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Economy of Solomon Islands vs Trinidad and Tobago compared: GDP & Debt

Updated on by Georank

The Solomon Islands has a GDP of $1.75B compared to $25.9B for Trinidad and Tobago, ranking 183/197 and 122/197 by economy size, respectively.

The Solomon Islands has $501M in government debt (28.7% of GDP), compared to $21.8B (84.2% of GDP) in Trinidad and Tobago.

Solomon Islands vs Trinidad and Tobago GDP by year

Solomon Islands
Trinidad and Tobago
1x
Year GDP, current $
Solomon Islands Trinidad
2025 $1,749,572,443 $25,942,749,718
2024 $1,583,964,704 $25,633,544,529
2023 $1,506,124,566 $25,036,993,423
2022 $1,466,670,930 $28,341,164,301
2021 $1,558,312,104 $24,222,963,263
2020 $1,536,143,428 $20,888,515,184
2019 $1,619,150,564 $23,477,745,792
2018 $1,615,473,250 $23,883,058,083
2017 $1,469,790,526 $23,830,750,901
2016 $1,379,486,291 $23,624,322,193
2015 $1,307,908,814 $26,841,141,793
2014 $1,335,576,763 $29,474,180,005
2013 $1,285,905,958 $28,560,537,057
2012 $1,185,217,634 $27,147,349,937
2011 $1,063,898,227 $25,433,007,437
2010 $898,128,551 $22,157,920,592
2009 $805,557,289 $19,172,165,226
2008 $776,335,523 $27,871,587,350
2007 $695,291,218 $21,641,620,050
2006 $617,257,458 $18,369,361,094
2005 $552,881,357 $15,982,389,018
2004 $468,000,121 $13,280,291,990
2003 $417,666,639 $11,305,459,802
2002 $346,406,739 $9,008,298,229
2001 $409,508,553 $8,824,849,191
2000 $419,842,674 $8,154,342,116
1999 $488,024,514 $6,808,982,521
1998 $457,579,840 $6,043,686,654
1997 $526,554,006 $5,737,771,523
1996 $510,586,430 $5,759,570,336
1995 $469,443,202 $5,329,217,747
1994 $402,837,005 $4,947,181,646
1993 $300,746,361 $4,669,491,134
1992 $269,034,596 $5,439,552,941
1991 $227,540,473 $5,307,905,882
1990 $214,877,667 $5,068,000,000
1989 $172,882,411 $4,323,058,824
1988 $176,494,394 $4,496,910,569
1987 $155,128,542 $4,797,777,778
1986 $147,620,048 $4,794,444,444
1985 $165,524,943 $7,375,918,367
1984 $181,570,474 $7,757,083,333
1983 $181,220,399 $7,763,750,000
1982 $192,902,019 $8,140,416,667
1981 $193,750,541 $6,992,083,333
1980 $182,852,107 $6,235,833,333
1979 $151,276,496 $4,602,416,625
1978 $111,027,427 $3,562,333,458
1977 $93,145,283 $3,138,666,667
1976 $83,100,834 $2,500,424,955
1975 $74,620,320 $2,442,669,825
1974 $84,539,332 $2,042,001,071
1973 $55,272,109 $1,308,785,431
1972 $40,606,712 $1,083,391,758
1971 $50,056,883 $896,765,215
1970 - $821,850,000
1969 $28,606,411 $779,200,000
1968 $28,084,253 $758,899,950
1967 $25,203,524 $761,981,912
1966 - $723,739,857
1965 - $736,573,159
1964 - $711,897,520
1963 - $678,239,329
1962 - $619,322,810
1961 - $584,964,621
1960 - $535,673,252

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/trinidad-and-tobago | CC BY

