The Solomon Islands vs Uruguay: Economic Indicators Comparison

Uruguay with a GDP of $59.6B ranked the 79th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Uruguay and the Solomon Islands ranked 129th vs 90th and 52nd vs 145th, respectively.

Gross Domestic Product & Income

StatSolomon IslandsUruguay
GDP$1.4B$59.6B
GDP growth, 1 year3.4%2.1%
GDP growth, 5-years average3%2%
Population611k3.5M
GDP per capita$2.1k$17k
GDP per capita growth1.18%1.25%
Purchasing Power Parity conversion factor7.0222.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.880.73
GDP per capita, PPP adjusted$2.2k$23k
GNI, Atlas method$1.3B$54B
GNI per capita$2k$16k
GNI, PPP adjusted$1.5B$75.7B
GNI per capita, PPP adjusted$2.3k$22k

Financial system and Human development

StatSolomon IslandsUruguay
Income Tax Rate40%30%
Corporate Tax Rate30%25%
Inflation, consumer prices1%7.6%
Inflation, GDP deflator3.5%5.6%
Unemployment1.8%8%
Economic Freedom Index52.969.1
Personal Freedom Index6.18.78
Human Freedom Index6.17.93
Property Rights Index54.672
Judical Effectiveness Index53.759.8
Business Freedom Index67.773.6
Fiscal Health Index76.672.3
Labor Freedom Index7271
Investment Freedom Index1585
Financial Freedom Index3030
Trade Freedom Index4877.4
Monetary Freedom Index84.372.7
Government Spending Index34.266.5
Tax Burden Index65.675.2
Government Integrity Index33.573.5
Corruption Perceptions Index4470
Life expectancy at birth, years72.677.6
Suicide mortality rate, per 100,000 people4.718.4
Mortality caused by road traffic injury, per 100,000 people17.413.4
Intentional homicides, per 100,000 people3.88.2
International tourism, number of arrivals28k3.5M

Government debt & reserves

StatSolomon IslandsUruguay
Central government debt, % of GDP12.1%70%
External debt stocks, % of GNI29.1%N/A
External debt stocks$388.5MN/A
Short-term debt, % of total reserves7%N/A
Total debt service, % of exports and primary income5.6%N/A
Adjusted net savings including particulate emission damage, % of GNI-13.3%10.2%
Gross savings, % of GDP3.2%12%
Gross capital formation, % of GDP14.6%16.5%
Total reserves including gold$617.1M$15.6B
Foreign direct investment net inflows$12.1M$1.2B

Exports, imports and economic structure

StatSolomon IslandsUruguay
Exports of goods and services, % of GDP45.1%21%
Imports of goods and services, % of GDP53.3%19%
Current account balance (balance of payments)-$50.6M$75.7M
Revenue excluding grants, % of GDP33.8%34.4%
Grants excluding technical cooperation, BoP$153.5M$9.1M
Personal remittances received$19.3M$104.3M
Industry including construction value added, % of GDPN/A24.5%
Agriculture, forestry and fishing value added, % of GDP35%5.6%
Charges for the use of intellectual property, payments BoP$4.4M$124.2M
Charges for the use of intellectual property, receipts BoP$599k$44.7M
Expense, % of GDP31.9%35%
Government Expenditure, % of GDP46.8%33.4%

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

Uruguay vs

CountryGDP
per capita
Population
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M