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Economy of Solomon Islands vs Tunisia compared: GDP & Debt

Updated on by Georank team

The Solomon Islands has a GDP of $1.76B compared to $53.4B for Tunisia, ranking 182/197 and 90/197 by economy size, respectively.

The Solomon Islands has $388M in government debt (23.7% of GDP), compared to $44.4B (82.9% of GDP) in Tunisia.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Solomon Islands
GDP, current $

GDP, constant 2015 $
Tunisia
GDP, current $

GDP, constant 2015 $
Year GDP
Solomon Islands Tunisia
Current $ Constant $ Current $ Constant $
1961 - - $866,155,429 $6,137,829,834
1962 - - $880,027,733 $5,856,098,258
1963 - - $1,026,737,600 $5,227,504,981
1964 - - $1,025,866,792 $4,983,069,469
1965 - - $991,047,619 $4,856,664,333
1966 - - $1,040,952,381 $5,024,455,670
1967 $25,203,524 - $1,085,714,286 $5,032,592,900
1968 $28,084,253 - $1,214,666,667 $5,556,472,162
1969 $28,606,411 - $1,289,904,762 $5,820,283,203
1970 - - $1,439,238,095 $6,092,068,996
1971 $50,056,883 - $1,685,162,272 $6,735,403,513
1972 $40,606,712 - $2,237,556,149 $7,930,447,182
1973 $55,272,109 - $2,730,813,385 $7,878,531,025
1974 $84,539,332 - $3,545,868,575 $8,514,705,256
1975 $74,620,320 - $4,328,965,588 $9,124,026,071
1976 $83,100,834 - $4,508,191,942 $9,842,712,161
1977 $93,145,283 - $5,109,324,009 $10,178,456,507
1978 $111,027,427 - $5,968,460,080 $10,833,997,305
1979 $151,276,496 - $7,188,863,904 $11,545,522,372
1980 $182,852,107 $526,656,506 $8,744,134,354 $12,402,054,611
1981 $193,750,541 $517,192,386 $8,428,445,294 $13,085,912,935
1982 $192,902,019 $508,557,520 $8,133,580,052 $13,021,302,862
1983 $181,220,399 $528,343,417 $8,350,582,748 $13,630,949,504
1984 $181,570,474 $529,242,659 $8,254,541,195 $14,414,571,427
1985 $165,524,943 $512,665,070 $8,410,226,053 $15,228,789,050
1986 $147,620,048 $511,632,408 $9,017,806,654 $15,008,430,237
1987 $155,128,542 $554,718,560 $9,696,715,911 $16,014,200,843
1988 $176,494,394 $561,653,631 $10,096,245,762 $16,025,756,543
1989 $172,882,411 $585,603,984 $10,101,851,745 $16,305,678,293
1990 $214,877,667 $598,487,271 $12,290,568,182 $17,601,950,275
1991 $227,540,473 $634,396,517 $13,074,782,609 $18,289,226,397
1992 $269,034,596 $714,964,863 $15,496,708,060 $19,716,833,824
1993 $300,746,361 $743,563,455 $14,608,335,608 $20,148,598,741
1994 $402,837,005 $803,792,104 $15,633,174,304 $20,789,004,085
1995 $469,443,202 $884,883,597 $18,030,876,599 $21,277,892,826
1996 $510,586,430 $899,129,406 $19,587,161,807 $22,798,428,276
1997 $526,554,006 $890,910,669 $20,746,210,354 $24,038,877,878
1998 $457,579,840 $902,416,890 $21,802,893,587 $25,188,840,698
1999 $488,024,514 $898,033,573 $22,943,202,175 $26,713,932,931
2000 $419,842,674 $769,821,324 $21,473,528,161 $27,972,151,937
2001 $409,508,553 $708,569,673 $22,065,832,449 $29,034,050,814
2002 $346,406,739 $688,729,844 $23,141,616,605 $29,418,042,728
2003 $417,668,983 $733,658,907 $27,453,902,261 $30,801,396,632
2004 $468,005,319 $790,028,121 $31,183,885,241 $32,722,107,266
2005 $552,864,570 $848,157,142 $32,272,186,695 $33,862,978,438
2006 $617,258,154 $883,256,262 $34,376,664,601 $35,638,786,834
2007 $695,295,348 $915,403,897 $38,915,353,867 $38,029,978,712
2008 $776,337,692 $972,396,664 $44,859,439,902 $39,641,606,104
2009 $805,557,563 $1,000,248,710 $43,455,740,497 $40,848,078,614
2010 $898,133,685 $1,097,356,737 $46,206,091,938 $42,061,729,256
2011 $1,063,895,361 $1,178,889,790 $48,123,325,825 $41,200,879,648
2012 $1,185,215,418 $1,207,961,229 $47,311,401,813 $42,938,187,712
2013 $1,285,911,586 $1,271,231,099 $48,685,446,414 $43,981,556,030
2014 $1,335,571,421 $1,286,348,802 $50,271,812,921 $45,340,730,385
2015 $1,307,909,888 $1,307,909,888 $45,779,494,042 $45,779,494,042
2016 $1,379,490,304 $1,380,560,771 $44,360,072,680 $46,291,045,988
2017 $1,469,789,119 $1,423,017,819 $42,163,530,591 $47,326,964,920
2018 $1,615,478,393 $1,462,093,823 $42,686,504,460 $48,569,264,672
2019 $1,619,155,017 $1,487,659,507 $41,905,642,419 $49,340,470,116
2020 $1,536,145,814 $1,437,359,544 $42,491,780,918 $44,893,939,453
2021 $1,522,794,913 $1,474,218,470 $47,073,234,359 $47,020,260,422
2022 $1,566,360,686 $1,509,636,295 $44,948,769,171 $48,277,261,610
2023 $1,660,896,531 $1,549,737,698 $48,196,281,784 $48,296,165,329
2024 $1,760,767,447 $1,589,090,837 $53,409,988,745 $48,948,478,710

