDP growth, 5-years average4.6%3%
Population96k611k
GDP per capita$16k$2.1k
GDP per capita growth2.64%1.18%
Purchasing Power Parity conversion factor7.487.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.88
GDP per capita, PPP adjusted$31k$2.2k
GNI, Atlas method$1.5B$1.3B
GNI per capita$16k$2k
GNI, PPP adjusted$2.8B$1.5B
GNI per capita, PPP adjusted$29k$2.3k

Financial system and Human development

StatSeychellesSolomon Islands
Income Tax Rate15%40%
Corporate Tax Rate33%30%
Inflation, consumer prices3.7%1%
Inflation, GDP deflator4.1%3.5%
Unemployment3%1.8%
Economic Freedom Index64.352.9
Personal Freedom Index7.176.1
Human Freedom Index7.146.1
Property Rights Index68.354.6
Judical Effectiveness Index46.453.7
Business Freedom Index65.367.7
Fiscal Health Index93.276.6
Labor Freedom Index62.872
Investment Freedom Index5515
Financial Freedom Index3030
Trade Freedom Index82.648
Monetary Freedom Index78.684.3
Government Spending Index58.934.2
Tax Burden Index76.865.6
Government Integrity Index53.333.5
Corruption Perceptions Index6644
Life expectancy at birth, years74.372.6
Suicide mortality rate, per 100,000 people9.34.7
Mortality caused by road traffic injury, per 100,000 people15.917.4
Intentional homicides, per 100,000 people12.73.8
International tourism, number of arrivals362k28k

Government debt & reserves

StatSeychellesSolomon Islands
Central government debt, % of GDP58.2%12.1%
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 GDP10.2%3.2%
Gross capital formation, % of GDP32.5%14.6%
Total reserves including gold$549.5M$617.1M
Foreign direct investment net inflows$43.9M$12.1M

Exports, imports and economic structure

StatSeychellesSolomon Islands
Exports of goods and services, % of GDP87%45.1%
Imports of goods and services, % of GDP102.1%53.3%
Current account balance (balance of payments)-$269.4M-$50.6M
Revenue excluding grants, % of GDP36.4%33.8%
Grants excluding technical cooperation, BoP$13.8M$153.5M
Personal remittances received$22.7M$19.3M
Industry including construction value added, % of GDP10.9%N/A
Agriculture, forestry and fishing value added, % of GDP2%35%
Charges for the use of intellectual property, payments BoP$2.2M$4.4M
Charges for the use of intellectual property, receipts BoP$1.4M$599k
Expense, % of GDP33.3%31.9%
Government Expenditure, % of GDP37%46.8%

Compare with countries close by GDP per capita

Seychelles vs

CountryGDP
per capita
Population
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
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

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