The Solomon Islands vs Tuvalu: Economic Indicators Comparison

The Solomon Islands with a GDP of $1.4B ranked the 182nd largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, the Solomon Islands and Tuvalu ranked 145th vs 124th, respectively.

Gross Domestic Product & Income

Stat	Solomon Islands	Tuvalu
GDP	$1.4B	$42.6M
GDP growth, 1 year	3.4%	2.5%
GDP growth, 5-years average	3%	N/A
Population	611k	11k
GDP per capita	$2.1k	$3.7k
GDP per capita growth	1.18%	1.27%
Purchasing Power Parity conversion factor	7.02	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	0.88	0.91
GDP per capita, PPP adjusted	$2.2k	$4k
GNI, Atlas method	$1.3B	$62.5M
GNI per capita	$2k	$5.4k
GNI, PPP adjusted	$1.5B	$70.2M
GNI per capita, PPP adjusted	$2.3k	$6.1k

Financial system and Human development

Stat	Solomon Islands	Tuvalu
Income Tax Rate	40%	N/A
Corporate Tax Rate	30%	N/A
Inflation, consumer prices	1%	N/A
Inflation, GDP deflator	3.5%	4.9%
Unemployment	1.8%	8.5%
Economic Freedom Index	52.9	60
Personal Freedom Index	6.1	6.2
Human Freedom Index	6.1	6.1
Property Rights Index	54.6	N/A
Judical Effectiveness Index	53.7	N/A
Business Freedom Index	67.7	N/A
Fiscal Health Index	76.6	N/A
Labor Freedom Index	72	N/A
Investment Freedom Index	15	N/A
Financial Freedom Index	30	N/A
Trade Freedom Index	48	N/A
Monetary Freedom Index	84.3	N/A
Government Spending Index	34.2	N/A
Tax Burden Index	65.6	N/A
Government Integrity Index	33.5	N/A
Corruption Perceptions Index	44	48
Life expectancy at birth, years	72.6	66
Suicide mortality rate, per 100,000 people	4.7	1
Mortality caused by road traffic injury, per 100,000 people	17.4	0.2
Intentional homicides, per 100,000 people	3.8	18.7
International tourism, number of arrivals	28k	2.7k

Government debt & reserves

Stat	Solomon Islands	Tuvalu
Central government debt, % of GDP	12.1%	N/A
External debt stocks, % of GNI	29.1%	N/A
External debt stocks	$388.5M	N/A
Short-term debt, % of total reserves	7%	N/A
Total debt service, % of exports and primary income	5.6%	N/A
Adjusted net savings including particulate emission damage, % of GNI	-13.3%	N/A
Gross savings, % of GDP	3.2%	N/A
Gross capital formation, % of GDP	14.6%	N/A
Total reserves including gold	$617.1M	N/A
Foreign direct investment net inflows	$12.1M	$299k

Exports, imports and economic structure

Stat	Solomon Islands	Tuvalu
Exports of goods and services, % of GDP	45.1%	N/A
Imports of goods and services, % of GDP	53.3%	N/A
Current account balance (balance of payments)	-$50.6M	$6.8M
Revenue excluding grants, % of GDP	33.8%	N/A
Grants excluding technical cooperation, BoP	$153.5M	$9.6M
Personal remittances received	$19.3M	$4M
Industry including construction value added, % of GDP	N/A	7.3%
Agriculture, forestry and fishing value added, % of GDP	35%	16.5%
Charges for the use of intellectual property, payments BoP	$4.4M	N/A
Charges for the use of intellectual property, receipts BoP	$599k	$14k
Expense, % of GDP	31.9%	N/A
Government Expenditure, % of GDP	46.8%	N/A