The Solomon Islands vs Turkmenistan: Economic Indicators Comparison

Turkmenistan with a GDP of $40.8B ranked the 93rd largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Turkmenistan and the Solomon Islands ranked 9th vs 90th and 92nd vs 145th, respectively.

Gross Domestic Product & Income

StatSolomon IslandsTurkmenistan
GDP$1.4B$40.8B
GDP growth, 1 year3.4%6.2%
GDP growth, 5-years average3%7.1%
Population611k5.9M
GDP per capita$2.1k$7k
GDP per capita growth1.18%4.51%
Purchasing Power Parity conversion factor7.021.26
Price level ratio of PPP conversion factor GDP to market exchange rate0.880.36
GDP per capita, PPP adjusted$2.2k$20k
GNI, Atlas method$1.3B$39.4B
GNI per capita$2k$6.7k
GNI, PPP adjusted$1.5B$108.2B
GNI per capita, PPP adjusted$2.3k$18k

Financial system and Human development

StatSolomon IslandsTurkmenistan
Income Tax Rate40%10%
Corporate Tax Rate30%8%
Inflation, consumer prices1%13.6%
Inflation, GDP deflator3.5%1.2%
Unemployment1.8%3.8%
Economic Freedom Index52.946.5
Personal Freedom Index6.14.1
Human Freedom Index6.14.1
Property Rights Index54.620.1
Judical Effectiveness Index53.720
Business Freedom Index67.730
Fiscal Health Index76.694.5
Labor Freedom Index7220
Investment Freedom Index1510
Financial Freedom Index3010
Trade Freedom Index4874.2
Monetary Freedom Index84.368.7
Government Spending Index34.293.1
Tax Burden Index65.695.9
Government Integrity Index33.521.4
Corruption Perceptions Index4420
Life expectancy at birth, years72.668
Suicide mortality rate, per 100,000 people4.76.7
Mortality caused by road traffic injury, per 100,000 people17.414.5
Intentional homicides, per 100,000 people3.84.2
International tourism, number of arrivals28k8.2k

Government debt & reserves

StatSolomon IslandsTurkmenistan
Central government debt, % of GDP12.1%29.3%
External debt stocks, % of GNI29.1%2.3%
External debt stocks$388.5M$907.3M
Short-term debt, % of total reserves7%20.6%
Total debt service, % of exports and primary income5.6%22.1%
Adjusted net savings including particulate emission damage, % of GNI-13.3%N/A
Gross savings, % of GDP3.2%N/A
Gross capital formation, % of GDP14.6%47.2%
Total reserves including gold$617.1M$1.5B
Foreign direct investment net inflows$12.1M$2B

Exports, imports and economic structure

StatSolomon IslandsTurkmenistan
Exports of goods and services, % of GDP45.1%22.7%
Imports of goods and services, % of GDP53.3%12.5%
Current account balance (balance of payments)-$50.6MN/A
Revenue excluding grants, % of GDP33.8%N/A
Grants excluding technical cooperation, BoP$153.5M$14.5M
Personal remittances received$19.3M$1.6M
Industry including construction value added, % of GDPN/A57%
Agriculture, forestry and fishing value added, % of GDP35%9.3%
Charges for the use of intellectual property, payments BoP$4.4MN/A
Charges for the use of intellectual property, receipts BoP$599kN/A
Expense, % of GDP31.9%N/A
Government Expenditure, % of GDP46.8%15.1%

Compare with countries close by GDP per capita

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

Turkmenistan vs

CountryGDP
per capita
Population
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M