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Economy of Solomon Islands vs Tonga compared: GDP & Debt

Updated on by Georank

The Solomon Islands has a GDP of $1.75B compared to $679M for Tonga, ranking 183/197 and 191/197 by economy size, respectively.

The Solomon Islands has $501M in government debt (28.7% of GDP), compared to $186M (27.4% of GDP) in Tonga.

Solomon Islands vs Tonga GDP by year

Solomon Islands
Tonga
1x
Year GDP, current $
Solomon Islands Tonga
2025 $1,749,572,443 $679,218,219
2024 $1,583,964,704 $647,488,244
2023 $1,506,124,566 $591,139,734
2022 $1,466,670,930 $556,514,556
2021 $1,558,312,104 $519,306,339
2020 $1,536,143,428 $506,571,487
2019 $1,619,150,564 $506,031,248
2018 $1,615,473,250 $493,530,767
2017 $1,469,790,526 $459,976,847
2016 $1,379,486,291 $420,828,255
2015 $1,307,908,814 $437,525,539
2014 $1,335,576,763 $440,997,735
2013 $1,285,905,958 $451,788,498
2012 $1,185,217,634 $471,122,971
2011 $1,063,898,227 $414,143,828
2010 $898,128,551 $366,887,375
2009 $805,557,289 $312,415,028
2008 $776,335,523 $344,438,844
2007 $695,291,218 $298,519,623
2006 $617,257,458 $292,232,703
2005 $552,881,357 $261,823,805
2004 $468,000,121 $230,678,011
2003 $417,666,639 $202,246,591
2002 $346,406,739 $182,764,281
2001 $409,508,553 $181,117,230
2000 $419,842,674 $204,848,488
1999 $488,024,514 $199,208,718
1998 $457,579,840 $191,504,893
1997 $526,554,006 $214,991,452
1996 $510,586,430 $222,100,576
1995 $469,443,202 $208,871,666
1994 $402,837,005 $195,990,986
1993 $300,746,361 $138,489,884
1992 $269,034,596 $137,066,291
1991 $227,540,473 $132,201,141
1990 $214,877,667 $113,563,822
1989 $172,882,411 $106,344,855
1988 $176,494,394 $106,657,267
1987 $155,128,542 $81,667,133
1986 $147,620,048 $68,195,856
1985 $165,524,943 $60,058,663
1984 $181,570,474 $64,248,355
1983 $181,220,399 $60,863,964
1982 $192,902,019 $62,068,161
1981 $193,750,541 $62,242,013
1980 $182,852,107 $53,260,077
1979 $151,276,496 $44,667,002
1978 $111,027,427 $41,567,472
1977 $93,145,283 $34,139,388
1976 $83,100,834 $30,036,417
1975 $74,620,320 $32,506,742
1974 $84,539,332 -
1973 $55,272,109 -
1972 $40,606,712 -
1971 $50,056,883 -
1970 - -
1969 $28,606,411 -
1968 $28,084,253 -
1967 $25,203,524 -

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/tonga | CC BY

GDP per capita in Solomon Islands vs Tonga by year

Solomon Islands
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Solomon Islands Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,086 - $6,547 -
2024 $1,934 $2,675 $6,215 -
2023 $1,883 $2,597 $5,652 $7,803
2022 $1,878 $2,496 $5,298 $7,296
2021 $2,043 $2,450 $4,923 $6,929
2020 $2,063 $2,405 $4,792 $6,676
2019 $2,224 $2,512 $4,789 $6,473
2018 $2,278 $2,494 $4,675 $6,393
2017 $2,144 $2,454 $4,366 $6,229
2016 $2,083 $2,421 $3,988 $5,920
2015 $2,045 $2,354 $4,124 $5,472
2014 $2,165 $2,377 $4,137 $5,336
2013 $2,161 $2,394 $4,219 $5,120
2012 $2,066 $2,320 $4,384 $4,996
2011 $1,924 $2,306 $3,850 $4,855
2010 $1,685 $2,182 $3,416 $4,465
2009 $1,555 $2,021 $2,914 $4,384
2008 $1,526 $1,989 $3,218 $4,600
2007 $1,390 $1,869 $2,797 $4,316
2006 $1,256 $1,786 $2,750 $4,327
2005 $1,144 $1,693 $2,478 $4,315
2004 $986 $1,556 $2,195 $4,235
2003 $896 $1,433 $1,936 $4,231
2002 $757 $1,344 $1,759 $4,171
2001 $912 $1,387 $1,754 $3,955
2000 $953 $1,503 $1,995 $3,834
1999 $1,134 $1,754 $1,952 $3,636
1998 $1,092 $1,785 $1,889 $3,527
1997 $1,292 $1,793 $2,136 $3,434
1996 $1,289 $1,830 $2,215 $3,410
1995 $1,220 $1,820 $2,084 $3,347
1994 $1,078 $1,668 $1,957 $3,088
1993 $829 $1,556 $1,383 $2,882
1992 $764 $1,505 $1,370 $2,716
1991 $666 $1,346 $1,323 $2,652
1990 $648 $1,266 $1,139 $2,416
1989 $538 - $1,070 -
1988 $567 - $1,078 -
1987 $515 - $830 -
1986 $506 - $696 -
1985 $586 - $613 -
1984 $665 - $656 -
1983 $686 - $621 -
1982 $756 - $633 -
1981 $786 - $636 -
1980 $768 - $545 -
1979 $658 - $458 -
1978 $500 - $428 -
1977 $434 - $353 -
1976 $401 - $315 -
1975 $372 - $349 -
1974 $433 - - -
1973 $291.3 - - -
1972 $219.5 - - -
1971 $277.1 - - -
1970 - - - -
1969 $165.9 - - -
1968 $166.9 - - -
1967 $153.5 - - -