GDP per capita in Solomon Islands vs Trinidad and Tobago by year

Solomon Islands
GDP per capita

GDP per capita, PPP
Trinidad and Tobago
GDP per capita

GDP per capita, PPP
1x
Year Current $
Solomon Islands Trinidad
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $2,086 - $18,967 -
2024 $1,934 $2,675 $18,733 $36,329
2023 $1,883 $2,597 $18,308 $34,623
2022 $1,878 $2,496 $20,751 $32,979
2021 $2,043 $2,450 $17,713 $30,482
2020 $2,063 $2,405 $15,284 $26,731
2019 $2,224 $2,512 $17,213 $29,316
2018 $2,278 $2,494 $17,571 $28,673
2017 $2,144 $2,454 $17,566 $28,484
2016 $2,083 $2,421 $17,449 $28,232
2015 $2,045 $2,354 $19,887 $29,825
2014 $2,165 $2,377 $21,908 $32,027
2013 $2,161 $2,394 $21,305 $31,746
2012 $2,066 $2,320 $20,332 $31,883
2011 $1,924 $2,306 $19,151 $31,078
2010 $1,685 $2,182 $16,815 $30,778
2009 $1,555 $2,021 $14,634 $29,602
2008 $1,526 $1,989 $21,299 $30,807
2007 $1,390 $1,869 $16,607 $29,355
2006 $1,256 $1,786 $14,153 $27,393
2005 $1,144 $1,693 $12,346 $23,536
2004 $986 $1,556 $9,871 $20,674
2003 $896 $1,433 $8,445 $18,743
2002 $757 $1,344 $6,763 $16,141
2001 $912 $1,387 $6,657 $14,797
2000 $953 $1,503 $6,179 $13,953
1999 $1,134 $1,754 $5,179 $12,812
1998 $1,092 $1,785 $4,613 $11,735
1997 $1,292 $1,793 $4,394 $10,769
1996 $1,289 $1,830 $4,427 $9,883
1995 $1,220 $1,820 $4,115 $9,099
1994 $1,078 $1,668 $3,840 $8,631
1993 $829 $1,556 $3,647 $8,209
1992 $764 $1,505 $4,277 $8,129
1991 $666 $1,346 $4,205 $7,274
1990 $648 $1,266 $4,047 $6,878
1989 $538 - $3,482 -
1988 $567 - $3,656 -
1987 $515 - $3,941 -
1986 $506 - $3,985 -
1985 $586 - $6,212 -
1984 $665 - $6,613 -
1983 $686 - $6,690 -
1982 $756 - $7,091 -
1981 $786 - $6,160 -
1980 $768 - $5,559 -
1979 $658 - $4,155 -
1978 $500 - $3,258 -
1977 $434 - $2,907 -
1976 $401 - $2,345 -
1975 $372 - $2,319 -
1974 $433 - $1,962 -
1973 $291.3 - $1,273 -
1972 $219.5 - $1,067 -
1971 $277.1 - $894 -
1970 - - $829 -
1969 $165.9 - $795 -
1968 $166.9 - $783 -
1967 $153.5 - $797 -
1966 - - $768 -
1965 - - $793 -
1964 - - $780 -
1963 - - $756 -
1962 - - $704 -
1961 - - $678 -
1960 - - $634 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/trinidad-and-tobago | CC BY

The Solomon Islands' GDP per capita is $2,086, ranking 157/197, compared to $18,967 in Trinidad and Tobago, ranking 65/197. Adjusted for purchasing power (GDP per capita PPP), the Solomon Islands ranks 183rd at $2,675, while Trinidad and Tobago ranks 62nd at $36,329.

Economic indicators

Solomon Islands Trinidad
Gross domestic product
$1.75B
2025
$25.9B
2025
GDP rank
183/197
2025
122/197
2025
GDP growth
3.62%
2024-2025
-0.79%
2024-2025
GDP per capita
$2,086
2025
$18,967
2025
GDP per capita rank
157/197
2025
65/197
2025
GDP per capita, PPP
$2,675
2024
$36,329
2024
GDP per capita PPP rank
183/197
2024
62/197
2024
Government debt
$501M
2025
$21.8B
2025
Debt-to-GDP ratio
28.7%
2025
84.2%
2025
Government debt per person
$598
2025
$15,965
2025
Government debt per person rank
162/185
2025
43/185
2025
Average annual personal income after taxes
$1,986
2026
$10,176
2026
Market capitalization of domestic companies n/a
$3.89B
2001
Income share by richest 10%
29.2%
2012
29.9%
1992
Income share by poorest 10%
2.8%
2012
2.1%
1992
Government expenditure, % of GDP
40.6%
2025
32.4%
2025
Consumer prices inflation
3.36%
2024-2025
0.99%
2024-2025
Central bank interest rate n/a
3.5%
2020
Unemployment rate
0.69%
2013
4.01%
2024
Population
868694
1370916

