The Solomon Islands vs Vietnam: Economic Indicators Comparison

Vietnam with a GDP of $245.2B ranked the 47th largest economy in the world, while the Solomon Islands ranked 182nd with $1.4B. By GDP 5-years average growth and GDP per capita, Vietnam and the Solomon Islands ranked 17th vs 90th and 138th vs 145th, respectively.

Gross Domestic Product & Income

StatSolomon IslandsVietnam
GDP$1.4B$245.2B
GDP growth, 1 year3.4%7.1%
GDP growth, 5-years average3%6.6%
Population611k94.7M
GDP per capita$2.1k$2.6k
GDP per capita growth1.18%6.02%
Purchasing Power Parity conversion factor7.027788.91
Price level ratio of PPP conversion factor GDP to market exchange rate0.880.34
GDP per capita, PPP adjusted$2.2k$7.5k
GNI, Atlas method$1.3B$225.9B
GNI per capita$2k$2.4k
GNI, PPP adjusted$1.5B$661.8B
GNI per capita, PPP adjusted$2.3k$6.9k

Financial system and Human development

StatSolomon IslandsVietnam
Income Tax Rate40%35%
Corporate Tax Rate30%22%
Inflation, consumer prices1%3.5%
Inflation, GDP deflator3.5%3.4%
Unemployment1.8%1.9%
Economic Freedom Index52.958.8
Personal Freedom Index6.16.65
Human Freedom Index6.16.31
Property Rights Index54.652.6
Judical Effectiveness Index53.740.1
Business Freedom Index67.765.6
Fiscal Health Index76.658
Labor Freedom Index7262.5
Investment Freedom Index1540
Financial Freedom Index3050
Trade Freedom Index4879.6
Monetary Freedom Index84.368.2
Government Spending Index34.275.9
Tax Burden Index65.679.5
Government Integrity Index33.533.8
Corruption Perceptions Index4433
Life expectancy at birth, years72.675.2
Suicide mortality rate, per 100,000 people4.77.3
Mortality caused by road traffic injury, per 100,000 people17.426.4
Intentional homicides, per 100,000 people3.81.5
International tourism, number of arrivals28k15.5M

Government debt & reserves

StatSolomon IslandsVietnam
Central government debt, % of GDP12.1%57.5%
External debt stocks, % of GNI29.1%46.7%
External debt stocks$388.5M$108.1B
Short-term debt, % of total reserves7%35.3%
Total debt service, % of exports and primary income5.6%7.1%
Adjusted net savings including particulate emission damage, % of GNI-13.3%13.4%
Gross savings, % of GDP3.2%22.6%
Gross capital formation, % of GDP14.6%26.5%
Total reserves including gold$617.1M$55.5B
Foreign direct investment net inflows$12.1M$15.5B

Exports, imports and economic structure

StatSolomon IslandsVietnam
Exports of goods and services, % of GDP45.1%105.8%
Imports of goods and services, % of GDP53.3%102.5%
Current account balance (balance of payments)-$50.6M$5.9B
Revenue excluding grants, % of GDP33.8%N/A
Grants excluding technical cooperation, BoP$153.5M$411.2M
Personal remittances received$19.3M$15.9B
Industry including construction value added, % of GDPN/A34.2%
Agriculture, forestry and fishing value added, % of GDP35%14.7%
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%28.3%

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
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
Cambodia
$1.5k
16M

Vietnam vs

CountryGDP
per capita
Population
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
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
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