Data sources: World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/tonga | CC BY

The Solomon Islands' GDP per capita is $2,086, ranking 157/197, compared to $6,547 in Tonga, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), the Solomon Islands ranks 183rd at $2,675, while Tonga ranks 144th at $7,803.

Economic indicators

Solomon Islands Tonga
Gross domestic product
$1.75B
2025
$679M
2025
GDP rank
183/197
2025
191/197
2025
GDP growth
3.62%
2024-2025
2.8%
2024-2025
GDP per capita
$2,086
2025
$6,547
2025
GDP per capita rank
157/197
2025
110/197
2025
GDP per capita, PPP
$2,675
2024
$7,803
2023
GDP per capita PPP rank
183/197
2024
144/197
2023
Government debt
$501M
2025
$186M
2025
Debt-to-GDP ratio
28.7%
2025
27.4%
2025
Government debt per person
$598
2025
$1,793
2025
Government debt per person rank
162/185
2025
123/185
2025
Average annual personal income after taxes
$1,986
2026
$4,104
2026
Income share by richest 10%
29.2%
2012
22%
2021
Income share by poorest 10%
2.8%
2012
4%
2021
Government expenditure, % of GDP
40.6%
2025
46.8%
2025
Consumer prices inflation
3.36%
2024-2025
5.59%
2024-2025
Unemployment rate
0.69%
2013
1.65%
2023
Population
868694
103283

Spending and national debt comparison by year

Solomon Islands
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Solomon Islands Tonga
Government spending Government debt Government spending Government debt
2025 40.6% 28.7% 46.8% 27.4%
2024 39.6% 26.1% 44.3% 31.9%
2023 44.2% 22.3% 41.5% 37.2%
2022 43.5% 16.5% 41.3% 40.2%
2021 36.9% 16.1% 44.5% 43%
2020 40.4% 9.15% 37.1% 41.7%
2019 35.6% 7.82% 39% 41.8%
2018 34.8% 7.95% 39.3% 45.5%
2017 40.4% 8.77% 39.7% 44.7%
2016 39.6% 7.54% 37.2% 49.4%
2015 41.5% 7.88% 37.4% 51.1%
2014 39.8% 10.1% 31.5% 47.4%
2013 41.8% 11.6% 34.3% 48.9%
2012 29.4% 13.3% 32% 60%
2011 26.7% 18.1% 32.6% 51.9%
2010 22.6% 21.6% 28.4% 44.7%
2009 22.7% 17.2% 23.9% 39.7%
2008 24.3% 26.1% 24% 34%
2007 21.1% 29.5% 23.2% 37.8%
2006 17.4% 36.9% 25.6% 39.6%
2005 14.7% 38.5% 19.8% 43.3%
2004 12.5% 49.4% 19.3% 52.2%
2003 12.6% 51.8% 20% 56.2%
2002 14.1% 55.5% 21.3% 60.7%
2001 15.3% 44.6% 19.1% 53.4%
2000 15.8% 37.4% 20% 43.6%
1999 15.8% 35.4% 18.8% 38.4%
1998 13.1% 33.3% - -
1997 16.3% 21.9% - -
1996 20.4% - - -
1995 20.8% - - -
1994 25.5% - - -
1993 28.1% - - -
1992 29.6% - - -
1991 33.2% - - -
1990 25.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/tonga | CC BY

In 2025, the Solomon Islands' government spending was $711M, accounting for 40.6% of its GDP, while Tonga spent $318M, or 46.8% of GDP.

Debt-to-GDP ratio is 28.7% in the Solomon Islands and 27.4% in Tonga, ranking 158/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Solomon Islands

Tonga
1x
Year Deficit/surplus, % of GDP
Solomon Islands Tonga
2025 -3.24% 4.86%
2024 -2.09% 3.6%
2023 -4.13% 5.28%
2022 -2.7% -0.09%
2021 -1.82% -0.87%
2020 -2.44% 5.15%
2019 -1.52% 3.2%
2018 1.49% 2.9%
2017 -2.27% 3.58%
2016 -3.56% 1.47%
2015 0.81% -2.75%
2014 2.13% 6.38%
2013 3.57% -1.3%
2012 4.63% -1.74%
2011 6.14% -6.02%
2010 5.67% -1.22%
2009 2.15% 6.85%
2008 1.75% 2.14%
2007 13.7% 5.39%
2006 11.3% 1.34%
2005 11.5% 4.23%
2004 14.5% 4.23%
2003 8.91% 2.37%
2002 -3.67% 2.59%
2001 -2.02% 2.23%
2000 -2.47% 1.35%
1999 -0.27% 1.55%
1998 4.25% -
1997 1.8% -
1996 3.15% -
1995 2.69% -
1994 3.65% -
1993 2.07% -
1992 3.48% -
1991 0.12% -
1990 0.49% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/tonga | CC BY

In 2025, the Solomon Islands' government deficit, the difference between spending and revenue, was $56.6M, equivalent to 3.24% of GDP. This compares to Tonga's surplus of $33M, or 4.86% of GDP.