Spending and national debt comparison by year

Solomon Islands
Spending

Debt
Trinidad and Tobago
Spending

Debt
1x
Year % of GDP
Solomon Islands Trinidad
Government spending Government debt Government spending Government debt
2025 40.6% 28.7% 32.4% 84.2%
2024 39.6% 26.1% 32.2% 81.8%
2023 44.2% 22.3% 32.4% 78.2%
2022 43.5% 16.5% 28.3% 69.9%
2021 36.9% 16.1% 31.4% 80.2%
2020 40.4% 9.15% 35.1% 81.6%
2019 35.6% 7.82% 31% 62.9%
2018 34.8% 7.95% 30.2% 58.1%
2017 40.4% 8.77% 30.9% 57.2%
2016 39.6% 7.54% 31.2% 53.3%
2015 41.5% 7.88% 34.1% 43.2%
2014 39.8% 10.1% 33% 37.1%
2013 41.8% 11.6% 31.7% 32.9%
2012 29.4% 13.3% 29.9% 32.9%
2011 26.7% 18.1% 30.4% 39.2%
2010 22.6% 21.6% 31.5% 28.9%
2009 22.7% 17.2% 33.4% 34.2%
2008 24.3% 26.1% 28.2% 24.6%
2007 21.1% 29.5% 26.8% 29.4%
2006 17.4% 36.9% 34.6% 32.7%
2005 14.7% 38.5% 29.5% 36.6%
2004 12.5% 49.4% 23.3% 43.3%
2003 12.6% 51.8% 23.5% 52.4%
2002 14.1% 55.5% 24.6% 58.2%
2001 15.3% 44.6% 25.2% 54.2%
2000 15.8% 37.4% 24.1% 52.3%
1999 15.8% 35.4% 24.8% 55.2%
1998 13.1% 33.3% 27.3% 47.4%
1997 16.3% 21.9% 27.4% 51.3%
1996 20.4% - 28.2% 51.9%
1995 20.8% - 26.7% 57.3%
1994 25.5% - 26.5% 64.8%
1993 28.1% - 27.3% 59.6%
1992 29.6% - 28.8% 49.5%
1991 33.2% - 30% 50%
1990 25.4% - 27.9% 49.5%
1989 - - 30.9% 51.9%
1988 - - 45.3% 65.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/trinidad-and-tobago | CC BY

In 2025, the Solomon Islands' government spending was $711M, accounting for 40.6% of its GDP, while Trinidad and Tobago spent $8.39B, or 32.4% of GDP.

Debt-to-GDP ratio is 28.7% in the Solomon Islands and 84.2% in Trinidad and Tobago, ranking 158/185 and 37/185, respectively.

Government deficit by year

Deficit/surplus
Solomon Islands

Trinidad and Tobago
1x
Year Deficit/surplus, % of GDP
Solomon Islands Trinidad
2025 -3.24% -5.46%
2024 -2.09% -5.92%
2023 -4.13% -1.2%
2022 -2.7% 0.96%
2021 -1.82% -8.39%
2020 -2.44% -11.8%
2019 -1.52% -3.72%
2018 1.49% -5.89%
2017 -2.27% -10.5%
2016 -3.56% -9.84%
2015 0.81% -7.37%
2014 2.13% -4.34%
2013 3.57% -2.7%
2012 4.63% -1.28%
2011 6.14% -0.69%
2010 5.67% 0.14%
2009 2.15% -4.88%
2008 1.75% 5.7%
2007 13.7% 3.24%
2006 11.3% -0.3%
2005 11.5% 0.84%
2004 14.5% 1.91%
2003 8.91% 1.9%
2002 -3.67% -0.2%
2001 -2.02% 0.62%
2000 -2.47% 0.18%
1999 -0.27% -0.9%
1998 4.25% -1.83%
1997 1.8% 0.11%
1996 3.15% -0.46%
1995 2.69% 0.17%
1994 3.65% -0.02%
1993 2.07% 0.24%
1992 3.48% -2.76%
1991 0.12% -0.21%
1990 0.49% -1.32%
1989 - -4.46%
1988 - -9.34%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/trinidad-and-tobago | 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 Trinidad and Tobago's deficit of $1.42B, or 5.46% of GDP.

Over the past 36 years, the Solomon Islands recorded a fiscal deficit in 13 of those years, while Trinidad and Tobago ran a deficit in 24 years. On average, the Solomon Islands posted an annual surplus equal to 2.16% of GDP, compared to deficit of 2.11% of GDP for Trinidad and Tobago.

