The Solomon Islands vs Tanzania: Economic Indicators Comparison
Tanzania with a GDP of $58B ranked the 80th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Tanzania and the Solomon Islands ranked 18th vs 90th and 169th vs 145th, respectively.
Gross Domestic Product & Income
Stat | Solomon Islands | Tanzania |
---|---|---|
GDP | $1.4B | $58B |
GDP growth, 1 year | 3.4% | 6.6% |
GDP growth, 5-years average | 3% | 6.6% |
Population | 611k | 57.3M |
GDP per capita | $2.1k | $1.1k |
GDP per capita growth | 1.18% | 2.12% |
Purchasing Power Parity conversion factor | 7.02 | 741.25 |
Price level ratio of PPP conversion factor GDP to market exchange rate | 0.88 | 0.33 |
GDP per capita, PPP adjusted | $2.2k | $3.4k |
GNI, Atlas method | $1.3B | $55.7B |
GNI per capita | $2k | $1k |
GNI, PPP adjusted | $1.5B | $171.7B |
GNI per capita, PPP adjusted | $2.3k | $3.2k |
Financial system and Human development
Stat | Solomon Islands | Tanzania |
---|---|---|
Income Tax Rate | 40% | 30% |
Corporate Tax Rate | 30% | 30% |
Inflation, consumer prices | 1% | 3.5% |
Inflation, GDP deflator | 3.5% | 4.8% |
Unemployment | 1.8% | 1.9% |
Economic Freedom Index | 52.9 | 61.7 |
Personal Freedom Index | 6.1 | 6.51 |
Human Freedom Index | 6.1 | 6.37 |
Property Rights Index | 54.6 | 41.9 |
Judical Effectiveness Index | 53.7 | 43.4 |
Business Freedom Index | 67.7 | 45.9 |
Fiscal Health Index | 76.6 | 92.9 |
Labor Freedom Index | 72 | 66.4 |
Investment Freedom Index | 15 | 55 |
Financial Freedom Index | 30 | 50 |
Trade Freedom Index | 48 | 67.8 |
Monetary Freedom Index | 84.3 | 72.2 |
Government Spending Index | 34.2 | 91.6 |
Tax Burden Index | 65.6 | 80.6 |
Government Integrity Index | 33.5 | 32.5 |
Corruption Perceptions Index | 44 | 36 |
Life expectancy at birth, years | 72.6 | 64.5 |
Suicide mortality rate, per 100,000 people | 4.7 | 5.4 |
Mortality caused by road traffic injury, per 100,000 people | 17.4 | 29.2 |
Intentional homicides, per 100,000 people | 3.8 | 7 |
International tourism, number of arrivals | 28k | 1.4M |
Government debt & reserves
Stat | Solomon Islands | Tanzania |
---|---|---|
Central government debt, % of GDP | 12.1% | 36% |
External debt stocks, % of GNI | 29.1% | 33.1% |
External debt stocks | $388.5M | $18.6B |
Short-term debt, % of total reserves | 7% | 35.9% |
Total debt service, % of exports and primary income | 5.6% | 8.4% |
Adjusted net savings including particulate emission damage, % of GNI | -13.3% | 23.1% |
Gross savings, % of GDP | 3.2% | 30.5% |
Gross capital formation, % of GDP | 14.6% | 34% |
Total reserves including gold | $617.1M | $5B |
Foreign direct investment net inflows | $12.1M | $1.1B |
Exports, imports and economic structure
Stat | Solomon Islands | Tanzania |
---|---|---|
Exports of goods and services, % of GDP | 45.1% | 15.1% |
Imports of goods and services, % of GDP | 53.3% | 17.1% |
Current account balance (balance of payments) | -$50.6M | -$1.9B |
Revenue excluding grants, % of GDP | 33.8% | 13.7% |
Grants excluding technical cooperation, BoP | $153.5M | $1.6B |
Personal remittances received | $19.3M | $412.9M |
Industry including construction value added, % of GDP | N/A | 25.1% |
Agriculture, forestry and fishing value added, % of GDP | 35% | 28.7% |
Charges for the use of intellectual property, payments BoP | $4.4M | $6.1M |
Charges for the use of intellectual property, receipts BoP | $599k | $83k |
Expense, % of GDP | 31.9% | 14.3% |
Government Expenditure, % of GDP | 46.8% | 16.8% |