Singapore vs the Solomon Islands: Economic Indicators Comparison
Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Singapore and the Solomon Islands ranked 76th vs 90th and 10th vs 145th, respectively.
Gross Domestic Product & Income
| Stat |  Singapore |  Solomon Islands |
|---|---|---|
| GDP | $364.2B | $1.4B |
| GDP growth, 1 year | 3.2% | 3.4% |
| GDP growth, 5-years average | 3.3% | 3% |
| Population | 5.9M | 611k |
| GDP per capita | $65k | $2.1k |
| GDP per capita growth | 2.66% | 1.18% |
| Purchasing Power Parity conversion factor | 0.86 | 7.02 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.64 | 0.88 |
| GDP per capita, PPP adjusted | $100k | $2.2k |
| GNI, Atlas method | $331.4B | $1.3B |
| GNI per capita | $59k | $2k |
| GNI, PPP adjusted | $533.8B | $1.5B |
| GNI per capita, PPP adjusted | $95k | $2.3k |
Financial system and Human development
| Stat | Singapore | Solomon Islands |
|---|---|---|
| Income Tax Rate | 22% | 40% |
| Corporate Tax Rate | 17% | 30% |
| Inflation, consumer prices | 0.4% | 1% |
| Inflation, GDP deflator | 1.9% | 3.5% |
| Unemployment | 3.8% | 1.8% |
| Economic Freedom Index | 89.4 | 52.9 |
| Personal Freedom Index | 7.44 | 6.1 |
| Human Freedom Index | 8.1 | 6.1 |
| Property Rights Index | 96.8 | 54.6 |
| Judical Effectiveness Index | 92.9 | 53.7 |
| Business Freedom Index | 92.8 | 67.7 |
| Fiscal Health Index | 80 | 76.6 |
| Labor Freedom Index | 90.9 | 72 |
| Investment Freedom Index | 85 | 15 |
| Financial Freedom Index | 80 | 30 |
| Trade Freedom Index | 94.8 | 48 |
| Monetary Freedom Index | 85.6 | 84.3 |
| Government Spending Index | 91.1 | 34.2 |
| Tax Burden Index | 90.3 | 65.6 |
| Government Integrity Index | 92.4 | 33.5 |
| Corruption Perceptions Index | 85 | 44 |
| Life expectancy at birth, years | 82.9 | 72.6 |
| Suicide mortality rate, per 100,000 people | 9.9 | 4.7 |
| Mortality caused by road traffic injury, per 100,000 people | 2.8 | 17.4 |
| Intentional homicides, per 100,000 people | 0.2 | 3.8 |
| International tourism, number of arrivals | 14.7M | 28k |
Government debt & reserves
| Stat | Singapore | Solomon Islands |
|---|---|---|
| Central government debt, % of GDP | 108.3% | 12.1% |
| External debt stocks, % of GNI | N/A | 29.1% |
| External debt stocks | N/A | $388.5M |
| Short-term debt, % of total reserves | N/A | 7% |
| Total debt service, % of exports and primary income | N/A | 5.6% |
| Adjusted net savings including particulate emission damage, % of GNI | 36.8% | -13.3% |
| Gross savings, % of GDP | 45.8% | 3.2% |
| Gross capital formation, % of GDP | 26.6% | 14.6% |
| Total reserves including gold | $292.7B | $617.1M |
| Foreign direct investment net inflows | $82B | $12.1M |
Exports, imports and economic structure
| Stat | Singapore | Solomon Islands |
|---|---|---|
| Exports of goods and services, % of GDP | 176.4% | 45.1% |
| Imports of goods and services, % of GDP | 149.8% | 53.3% |
| Current account balance (balance of payments) | $65.1B | -$50.6M |
| Revenue excluding grants, % of GDP | 18.8% | 33.8% |
| Grants excluding technical cooperation, BoP | $1.6M | $153.5M |
| Personal remittances received | N/A | $19.3M |
| Industry including construction value added, % of GDP | 25.2% | N/A |
| Agriculture, forestry and fishing value added, % of GDP | 0% | 35% |
| Charges for the use of intellectual property, payments BoP | $15.2B | $4.4M |
| Charges for the use of intellectual property, receipts BoP | $8.7B | $599k |
| Expense, % of GDP | 15.2% | 31.9% |
| Government Expenditure, % of GDP | 17.2% | 46.8% |