Over the past 27 years, the Solomon Islands recorded a fiscal deficit in 13 of those years, while Tonga ran a deficit in 7 years. On average, the Solomon Islands posted an annual surplus equal to 2.08% of GDP, compared to surplus of 2.1% of GDP for Tonga.

Inflation comparison by year

Inflation
Solomon Islands

Tonga
1x
Year Consumer prices inflation
Solomon Islands Tonga
2025 3.36% 5.59%
2024 4.32% 3.18%
2023 5.89% 6.35%
2022 5.52% 11%
2021 -0.12% 5.64%
2020 2.96% -0.35%
2019 1.63% 1.18%
2018 3.46% 5.03%
2017 0.49% 7.52%
2016 0.51% 2.58%
2015 -0.57% -1.05%
2014 5.17% 2.51%
2013 5.39% 0.78%
2012 5.91% 1.15%
2011 7.34% 6.27%
2010 1.05% 3.53%
2009 7.09% 1.43%
2008 17.3% 10.4%
2007 7.67% 5.84%
2006 11.2% 6.15%
2005 7.33% 8.67%
2004 6.99% 11%
2003 8.27% 11.6%
2002 10.9% 10.4%
2001 6.93% 8.29%
2000 7.89% 6.33%
1999 8.02% 4.46%
1998 12.4% 3.27%
1997 8.08% 2.12%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/tonga | CC BY

Over the past 29 years, the Solomon Islands has recorded an average annual inflation rate of 5.95%, compared with 5.2% in Tonga. In 2025, inflation was 3.36% in the Solomon Islands and 5.59% in Tonga.

Top exports between countries

Solomon Islands
Export category Export value
Processed food, beverages & tobacco $107K
Machinery & equipment $7K
Tonga
Export category Export value
Processed food, beverages & tobacco $53K
Chemicals & pharma $17K

Balance of trade

Solomon Islands Tonga
Current account balance
-$66.2M
2024
-$43.5M
2024
Current account balance ranking
78/190
2024
76/190
2024
Current account balance, % of GDP
-4.18%
2024
-6.72%
2024
Goods imports
$609M
2024
$232M
2024
Goods exports
$510M
2024
$10.8M
2024
Service imports
$248M
2024
$161M
2024
Service exports
$133M
2024
$93.6M
2024
Imports of goods and services, % of GDP
70.8%
2024
60.7%
2024
Exports of goods and services, % of GDP
40.6%
2024
16.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Solomon Islands Tonga
Economic freedom 53.7 58.9
Economic freedom ranking 137/197 107/197
Property rights 55.8 71.1
Government integrity 42.7 45.1
Judicial effectiveness 59.1 64.9
Tax burden 71.3 85.6
Government spending 54.6 31
Fiscal health 83.3 97.3
Business freedom 52.3 59.2
Labor freedom 60.4 55.9
Monetary freedom 76.5 61
Trade freedom 43.6 75.4
Investment freedom 15 40
Financial freedom 30 20

Economic freedom comparison by year

Solomon Islands
Tonga
1x
Year Economic freedom index
Solomon Islands Tonga
2026 53.7 58.9
2025 56.3 58.5
2024 55 59.2
2023 56.9 60
2022 56.5 60.8
2021 56.5 57.5
2020 52.9 58.8
2019 54.6 57.7
2018 57.5 63.1
2017 55 63
2016 47 59.6
2015 47 59.3
2014 46.2 58.2
2013 45 56
2012 46.2 57
2011 45.9 55.8
2010 42.9 53.4
2009 46 54.1

Data sources: The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/tonga | CC BY

The Economic Freedom Index for the Solomon Islands is 53.7, ranking 137/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Solomon Islands Tonga
Services, % of GDP
46.9%
2024
49.5%
2024
Industry, % of GDP
23.4%
2024
17.7%
2024
Agriculture, forestry, and fishing, % of GDP
29.7%
2024
18.6%
2024
GNI, Atlas method
$1.7B
2025
$709M
2025
GNI per capita, PPP
$2,790
2025
$9,240
2025
Total reserves including gold
$686M
2024
$413M
2025
Total reserves ranking
148/177
2024
162/177
2025
Net foreign direct investment
$19.9M
2024
$13.3M
2024
Net inflows of foreign direct investment
$33M
2024
-$12.1M
2024
Net outflows of foreign direct investment
$52.9M
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
1.64%
2024
6.33%
2024
Poverty at national poverty lines
12.7%
2012
20.6%
2021
Gross capital formation, % of GDP
19.5%
2024
26.4%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/tonga | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1967–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (2009–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.