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Economy of Solomon Islands vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

The Solomon Islands has a GDP of $1.58B compared to $41.5B for Zimbabwe, ranking 182/197 and 102/197 by economy size, respectively.

The Solomon Islands has $350M in government debt (22.1% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Solomon Islands vs Zimbabwe GDP by year

Solomon Islands
Zimbabwe
1x
Year GDP, current $
Solomon Islands Zimbabwe
2024 $1,583,964,704 $41,539,411,516
2023 $1,506,124,566 $35,871,779,681
2022 $1,466,670,930 $40,757,561,709
2021 $1,558,312,104 $41,287,673,690
2020 $1,536,143,428 $31,980,334,561
2019 $1,619,150,564 $33,357,695,635
2018 $1,615,473,250 $34,141,666,667
2017 $1,469,790,526 $51,035,657,371
2016 $1,379,486,291 $20,559,250,000
2015 $1,307,908,814 $19,973,250,000
2014 $1,335,576,763 $19,505,500,000
2013 $1,285,905,958 $19,100,750,000
2012 $1,185,217,634 $17,123,500,000
2011 $1,063,898,227 $14,109,000,000
2010 $898,128,551 $12,047,750,000
2009 $805,557,289 $9,670,750,000
2008 $776,335,523 $4,418,000,000
2007 $695,291,218 $5,294,750,000
2006 $617,257,458 $5,446,750,000
2005 $552,881,357 $5,758,250,000
2004 $468,000,121 $5,808,500,000
2003 $417,666,639 $5,730,500,000
2002 $346,406,739 $6,345,250,000
2001 $409,508,553 $6,780,750,000
2000 $419,842,674 $6,693,250,000
1999 $488,024,514 $6,861,500,000
1998 $457,579,840 $6,405,250,000
1997 $526,554,006 $8,534,000,000
1996 $510,586,430 $8,557,500,000
1995 $469,443,202 $7,115,000,000
1994 $402,837,005 $6,894,250,000
1993 $300,746,361 $6,567,250,000
1992 $269,034,596 $6,755,000,000
1991 $227,540,473 $8,646,000,000
1990 $214,877,667 $8,788,301,546
1989 $172,882,411 $8,290,553,535
1988 $176,494,394 $7,818,774,177
1987 $155,128,542 $6,744,657,033
1986 $147,620,048 $6,220,698,247
1985 $165,524,943 $5,640,137,575
1984 $181,570,474 $6,355,369,172
1983 $181,220,399 $7,768,031,182
1982 $192,902,019 $8,544,060,905
1981 $193,750,541 $8,015,464,252
1980 $182,852,107 $6,682,278,300
1979 $151,276,496 $5,180,102,910
1978 $111,027,427 $4,353,822,343
1977 $93,145,283 $4,366,610,469
1976 $83,100,834 $4,320,576,877
1975 $74,620,320 $4,373,532,601
1974 $84,539,332 $3,984,194,614
1973 $55,272,109 $3,311,043,292
1972 $40,606,712 $2,679,096,597
1971 $50,056,883 $2,179,828,710
1970 - $1,885,168,339
1969 $28,606,411 $1,748,891,294
1968 $28,084,253 $1,480,355,355
1967 $25,203,524 $1,397,715,282
1966 - $1,282,403,936
1965 - $1,312,105,394
1964 - $1,217,759,447
1963 - $1,160,103,724
1962 - $1,118,172,226
1961 - $1,097,206,526
1960 - $1,053,528,036

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/solomon-islands/zimbabwe | CC BY