Economic indicators

Solomon Islands Tunisia
Gross domestic product
$1.76B
2024
$53.4B
2024
GDP rank
182/197
2024
90/197
2024
GDP growth
6.01%
2023-2024
10.8%
2023-2024
GDP per capita
$2,149
2024
$4,350
2024
GDP per capita rank
153/197
2024
127/197
2024
GDP per capita, PPP
$2,872
2024
$14,451
2024
Government debt
$388M
2024
$44.4B
2024
Debt-to-GDP ratio
23.7%
2025
82.9%
2025
Government debt per person
$473
2024
$3,617
2024
Government debt per person rank
169/185
2024
95/185
2024
Average annual personal income after taxes
$2,069
2025
$4,061
2025
Market capitalization of domestic companies n/a
$8.3B
2024
Income share by richest 10%
29.2%
2012
27%
2021
Income share by poorest 10%
2.8%
2012
3.1%
2021
Government expenditure, % of GDP
35.7%
2025
32.4%
2025
Consumer prices inflation
4.32%
2023-2024
5.9%
2024-2025
Central bank interest rate n/a
7.5%
2025
Unemployment rate
0.69%
2013
15.1%
2023
Population
854419
12402051

GDP per capita in Solomon Islands vs Tunisia

The Solomon Islands' GDP per capita is $2,149, ranking 153/197, compared to $4,350 in Tunisia, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), the Solomon Islands ranks 183rd at $2,872, while Tunisia ranks 116th at $14,451.

Solomon Islands
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
Year Current $
Solomon Islands Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1961 - - $200.7 -
1962 - - $201.4 -
1963 - - $231.9 -
1964 - - $228.5 -
1965 - - $217.3 -
1966 - - $223.8 -
1967 $153.5 - $228 -
1968 $166.9 - $248.9 -
1969 $165.9 - $257.7 -
1970 $162 - $280.5 -
1971 $277.1 - $320 -
1972 $219.5 - $415 -
1973 $291.3 - $493 -
1974 $433 - $624 -
1975 $372 - $741 -
1976 $401 - $752 -
1977 $434 - $830 -
1978 $500 - $946 -
1979 $658 - $1,113 -
1980 $768 - $1,324 -
1981 $786 - $1,247 -
1982 $756 - $1,177 -
1983 $686 - $1,184 -
1984 $665 - $1,143 -
1985 $586 - $1,135 -
1986 $506 - $1,187 -
1987 $515 - $1,245 -
1988 $567 - $1,266 -
1989 $538 - $1,239 -
1990 $648 $1,266 $1,476 $3,780
1991 $666 $1,346 $1,538 $3,975
1992 $764 $1,505 $1,785 $4,292
1993 $829 $1,556 $1,649 $4,401
1994 $1,078 $1,668 $1,733 $4,555
1995 $1,220 $1,821 $1,968 $4,686
1996 $1,289 $1,830 $2,107 $5,040
1997 $1,292 $1,793 $2,202 $5,333
1998 $1,092 $1,785 $2,285 $5,579
1999 $1,134 $1,754 $2,376 $5,930
2000 $953 $1,503 $2,199 $6,279
2001 $912 $1,387 $2,236 $6,593
2002 $757 $1,344 $2,321 $6,715
2003 $896 $1,433 $2,726 $7,098
2004 $986 $1,556 $3,067 $7,672
2005 $1,144 $1,693 $3,147 $8,117
2006 $1,256 $1,786 $3,323 $8,729
2007 $1,390 $1,869 $3,727 $9,479
2008 $1,526 $1,989 $4,255 $9,975
2009 $1,555 $2,021 $4,080 $10,237
2010 $1,685 $2,182 $4,292 $10,555
2011 $1,924 $2,306 $4,421 $10,436
2012 $2,066 $2,320 $4,297 $10,615
2013 $2,161 $2,394 $4,370 $10,672
2014 $2,165 $2,377 $4,459 $10,947
2015 $2,045 $2,354 $4,015 $10,783
2016 $2,083 $2,421 $3,848 $10,994
2017 $2,144 $2,454 $3,619 $11,289
2018 $2,278 $2,494 $3,628 $11,841
2019 $2,224 $2,512 $3,529 $12,495
2020 $2,063 $2,405 $3,549 $11,918
2021 $1,997 $2,518 $3,907 $12,444
2022 $2,005 $2,697 $3,709 $13,608
2023 $2,076 $2,801 $3,950 $14,010
2024 $2,149 $2,872 $4,350 $14,451

