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Solomon Islands vs Bahamas (Standard of Living)

Published: Monday, 21th October 2024

Recently Updated: Tuesday, 14th January 2025

The Standard of living in Solomon Islands is 2.18 times lesser as compared to Bahamas.

In this page, you will find side-by-side Standard of Living comparison between Solomon Islands and Bahamas. 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 Solomon Islands and Bahamas.

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Economic Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of solomon-islands
Solomon Islands
Image illustrating the flag of solomon-islands
Pictorial representation of map of bahamas
Bahamas
Image illustrating the flag of bahamas
Gross Domestic Product (GDP)(2023)
Image representing the total Gross Domestic Product of any specific country
$2.707 billion USD$14.390 billion USD
GDP Per Capita
(2023)
Image representing the total Gross Domestic Product Per Capita of any specific country
2,252 USD35,257 USD
GINI Ratio
(2023)
Image representing the total GINI Ratio or GINI Coefficient of any specific country
0.37Yet to Update
Inflation on Consumer Prices
(2023)
Image representing the Percentage of Inflation on consumer prices of any specific country
5.89 % annually3.05 % annually
Central Government Debt
(2023)
Image representing the Central Government Debt of any specific country
15.4 % of GDP82.2 % of GDP
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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 Solomon Islands is $2.707 billion USD and that of Bahamas is $14.390 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 Solomon Islands contributes less to the country's economy compared to a person working in Bahamas.

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Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of solomon-islands
Solomon Islands
Image illustrating the flag of solomon-islands
Pictorial representation of map of bahamas
Bahamas
Image illustrating the flag of bahamas
Human Development Index (HDI) (2024)
Image representing the Human Development Index of any specific country
0.5620.820
Human Capital Index (HCI) (2024)
Image representing the Human Capital Index of any specific country
0.42Yet to Update
Literacy Rate
(2023)
Image representing the Literacy Rate of any specific country
76.6% (15 years+ above age)96% (15 years+ above age)
Life Expectancy Ratio
(2023)
Image representation of Life Expectancy Ratio any given country
64.8 years70.4 years
Healthy Life Expectancy Ratio
(2023)
Image representation of Healthy Life Expectancy Ratio any given country
57.4 years61.5 years
Poverty Ratio
(2023)
Image representing the Poverty Rate of any specific country
12.7% of total PopulationYet to Update
Unemployment Rate
(2023)
Image representing the Unemployment Rate of any specific country
1.54% of total labor force9.2% 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 Solomon Islands is [ 0.562 ] and the HDI of Bahamas is [ 0.820 ].

The data shows that the people living in Solomon Islands has lower income, life expectancy and education level compared to Bahamas.

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Government National Expenditure Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of solomon-islands
Solomon Islands
Image illustrating the flag of solomon-islands
Pictorial representation of map of bahamas
Bahamas
Image illustrating the flag of bahamas
Gross National Expenditure
(2023)
Image representing the total Gross National Expenditure of any specific country
114.28 % of GDP101.1 % of GDP
Total Health Expenditure
(2023)
Image representation of total Health Expenditure of any given country
4.76 % of GDP7.14 % of GDP
Research and Development Expenditure (2023)
Image representing the Government Expenditure of any specific country
Yet to UpdateYet to Update
Government Expenditure on Education (2023)
Image representing the Government Expenditure of any specific country
7.48 % of GDP3.09 % of GDP
International Tourism Expenditure (2023)
Image representing the International Tourism Expenditure of any specific country
30.91 million USD166 million USD
Number of International Tourists Arrivals (2023)
Image representing the Number of International Tourists Arrival in any specific country
4,4001,794,500
Military Expenditure
(2023)
Image representing the Military Expenditure of any specific country
Yet to UpdateYet to Update

The total Gross National Expenditure of Solomon Islands is 114.28% of its GDP and the total Gross National Expenditure of Bahamas is 101.1% of its GDP.

From the above data, we can say that Solomon Islands spends 1.13 times more of its GDP on Gross National Expenditure compared to Bahamas.

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Health System Facilities Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of solomon-islands
Solomon Islands
Image illustrating the flag of solomon-islands
Pictorial representation of map of bahamas
Bahamas
Image illustrating the flag of bahamas
Number of Doctors
(2023)
Visual representation of number of Doctors in any specific country
1.91
(Per 10,000 People)
18.5
(Per 10,000 People)
Number of Nurses
(2023)
Visual representation of number of Nurses in any specific country
21.4
(Per 10,000 People)
43.8
(Per 10,000 People)
Number of Pharmacists
(2023)
Visual representation of number of Pharmacists in any specific country
1.18
(Per 10,000 People)
5.34
(Per 10,000 People)
Available Hospital Beds
(2023)
Visual representation of Available Hospital Beds in any specific country
1.4
(Per 1000 People)
2.96
(Per 1000 People)
Pregnant Women Receiving Prenatal Care (2023)
Visual representation of Pregnant Women Receiving Prenatal Care in any specific country
88.5 % of total Population98 % of total Population

Solomon Islands has 9.69 times less Doctors compared to Bahamas (Per 10,000 People).

Solomon Islands has 2.05 times less Nurses compared to Bahamas (Per 10,000 People).