GDP per capita in Solomon Islands vs Zimbabwe by year

Solomon Islands
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Solomon Islands Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,934 $2,675 $2,497 $5,928
2023 $1,883 $2,597 $2,195 $5,791
2022 $1,878 $2,496 $2,536 $5,396
2021 $2,043 $2,450 $2,614 $4,827
2020 $2,063 $2,405 $2,060 $4,179
2019 $2,224 $2,512 $2,184 $4,166
2018 $2,278 $2,494 $2,271 $3,993
2017 $2,144 $2,454 $3,445 $10,756
2016 $2,083 $2,421 $1,408 $4,275
2015 $2,045 $2,354 $1,387 $4,046
2014 $2,165 $2,377 $1,373 $3,903
2013 $2,161 $2,394 $1,363 $3,784
2012 $2,066 $2,320 $1,239 $3,472
2011 $1,924 $2,306 $1,038 $3,047
2010 $1,685 $2,182 $902 $2,661
2009 $1,555 $2,021 $736 $2,233
2008 $1,526 $1,989 $341 $1,987
2007 $1,390 $1,869 $414 $2,396
2006 $1,256 $1,786 $431 $2,454
2005 $1,144 $1,693 $461 $2,496
2004 $986 $1,556 $470 $2,591
2003 $896 $1,433 $468 $2,708
2002 $757 $1,344 $525 $3,238
2001 $912 $1,387 $566 $3,533
2000 $953 $1,503 $563 $3,429
1999 $1,134 $1,754 $582 $3,491
1998 $1,092 $1,785 $552 $3,527
1997 $1,292 $1,793 $751 $3,457
1996 $1,289 $1,830 $767 $3,372
1995 $1,220 $1,820 $648 $3,051
1994 $1,078 $1,668 $634 $3,012
1993 $829 $1,556 $605 $2,703
1992 $764 $1,505 $631 $2,651
1991 $666 $1,346 $831 $2,930
1990 $648 $1,266 $867 $2,757
1989 $538 - $840 -
1988 $567 - $816 -
1987 $515 - $726 -
1986 $506 - $693 -
1985 $586 - $649 -
1984 $665 - $757 -
1983 $686 - $959 -
1982 $756 - $1,096 -
1981 $786 - $1,069 -
1980 $768 - $949 -
1979 $658 - $779 -
1978 $500 - $665 -
1977 $434 - $677 -
1976 $401 - $687 -
1975 $372 - $717 -
1974 $433 - $674 -
1973 $291.3 - $579 -
1972 $219.5 - $483 -
1971 $277.1 - $406 -
1970 - - $361 -
1969 $165.9 - $346 -
1968 $166.9 - $302 -
1967 $153.5 - $294.4 -
1966 - - $278.7 -
1965 - - $294.3 -
1964 - - $281.9 -
1963 - - $277.1 -
1962 - - $275.7 -
1961 - - $279.2 -
1960 - - $276.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/solomon-islands/zimbabwe | CC BY

The Solomon Islands' GDP per capita is $1,934, ranking 157/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), the Solomon Islands ranks 183rd at $2,675, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Solomon Islands Zimbabwe
Gross domestic product
$1.58B
2024
$41.5B
2024
GDP rank
182/197
2024
102/197
2024
GDP growth
3%
2023-2024
1.74%
2023-2024
GDP per capita
$1,934
2024
$2,497
2024
GDP per capita rank
157/197
2024
148/197
2024
GDP per capita, PPP
$2,675
2024
$5,928
2024
GDP per capita PPP rank
183/197
2024
154/197
2024
Government debt
$350M
2024
$30.3B
2024
Debt-to-GDP ratio
22.1%
2024
73%
2024
Government debt per person
$427
2024
$1,824
2024
Government debt per person rank
169/185
2024
121/185
2024
Average annual personal income after taxes
$1,776
2026
$2,897
2026
Market capitalization of domestic companies n/a
$2.46B
1999
Number of billionaires n/a
1
2025
Income share by richest 10%
29.2%
2012
40.5%
2019
Income share by poorest 10%
2.8%
2012
1.9%
2019
Government expenditure, % of GDP
35.8%
2024
12.9%
2024
Consumer prices inflation
4.32%
2023-2024
736%
2023-2024
Central bank interest rate n/a
35%
2024
Unemployment rate
0.69%
2013
12.1%
2024
Population
863951
17361868