Spending and national debt comparison

In 2024, the Solomon Islands' government spending was $630M, accounting for 35.7% of its GDP, while Tunisia's spent $18.1B, or 32.4% of GDP.

Debt-to-GDP ratio is 23.7% in the Solomon Islands and 82.9% in Tunisia, ranking 171/185 and 40/185, respectively.

Solomon Islands
Government spending

Government debt
Tunisia
Government spending

Government debt
Year % of GDP
Solomon Islands Tunisia
Government spending Government debt Government spending Government debt
1990 30% - - -
1991 39.4% - 27.6% 63.3%
1992 35.1% - 25.7% 62.1%
1993 33.2% - 26.7% 63.8%
1994 30.2% - 25.9% 63.9%
1995 24.7% - 26.6% 65.6%
1996 24.2% - 26.7% 66.8%
1997 19.3% 25.9% 24.5% 66.6%
1998 15.5% 39.5% 24.2% 58.2%
1999 18.7% 42% 24% 61.9%
2000 18.7% 44.3% 24% 62.9%
2001 18.1% 52.8% 24% 52.2%
2002 16.7% 65.7% 24.1% 51.6%
2003 14.9% 61.3% 23.5% 52.6%
2004 14.7% 58.2% 23% 51.6%
2005 17% 44.7% 23% 50%
2006 19.9% 42.3% 22.9% 45.7%
2007 23.7% 33% 23.3% 42.7%
2008 27% 28.9% 23.7% 41.4%
2009 24.8% 18.9% 24.6% 40.3%
2010 23.9% 22.9% 24% 38.8%
2011 27% 18.3% 27.9% 43.3%
2012 29.4% 13.3% 28.3% 49%
2013 41.8% 11.6% 30.8% 45.6%
2014 39.8% 10.1% 27.7% 50.7%
2015 41.5% 7.88% 27.4% 52.4%
2016 39.6% 7.54% 27.2% 58.9%
2017 40.4% 8.77% 28.7% 67.1%
2018 34.8% 7.95% 28.7% 72.9%
2019 35.6% 7.82% 29.5% 67.3%
2020 40.4% 12.8% 34.5% 77.7%
2021 37.8% 15.9% 33.2% 79.7%
2022 40.8% 15.5% 36.5% 82.9%
2023 40.1% 20.3% 35.7% 82.5%
2024 35.8% 22% 33.8% 83.1%
2025 35.7% 23.7% 32.4% 82.9%

Government deficit by year

In 2024, the Solomon Islands' government deficit, the difference between spending and revenue, was -$54.3M, equivalent to -3.08% of GDP. This compares to Tunisia's deficit of -$3.16B, or -5.91% of GDP.

Over the past 34 years, the Solomon Islands recorded a fiscal deficit in 12 of those years, while Tunisia ran a deficit in 34 years. On average, the Solomon Islands posted an annual surplus equal to +2.72% of GDP, compared to deficit of -4.05% of GDP for Tunisia.

Deficit/surplus
Solomon Islands

Tunisia
Year Deficit/surplus, % of GDP
Solomon Islands Tunisia
1990 0.58% -
1991 0.14% -5.25%
1992 4.13% -3.45%
1993 2.45% -3.22%
1994 4.33% -2.87%
1995 3.19% -4.53%
1996 3.73% -5.18%
1997 2.14% -3.7%
1998 5.04% -2.84%
1999 -0.32% -3.05%
2000 -2.93% -3.22%
2001 -2.4% -2.87%
2002 -4.35% -2.55%
2003 10.6% -2.64%
2004 17% -2.1%
2005 13.4% -2.59%
2006 13% -2.33%
2007 15.3% -2.47%
2008 1.94% -0.62%
2009 2.35% -2.59%
2010 6.02% -0.46%
2011 6.22% -3.19%
2012 4.63% -4.9%
2013 3.57% -7.05%
2014 2.13% -3.11%
2015 0.81% -4.95%
2016 -3.56% -5.87%
2017 -2.27% -5.61%
2018 1.49% -4.27%
2019 -1.52% -3.6%
2020 -2.44% -9.06%
2021 -1.86% -7.6%
2022 -2.51% -6.91%
2023 -3.81% -7.02%
2024 -3.08% -5.91%
2025 -3.15% -5.43%

Inflation comparison by year

Over the past 29 years, the Solomon Islands has recorded an average annual inflation rate of 6.24%, compared with 4.49% in Tunisia. In 2024, inflation was 4.32% in the Solomon Islands and 5.9% in Tunisia.

