Published: Monday, 21th October 2024
The Standard of living in Djibouti is 1.07 times better as compared to Solomon Islands.
In this page, you will find side-by-side Standard of Living comparison between Djibouti and Solomon Islands. We have created 53 standard-of-living indicators. We average the values and ranges of all those indicators and take a mathematically calculated approach to determine which country has a better standard of living between Djibouti and Solomon Islands.
 Indicators  | Djibouti  | Solomon Islands  |
|---|---|---|
Gross Domestic Product (GDP)(2023)  | $3.873 billion USD | $2.707 billion USD |
GDP Per Capita (2023)  | 3,761 USD | 2,252 USD |
GINI Ratio (2023)  | 0.42 | 0.37 |
Inflation on Consumer Prices (2023)  | 1.5 % annually | 5.89 % annually |
Central Government Debt (2023)  | Yet to Update | 15.4 % of GDP |
Gross Domestic Product (GDP) is a measure of the total value of all goods and services produced within a country in a specific time period, usually a year. It is used to gauge the economic performance of a country and indicates how wealthy and productive a nation is. In simple terms, GDP tells us how much a country is producing and how well its economy is doing.
As per the statistics from the World Bank Data for the year 2023, the total GDP of Djibouti is $3.873 billion USD and that of Solomon Islands is $2.707 billion USD.
On the other hand, Gross Domestic Product (GDP) Per Capita is the average economic output per person in a country. Simply put, it shows how much, on average, each person contributes to the economy, giving an idea of the standard of living and economic well-being of the people in that country.
From the above data, we can say that a person living and working in Djibouti contributes more to the country's economy compared to a person working in Solomon Islands.
Indicators | Djibouti | Solomon Islands |
|---|---|---|
Human Development Index (HDI) (2024)  | 0.509 | 0.562 |
Human Capital Index (HCI) (2024)  | Yet to Update | 0.42 |
Literacy Rate (2023)  | 70% (15 years+ above age) | 76.6% (15 years+ above age) |
Life Expectancy Ratio (2023)  | 64.9 years | 64.8 years |
Healthy Life Expectancy Ratio (2023)  | 57 years | 57.4 years |
Poverty Ratio (2023)  | 21.1% of total Population | 12.7% of total Population |
Unemployment Rate (2023)  | 26.26% of total labor force | 1.54% of total labor force |
The Human Development Index (HDI) is a measure used to assess the overall well-being and quality of life of people living in a country. The key dimensions that give a country good HDI rank are a long and healthy life, being knowledgeable and having a decent standard of living.
From the above given statistics, we can see that the HDI of Djibouti is [ 0.509 ] and the HDI of Solomon Islands is [ 0.562 ].
The data shows that the people living in Djibouti has lower income, life expectancy and education level compared to Solomon Islands.
Indicators | Djibouti | Solomon Islands |
|---|---|---|
Gross National Expenditure (2023)  | 104.49 % of GDP | 114.28 % of GDP |
Total Health Expenditure (2023)  | 2.88 % of GDP | 4.76 % of GDP |
Research and Development Expenditure (2023)  | Yet to Update | Yet to Update |
Government Expenditure on Education (2023)  | 3.75 % of GDP | 7.48 % of GDP |
International Tourism Expenditure (2023)  | 29.60 million USD | 30.91 million USD |
Number of International Tourists Arrivals (2023)  | 63,000 | 4,400 |
Military Expenditure (2023)  | 2.63 % of GDP | Yet to Update |
The total Gross National Expenditure of Djibouti is 104.49% of its GDP and the total Gross National Expenditure of Solomon Islands is 114.28% of its GDP.
From the above data, we can say that Djibouti spends 1.09 times less of its GDP on Gross National Expenditure compared to Solomon Islands.
