Country comparison Latvia vs Solomon Islands

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Gouvernement
GDP Growth (%) [+]20252.1%chart3.0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q45,942K
Annual GDP [+]2025€43,026Mchart€1,463M2024Annual GDP [+]
Annual GDP [+]2024$43,684Mchart$1,584M2024Annual GDP [+]
GDP per capita [+]2025€23,410chart€1,8292024GDP per capita [+]
GDP per capita [+]2024$23,243chart$1,9802024GDP per capita [+]
Quarterly GDP [+]2025Q4€11,055M
Debt (M.€.) [+]202418,802chart2302022Debt (M.€.) [+]
Debt ($M) [+]202420,343chart2432022Debt ($M) [+]
Debt (%GDP) [+]202446.60%chart15.51%2022Debt (%GDP) [+]
Debt Per Capita [+]2024€10,105chart€2952022Debt Per Capita [+]
Debt Per Capita [+]2024$10,934chart$3112022Debt Per Capita [+]
Deficit (M.€) [+]2024-732chart-372022Deficit (M.€) [+]
Deficit ($M) [+]2024-793chart-392022Deficit ($M) [+]
Deficit (%GDP) [+]2024-1.80%chart-2.51%2022Deficit (%GDP) [+]
Expenditure (M.€) [+]202418,418.9chart605.72022Expenditure (M.€) [+]
Expenditure ($M) [+]202419,346.4chart638.32022Expenditure ($M) [+]
Education Expenditure (M.€) [+]20221,558.7chart115.52023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20221,642.1chart124.92023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]20229.92%chart25.23%2024Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20241,847,488,000.0chart51.82023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20241,999,684,061.4chart56.02023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]20239.91%chart8.41%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20241,314.9
Defence Expenditure ($M) [+]20241,423.2
Defence Expenditure (%Bud.) [+]20247.49%
Expenditure (%GDP) [+]202445.60%chart40.13%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€9,900chart€7752022Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$10,398chart$8172022Expenditure Per Capita [+]
Education Expenditure P.C [+]2022€826chart€1442023Education Expenditure P.C [+]
Education Expenditure P.C [+]2022$876chart$1562023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€987chart€652023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2024$1,068chart$702023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2024€705
Defence Expenditure P.C. [+]2024$757
Moody's Rating [+]01/26/2024A3
S&P Rating [+]05/31/2024A
Fitch Rating [+]04/10/2020A-
Corruption Index [+]202360chart432023Corruption Index [+]
Competitiveness Ranking [+]201941º
Fragile States Index [+]202441.4chart77.62024Fragile States Index [+]
RTI Raking [+]2024107º
Innovation Ranking [+]202442º
Labour
Unemployment Rate [+]January 20266.9%
Unemployment rate [+]2025Q36.9%
Unemployed [+]2025Q366K
NMW [+]2026$916.5chart$198.72023NMW [+]
NMW [+]2026€780.0
Average Wage [+]2024$21,838
Average Wage [+]2024€20,176
Human Capital Ranking [+]201728º
Markets
US Dollar exchange rate [+]03/05/20260.8607
Stock ExchangeYTD % [+]03/06/2026-2.48%
Prices
CPI (overall index) [+]January 20262.9%
PPI Year on Year [+]January 20261.2%
Money Market
Key rates [+]06/11/20252.15%
Business
Doing Business [+]202019ºchart136º2020Doing Business [+]
IPI Year on Year [+]December 20251.0%
Passengers vehicles Year [+]December 202433,318
Annual Vehicles/ 1,000 p. [+]December 202211.20
Vehicles / 1,000 people [+]2021457.35
Taxes
Tax Revenue (%GDP) [+]202435.4%chart19.2%2023Tax Revenue (%GDP) [+]
Standard VAT [+]07/01/201221.00%
Top tax rate + SSC [+]202231.4%
Trade
Annual arrivals [+]2021478,000chart7002021Annual arrivals [+]
Exports [+]2025€19,604.9Mchart€394.5M2023Exports [+]
Exports [+]2025$22,153.1Mchart$426.5M2023Exports [+]
Exports % GDP [+]202447.26%chart28.32%2023Exports % GDP [+]
Imports [+]2025€23,255.2Mchart€797.7M2023Imports [+]
Imports [+]2025$26,277.9Mchart$862.5M2023Imports [+]
Imports % GDP [+]202454.31%chart57.27%2023Imports % GDP [+]
Trade balance [+]2025€-3,650.3Mchart€-403.2M2023Trade balance [+]
Trade balance [+]2025$-4,124.8Mchart$-304.5M2023Trade balance [+]
Trade balance % GDP [+]2024-7.05%chart-28.95%2023Trade balance % GDP [+]
Retail Sales YoY [+]January 20265.9%
Socio-Demography
Global AgeWatch Ranking [+]201535º
Density [+]202429chart282023Density [+]
Global Peace Ranking [+]202430º
Crude divorce rate [+]20232.80‰
Remittance received ($M) [+]20171,090.0chart20.02017Remittance received ($M) [+]
% Immigrant [+]202012.65%chart0.34%2020% Immigrant [+]
% Emigrant [+]202020.07%chart0.57%2020% Emigrant [+]
Birth Rate [+]20246.90‰chart26.94‰2023Birth Rate [+]
Remittance sent ($M) [+]2017335.2chart92.42017Remittance sent ($M) [+]
Crude death rate [+]202414.30‰chart5.14‰2023Crude death rate [+]
Fertility Rate [+]20241.24chart3.562023Fertility Rate [+]
Crude marriage rate [+]20235.60‰
% risk of poverty [+]202522.0%chart12.7%2013% risk of poverty [+]
Population [+]20241,856,932chart800,0052023Population [+]
Immigrant stock [+]2020239,422chart2,5202020Immigrant stock [+]
Emigrant stock [+]2020380,010chart4,2702020Emigrant stock [+]
HDI [+]20220.879chart0.5622022HDI [+]
Gender Gap Ranking [+]202430º
Life expectancy [+]202476.70chart70.532023Life expectancy [+]
Suicides [+]2023267chart462015Suicides [+]
Suicide rate [+]202314.20chart7.142015Suicide rate [+]
Number of homicides [+]202347chart192008Number of homicides [+]
Rate Homicides per 100.000 [+]20232.50chart3.732008Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20233.56chart0.612023CO2 Tons per capita [+]
Consumption GWh [+]20246,623chart922024Consumption GWh [+]
Generation GWh [+]20245,913chart1122024Generation GWh [+]
Others
COVID-19 - Deaths [+]02/08/20267,710chart19902/08/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]02/08/2026977,795chart25,95402/08/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]07/11/20221,305,976chart254,35210/31/2022Fully vaccinated [+]
COVID-19 - Deaths per million population [+]02/08/20264,143.90chart248.7502/08/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/20232,979,624chart625,95610/31/2022Doses administered [+]
Latvia
Solomon Islands
  • Capital: Honiara
  • Population: 800,005
  • Surface Area: 28,900 km2
  • Currency: Solomon Islands dollars
  • Religion: Mostly Christianity
  • Belongs to: ACP, IMF, UN, PIF