Spending and national debt comparison by year

Solomon Islands
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Solomon Islands Zimbabwe
Government spending Government debt Government spending Government debt
2024 35.8% 22.1% 12.9% 73%
2023 40.1% 20.3% 15.5% 76.1%
2022 40.8% 15.5% 14.4% 66.8%
2021 37.8% 15.9% 12.8% 39.9%
2020 40.4% 12.8% 9.27% 56.8%
2019 35.6% 7.82% 9.36% 53.9%
2018 34.8% 7.95% 13.9% 33%
2017 40.4% 8.77% 19.8% 49%
2016 39.6% 7.54% 16.6% 35.1%
2015 41.5% 7.88% 14.7% 34.1%
2014 39.8% 10.1% 14.1% 29.2%
2013 41.8% 11.6% 14.7% 26.4%
2012 29.4% 13.3% 14.6% 27.2%
2011 27% 18.3% 16.2% 30%
2010 23.9% 22.9% 12.8% 33.2%
2009 24.8% 18.9% 7.93% 39.7%
2008 27% 28.9% 2.54% 41.3%
2007 23.7% 33% 3.43% 30.2%
2006 19.9% 42.3% 5.72% 26.7%
2005 17% 44.7% 10.5% 22.4%
2004 14.7% 58.2% - -
2003 14.9% 61.3% - -
2002 16.7% 65.7% - -
2001 18.1% 52.8% - -
2000 18.7% 44.3% - -
1999 18.7% 42% - -
1998 15.5% 39.5% - -
1997 19.3% 25.9% - -
1996 24.2% - - -
1995 24.7% - - -
1994 30.2% - - -
1993 33.2% - - -
1992 35.1% - - -
1991 39.4% - - -
1990 30% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/solomon-islands/zimbabwe | CC BY

In 2024, the Solomon Islands' government spending was $567M, accounting for 35.8% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 22.1% in the Solomon Islands and 73% in Zimbabwe, ranking 173/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Solomon Islands

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Solomon Islands Zimbabwe
2024 -3.08% -1.06%
2023 -3.81% -3.9%
2022 -2.51% -3.3%
2021 -1.86% -2.24%
2020 -2.44% -0.34%
2019 -1.52% -1.72%
2018 1.49% -3.81%
2017 -2.27% -7.37%
2016 -3.56% -4.63%
2015 0.81% -1.45%
2014 2.13% -0.71%
2013 3.57% -0.69%
2012 4.63% -0.13%
2011 6.22% -1.72%
2010 6.02% -0.11%
2009 2.35% -1.39%
2008 1.94% -1.2%
2007 15.3% -1.67%
2006 13% -1.4%
2005 13.4% -3.46%
2004 17% -
2003 10.6% -
2002 -4.35% -
2001 -2.4% -
2000 -2.93% -
1999 -0.32% -
1998 5.04% -
1997 2.14% -
1996 3.73% -
1995 3.19% -
1994 4.33% -
1993 2.45% -
1992 4.13% -
1991 0.14% -
1990 0.58% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/solomon-islands/zimbabwe | CC BY

In 2024, the Solomon Islands' government deficit, the difference between spending and revenue, was $48.8M, equivalent to 3.08% of GDP. This compares to Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, the Solomon Islands recorded a fiscal deficit in 8 of those years, while Zimbabwe ran a deficit in 20 years. On average, the Solomon Islands posted an annual surplus equal to 2.49% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Solomon Islands