Inflation
Solomon Islands

Tunisia
Year Inflation
Solomon Islands Tunisia Solomon Islands Tunisia
1996 11.8% 3.7%
1997 8.08% 3.6%
1998 12.4% 3.1%
1999 8.02% 2.8%
2000 7.89% 2.8%
2001 6.93% 1.9%
2002 10.9% 2.7%
2003 8.27% 2.7%
2004 6.99% 3.7%
2005 7.33% 2%
2006 11.2% 4.1%
2007 7.67% 3.4%
2008 17.3% 4.9%
2009 7.09% 3.5%
2010 1.05% 4.4%
2011 7.34% 3.2%
2012 5.91% 4.6%
2013 5.39% 5.3%
2014 5.17% 4.6%
2015 -0.57% 4.4%
2016 0.51% 3.6%
2017 0.49% 5.3%
2018 3.46% 7.3%
2019 1.63% 6.7%
2020 2.96% 5.6%
2021 -0.12% 5.7%
2022 5.52% 8.3%
2023 5.89% 9.3%
2024 4.32% 7%
2025 - 5.9%

Balance of trade

Solomon Islands Tunisia
Current account balance
-$66.2M
2024
-$775M
2024
Current account balance ranking
83/189
2024
115/189
2024
Current account balance, % of GDP
-3.76%
2024
-1.45%
2024
Goods imports
$609M
2024
$18.7B
2024
Goods exports
$510M
2024
$8.95B
2024
Service imports
$248M
2024
$3.92B
2024
Service exports
$133M
2024
$11.2B
2024
Imports of goods and services, % of GDP
51.7%
2022
56.6%
2024
Exports of goods and services, % of GDP
26.3%
2022
48.4%
2024

Economic freedom indices

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

Solomon Islands Tunisia
Economic freedom 56.3 49.1
Economic freedom ranking 121/197 166/197
Property rights 48.2 59.3
Government integrity 42 41.3
Judicial effectiveness 61.9 39.7
Tax burden 70.6 79.4
Government spending 70.2 63.1
Fiscal health 95.3 6.4
Business freedom 50.1 56.8
Labor freedom 60.5 56
Monetary freedom 76.2 71.3
Trade freedom 55.4 56.2
Investment freedom 15 30
Financial freedom 30 30

Economic freedom by year comparison

The Economic Freedom Index for the Solomon Islands is 56.3, ranking 121/197, compared to 49.1 for Tunisia, ranking 166/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Solomon Islands
Tunisia
Year Economic freedom index
Solomon Islands Tunisia
1995 - 63.4
1996 - 63.9
1997 - 63.8
1998 - 63.9
1999 - 61.1
2000 - 61.3
2001 - 60.8
2002 - 60.2
2003 - 58.1
2004 - 58.4
2005 - 55.4
2006 - 57.5
2007 - 60.3
2008 - 60.1
2009 46 58
2010 42.9 58.9
2011 45.9 58.5
2012 46.2 58.6
2013 45 57
2014 46.2 57.3
2015 47 57.7
2016 47 57.6
2017 55 55.7
2018 57.5 58.9
2019 54.6 55.4
2020 52.9 55.8
2021 56.5 56.6
2022 56.5 54.2
2023 56.9 52.9
2024 55 48.8
2025 56.3 49.1

More economic indicators

Solomon Islands Tunisia
Services, % of GDP
47.3%
2022
62.1%
2023
Industry, % of GDP
18.7%
2022
23.6%
2023
Agriculture, forestry, and fishing, % of GDP
33.8%
2022
9.33%
2023
GNI, Atlas method
$1.71B
2024
$47.9B
2024
GNI per capita, PPP
$2,880
2024
$14,090
2024
Total reserves including gold
$688M
2023
$9.34B
2024
Total reserves ranking
149/177
2023
80/177
2024
Net foreign direct investment
$19.9M
2024
-$725M
2024
Net inflows of foreign direct investment
$33M
2024
$760M
2024
Net outflows of foreign direct investment
$52.9M
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
1.77%
2023
10.5%
2023
Poverty at national poverty lines
12.7%
2012
16.6%
2021
Gross capital formation, % of GDP
23.4%
2022
13.4%
2024

GDP per capita map

GDP per capita

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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.