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Environmental Factors Comparison

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Indicators
Image illustrating an indicator
Pictorial representation of map of solomon-islands
Solomon Islands
Image illustrating the flag of solomon-islands
Pictorial representation of map of bahamas
Bahamas
Image illustrating the flag of bahamas
Agricultural Land
(2023)
Image Depicting the total Agricultural Land available in any specific country
1,200 Sq Km130 Sq Km
Forest Area
(2023)
Image Depicting the total Forest Area available in any specific country
25,222.4 Sq Km5,098.6 Sq Km
CO2 Emissions
(2023)
Image Depicting the total CO2 Emissions from any specific country
0.12 kg per PPP $ of GDP0.24 kg per PPP $ of GDP
Access to Electricity
(2023)
Image Depicting the access of electricity in any specific country
76 % of total Population100 % of total Population
Access to Internet
(2023)
Image Depicting the access of internet in any specific country
36.13 % of total Population94.29 % of total Population
Annual Fresh Water Withdrawals (2023)
Image Depicting the annual freshwater withdrawals from any specific country
Yet to UpdateYet to Update

76% of the total Population of Solomon Islands has access to the electricity in their homes, whereas, in case of Bahamas, 100% of the total Population has access to electricity.

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Business Registration Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of solomon-islands
Solomon Islands
Image illustrating the flag of solomon-islands
Pictorial representation of map of bahamas
Bahamas
Image illustrating the flag of bahamas
Time Required to Start a Business (2023)
Image representing Time Required to Start a Business
9 Days11.5 Days
New Businesses Registered (2023)
Image representing New Businesses Registered
444 (New Businesses)Yet to Update
New Businesses Registration Density (2023)
Image representing New Businesses Registration Density
1.19 (Per 1000 People)Yet to Update
Cost of Business Start-Up Procedures (2023)
Image representing Cost of Business Start-Up Procedures
27.4 % of GNI Per Capita11 % of GNI Per Capita

It usually takes 9 days in Solomon Islands and 11.5 days in Bahamas to register a new business legally and systematically.

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Import & Export Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of solomon-islands
Solomon Islands
Image illustrating the flag of solomon-islands
Pictorial representation of map of bahamas
Bahamas
Image illustrating the flag of bahamas
Imports of Goods and Services (2023)
Image representing Imports of Goods and Services
51.75 % of GDP42.96 % of GDP
Total Fuel Imports
(2023)
Image representing Total Fuel Imports
16.85 % of Merchandise Imports16.08 % of Merchandise Imports
Cost to Import Border Compliance (2023)
Image representing Cost to Import Border Compliance
740 USD 1,385 USD
Time to Import Border Compliance (2023)
Image representing Time to Import Border Compliance
108 Hours51 Hours
Cost to Import Documentary Compliance (2023)
Image representing Cost to Import documentary Compliance
215 USD 550 USD
Time to Import Documentary Compliance (2023)
Image representing Time to Import Documentary Compliance
36.5 Hours6 Hours
Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of solomon-islands
Solomon Islands
Image illustrating the flag of solomon-islands
Pictorial representation of map of bahamas
Bahamas
Image illustrating the flag of bahamas
Exports of Goods and Services (2023)
Image representing Exports of Goods and Services
26.29 % of GDP39.75 % of GDP
Total Fuel Exports
(2023)
Image representing Total Fuel Exports
0.00001 % of Merchandise ExportsYet to Update
Cost to Export Border Compliance (2023)
Image representing Cost to Export Border Compliance
630 USD512 USD
Time to Export Border Compliance (2023)
Image representing Time to Export Border Compliance
109.5 Hours36 Hours
Cost to Export Documentary Compliance (2023)
Image representing Cost to Export documentary Compliance
257 USD550 USD
Time to Export Documentary Compliance (2023)
Image representing Time to Export Documentary Compliance
60 Hours12 Hours
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Tax Factors Comparison

Image representing an indicator
Indicators
Image illustrating an indicator
Pictorial representation of map of solomon-islands
Solomon Islands
Image illustrating the flag of solomon-islands
Pictorial representation of map of bahamas
Bahamas
Image illustrating the flag of bahamas
Gross National Savings
(2023)
Image representing the total Gross National Savings of any specific country
17.54 % of GDP16.09 % of GDP
Tax Revenue
(2023)
Image representing the total tax revenue collection of any specific country
20.67 % of GDP16.43 % of GDP
Taxes on Exports
(2023)
Image representing Taxes on Exports
12.32 % of Tax Revenue8.22 % of Tax Revenue
Taxes on Goods and Services
(2023)
Image representing Taxes on Goods and Services
19.05 % of Tax Revenue57.13 % of Tax Revenue
Taxes on International Trade
(2023)
Image representing Taxes on International Trade
27.55 % of Revenue19.64 % of Revenue
Time to Prepare and Pay Taxes (2023)
Image representing Time to Prepare and Pay Taxes
80 Hours155 Hours
Customs and Other Import Duties (2023)
Image representing Customs and Other Import Duties
24.8 % of Tax Revenue11.52 % of Tax Revenue

The taxes charged by Solomon Islands on international trade is 27.55% of the total revenue and the taxes charged by Bahamas on international trade is 19.64% of the total revenue.

The Taxes charged on International Trade by Solomon Islands is 1.40 times more of its total revenue than of Bahamas.

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We hope you enjoyed the detailed guide on the standard of living comparsion between Solomon Islands and Bahamas.

For more side-by-side comparsion between Countries, States and Cities, you can use the search box above or click the links below.

The Comparedoo.com family sincerely appreciates your time with us. We look forward to seeing you on our other pages.

Pictorial representation of the map of Solomon Islands
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Pictorial representation of the map of Denmark
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Pictorial representation of the map of Vanuatu
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Pictorial representation of the map of Somalia
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