Indicators | Djibouti | Solomon Islands |
|---|---|---|
Number of Doctors (2023)  | 2.03 (Per 10,000 People) | 1.91 (Per 10,000 People) |
Number of Nurses (2023)  | 6.62 (Per 10,000 People) | 21.4 (Per 10,000 People) |
Number of Pharmacists (2023)  | 2.12 (Per 10,000 People) | 1.18 (Per 10,000 People) |
Available Hospital Beds (2023)  | 1.4 (Per 1000 People) | 1.4 (Per 1000 People) |
Pregnant Women Receiving Prenatal Care (2023)  | 87.7 % of total Population | 88.5 % of total Population |
Djibouti has 1.06 times more Doctors compared to Solomon Islands (Per 10,000 People).
Djibouti has 3.23 times less Nurses compared to Solomon Islands (Per 10,000 People).
Indicators | Djibouti | Solomon Islands |
|---|---|---|
Agricultural Land (2023)  | 17,039 Sq Km | 1,200 Sq Km |
Forest Area (2023)  | 58.73 Sq Km | 25,222.4 Sq Km |
CO2 Emissions (2023)  | 0.07 kg per PPP $ of GDP | 0.12 kg per PPP $ of GDP |
Access to Electricity (2023)  | 65 % of total Population | 76 % of total Population |
Access to Internet (2023)  | 68.86 % of total Population | 36.13 % of total Population |
Annual Fresh Water Withdrawals (2023)  | 0.02 Billion cubic meters | Yet to Update |
65% of the total Population of Djibouti has access to the electricity in their homes, whereas, in case of Solomon Islands, 76% of the total Population has access to electricity.
Indicators | Djibouti | Solomon Islands |
|---|---|---|
Time Required to Start a Business (2023)  | 14 Days | 9 Days |
New Businesses Registered (2023)  | 1,142 (New Businesses) | 444 (New Businesses) |
New Businesses Registration Density (2023)  | 1.63 (Per 1000 People) | 1.19 (Per 1000 People) |
Cost of Business Start-Up Procedures (2023)  | 39.7 % of GNI Per Capita | 27.4 % of GNI Per Capita |
In the year 2023, 1,142 new businesses got registered in Djibouti and 444 new businesses got registered in Solomon Islands.
It usually takes 14 days in Djibouti and 9 days in Solomon Islands to register a new business legally and systematically.
Indicators | Djibouti | Solomon Islands |
|---|---|---|
Imports of Goods and Services (2023)  | 173.6 % of GDP | 51.75 % of GDP |
Total Fuel Imports (2023)  | 6.45 % of Merchandise Imports | 16.85 % of Merchandise Imports |
Cost to Import Border Compliance (2023)  | 1,055 USD | 740 USD |
Time to Import Border Compliance (2023)  | 118 Hours | 108 Hours |
Cost to Import Documentary Compliance (2023)  | 100 USD | 215 USD |
Time to Import Documentary Compliance (2023)  | 50 Hours | 36.5 Hours |
Indicators | Djibouti | Solomon Islands |
|---|---|---|
Exports of Goods and Services (2023)  | 169.11 % of GDP | 26.29 % of GDP |
Total Fuel Exports (2023)  | 6.47 % of Merchandise Exports | 0.00001 % of Merchandise Exports |
Cost to Export Border Compliance (2023)  | 605.29 USD | 630 USD |
Time to Export Border Compliance (2023)  | 72 Hours | 109.5 Hours |
Cost to Export Documentary Compliance (2023)  | 95 USD | 257 USD |
Time to Export Documentary Compliance (2023)  | 60 Hours | 60 Hours |
Indicators | Djibouti | Solomon Islands |
|---|---|---|
Gross National Savings (2023)  | 18.54 % of GDP | 17.54 % of GDP |
Tax Revenue (2023)  | Yet to Update | 20.67 % of GDP |
Taxes on Exports (2023)  | Yet to Update | 12.32 % of Tax Revenue |
Taxes on Goods and Services (2023)  | Yet to Update | 19.05 % of Tax Revenue |
Taxes on International Trade (2023)  | Yet to Update | 27.55 % of Revenue |
Time to Prepare and Pay Taxes (2023)  | 76 Hours | 80 Hours |
Customs and Other Import Duties (2023)  | Yet to Update | 24.8 % of Tax Revenue |
We hope you enjoyed the detailed guide on the standard of living comparsion between Djibouti and Solomon Islands.
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