Inflation comparison by year

Inflation
Solomon Islands

Trinidad and Tobago
1x
Year Consumer prices inflation
Solomon Islands Trinidad
2025 3.36% 0.99%
2024 4.32% 0.53%
2023 5.89% 4.63%
2022 5.52% 5.83%
2021 -0.12% 2.06%
2020 2.96% 0.6%
2019 1.63% 1%
2018 3.46% 1.02%
2017 0.49% 1.88%
2016 0.51% 3.07%
2015 -0.57% 4.66%
2014 5.17% 5.68%
2013 5.39% 5.2%
2012 5.91% 9.26%
2011 7.34% 5.11%
2010 1.05% 10.5%
2009 7.09% 6.98%
2008 17.3% 12%
2007 7.67% 7.89%
2006 11.2% 8.33%
2005 7.33% 6.87%
2004 6.99% 3.72%
2003 8.27% 3.81%
2002 10.9% 4.15%
2001 6.93% 5.54%
2000 7.89% 3.56%
1999 8.02% 3.44%
1998 12.4% 5.61%
1997 8.08% 3.63%

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

GeoRank.org/economy/solomon-islands/trinidad-and-tobago | CC BY

Over the past 29 years, the Solomon Islands has recorded an average annual inflation rate of 5.95%, compared with 4.75% in Trinidad and Tobago. In 2025, inflation was 3.36% in the Solomon Islands and 0.99% in Trinidad and Tobago.

Top exports between countries

Solomon Islands
Export category Export value
Trinidad
Export category Export value
Raw materials & minerals $55K

Balance of trade

Solomon Islands Trinidad
Current account balance
-$66.2M
2024
$1.25B
2025
Current account balance ranking
78/190
2024
48/190
2025
Current account balance, % of GDP
-4.18%
2024
+4.81%
2025
Goods imports
$609M
2024
$6.83B
2025
Goods exports
$510M
2024
$10.2B
2025
Service imports
$248M
2024
$2.8B
2025
Service exports
$133M
2024
$1.27B
2025
Imports of goods and services, % of GDP
70.8%
2024
n/a
Exports of goods and services, % of GDP
40.6%
2024
45%
2026

Economic freedom indices

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

Solomon Islands Trinidad
Economic freedom 53.7 62.4
Economic freedom ranking 137/197 87/197
Property rights 55.8 47.3
Government integrity 42.7 45.5
Judicial effectiveness 59.1 58.8
Tax burden 71.3 76.1
Government spending 54.6 71.1
Fiscal health 83.3 86.3
Business freedom 52.3 67.1
Labor freedom 60.4 57.2
Monetary freedom 76.5 81
Trade freedom 43.6 68.8
Investment freedom 15 50
Financial freedom 30 40

Economic freedom comparison by year

Solomon Islands
Trinidad and Tobago
1x
Year Economic freedom index
Solomon Islands Trinidad
2026 53.7 62.4
2025 56.3 63.6
2024 55 60.4
2023 56.9 59.5
2022 56.5 58.8
2021 56.5 59
2020 52.9 58.3
2019 54.6 57
2018 57.5 57.7
2017 55 61.2
2016 47 62.9
2015 47 64.1
2014 46.2 62.7
2013 45 62.3
2012 46.2 64.4
2011 45.9 66.5
2010 42.9 65.7
2009 46 68
2008 - 69.5
2007 - 70.6
2006 - 70.4
2005 - 71.5
2004 - 71.3
2003 - 68.8
2002 - 70.1
2001 - 71.8
2000 - 74.5
1999 - 72.4
1998 - 72
1997 - 71.3
1996 - 69.2

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/solomon-islands/trinidad-and-tobago | CC BY

The Economic Freedom Index for the Solomon Islands is 53.7, ranking 137/197, compared to 62.4 for Trinidad and Tobago, ranking 87/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Solomon Islands Trinidad
Services, % of GDP
46.9%
2024
59.2%
2024
Industry, % of GDP
23.4%
2024
34.6%
2024
Agriculture, forestry, and fishing, % of GDP
29.7%
2024
0.78%
2024
GNI, Atlas method
$1.7B
2025
$25.4B
2025
GNI per capita, PPP
$2,790
2025
$36,080
2025
Total reserves including gold
$686M
2024
$5.6B
2024
Total reserves ranking
148/177
2024
99/177
2024
Net foreign direct investment
$19.9M
2024
$404M
2025
Net inflows of foreign direct investment
$33M
2024
-$453M
2024
Net outflows of foreign direct investment
$52.9M
2024
$527M
2024
Servicing debt to the IMF, % of GNI
1.64%
2024
n/a
Poverty at national poverty lines
12.7%
2012
20%
2020
Gross capital formation, % of GDP
19.5%
2024
19%
2023

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/trinidad-and-tobago | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1988–1989, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)
  9. TradeMap (2023, retrieved 2026-07-08)

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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.