Zimbabwe
1x
Year Consumer prices inflation
Solomon Islands Zimbabwe
2024 4.32% 736%
2023 5.89% 667%
2022 5.52% 193.4%
2021 -0.12% 98.5%
2020 2.96% 557%
2019 1.63% 255.3%
2018 3.46% 10.6%
2017 0.49% 0.9%
2016 0.51% -1.6%
2015 -0.57% -2.4%
2014 5.17% -0.2%
2013 5.39% 1.6%
2012 5.91% 3.7%
2011 7.34% 3.5%
2010 1.05% 3%
2009 7.09% 6.2%
2008 17.3% 157%
2007 7.67% -72.7%
2006 11.2% 33%
2005 7.33% -31.5%
2004 6.99% 113.6%
2003 8.27% -8.6%
2002 10.9% -34.4%
2001 6.93% -37.2%
2000 7.89% 4.5%
1999 8.02% -13.4%
1998 12.4% -28%
1997 8.08% -1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/solomon-islands/zimbabwe | CC BY

Over the past 28 years, the Solomon Islands has recorded an average annual inflation rate of 6.04%, compared with 93.4% in Zimbabwe. In 2024, inflation was 4.32% in the Solomon Islands and 736% in Zimbabwe.

Balance of trade

Solomon Islands Zimbabwe
Current account balance
-$66.2M
2024
$501M
2024
Current account balance ranking
87/190
2024
62/190
2024
Current account balance, % of GDP
-4.18%
2024
+1.21%
2024
Goods imports
$609M
2024
$9.06B
2024
Goods exports
$510M
2024
$7.79B
2024
Service imports
$248M
2024
$1.66B
2024
Service exports
$133M
2024
$457M
2024
Imports of goods and services, % of GDP
70.8%
2024
23.4%
2024
Exports of goods and services, % of GDP
40.6%
2024
18%
2024

Economic freedom indices

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

Solomon Islands Zimbabwe
Economic freedom 53.7 35.2
Economic freedom ranking 137/197 190/197
Property rights 55.8 19.4
Government integrity 42.7 20.7
Judicial effectiveness 59.1 16.8
Tax burden 71.3 73.6
Government spending 54.6 93.9
Fiscal health 83.3 52.4
Business freedom 52.3 42
Labor freedom 60.4 33.3
Monetary freedom 76.5 0
Trade freedom 43.6 50.4
Investment freedom 15 10
Financial freedom 30 10

Economic freedom comparison by year

Solomon Islands
Zimbabwe
1x
Year Economic freedom index
Solomon Islands Zimbabwe
2026 53.7 35.2
2025 56.3 35.1
2024 55 38.2
2023 56.9 39
2022 56.5 33.1
2021 56.5 39.5
2020 52.9 43.1
2019 54.6 40.4
2018 57.5 44
2017 55 44
2016 47 38.2
2015 47 37.6
2014 46.2 35.5
2013 45 28.6
2012 46.2 26.3
2011 45.9 22.1
2010 42.9 21.4
2009 46 22.7
2008 - 29.5
2007 - 32
2006 - 33.5
2005 - 35.2
2004 - 34.4
2003 - 36.7
2002 - 36.7
2001 - 38.8
2000 - 48.7
1999 - 47.2
1998 - 44.6
1997 - 48
1996 - 46.7
1995 - 48.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/solomon-islands/zimbabwe | CC BY

The Economic Freedom Index for the Solomon Islands is 53.7, ranking 137/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Solomon Islands Zimbabwe
Services, % of GDP
46.9%
2024
50.6%
2024
Industry, % of GDP
23.4%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
29.7%
2024
8.69%
2024
GNI, Atlas method
$1.57B
2024
$39.9B
2024
GNI per capita, PPP
$2,680
2024
$5,870
2024
Total reserves including gold
$688M
2023
$485M
2024
Total reserves ranking
149/177
2023
157/177
2024
Net foreign direct investment
$19.9M
2024
-$465M
2024
Net inflows of foreign direct investment
$33M
2024
$465M
2024
Net outflows of foreign direct investment
$52.9M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
1.64%
2024
3.44%
2024
Poverty at national poverty lines
12.7%
2012
38.3%
2019
Gross capital formation, % of GDP
19.5%
2024
8.85%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/solomon-islands/zimbabwe | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.