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

StatSingaporeSolomon Islands
GDP$364.2B$1.4B
GDP growth, 1 year3.2%3.4%
GDP growth, 5-years average3.3%3%
Population5.9M611k
GDP per capita$65k$2.1k
GDP per capita growth2.66%1.18%
Purchasing Power Parity conversion factor0.867.02
Price level ratio of PPP conversion factor GDP to market exchange rate0.640.88
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

StatSingaporeSolomon Islands
Income Tax Rate22%40%
Corporate Tax Rate17%30%
Inflation, consumer prices0.4%1%
Inflation, GDP deflator1.9%3.5%
Unemployment3.8%1.8%
Economic Freedom Index89.452.9
Personal Freedom Index7.446.1
Human Freedom Index8.16.1
Property Rights Index96.854.6
Judical Effectiveness Index92.953.7
Business Freedom Index92.867.7
Fiscal Health Index8076.6
Labor Freedom Index90.972
Investment Freedom Index8515
Financial Freedom Index8030
Trade Freedom Index94.848
Monetary Freedom Index85.684.3
Government Spending Index91.134.2
Tax Burden Index90.365.6
Government Integrity Index92.433.5
Corruption Perceptions Index8544
Life expectancy at birth, years82.972.6
Suicide mortality rate, per 100,000 people9.94.7
Mortality caused by road traffic injury, per 100,000 people2.817.4
Intentional homicides, per 100,000 people0.23.8
International tourism, number of arrivals14.7M28k

Government debt & reserves

StatSingaporeSolomon Islands
Central government debt, % of GDP108.3%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 GNI36.8%-13.3%
Gross savings, % of GDP45.8%3.2%
Gross capital formation, % of GDP26.6%14.6%
Total reserves including gold$292.7B$617.1M
Foreign direct investment net inflows$82B$12.1M

Exports, imports and economic structure

StatSingaporeSolomon Islands
Exports of goods and services, % of GDP176.4%45.1%
Imports of goods and services, % of GDP149.8%53.3%
Current account balance (balance of payments)$65.1B-$50.6M
Revenue excluding grants, % of GDP18.8%33.8%
Grants excluding technical cooperation, BoP$1.6M$153.5M
Personal remittances receivedN/A$19.3M
Industry including construction value added, % of GDP25.2%N/A
Agriculture, forestry and fishing value added, % of GDP0%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 GDP15.2%31.9%
Government Expenditure, % of GDP17.2%46.8%

Compare with countries close by GDP per capita

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

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