Annual growth of the gross capital formation in Solomon Islands
Solomon Islands: Annual growth of the gross capital formation was 1.9% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Solomon Islands, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Solomon Islands recorded 1.9% for annual growth of the gross capital formation in 2024.
That represents a change of down 76.2% on the previous year and up 127.9% over ten years.
Over the whole period, annual growth of the gross capital formation in Solomon Islands peaked at 85.2% in 2010 and was at its lowest, -41.1%, in 2011.
Solomon Islands ranks 96th of 167 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the gross capital formation in Solomon Islands, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -24.2% | — |
| 2001 | -5.5% | -77.3% |
| 2002 | -29.9% | +444.4% |
| 2003 | 55.5% | -285.7% |
| 2004 | 15.2% | -72.6% |
| 2005 | 71.0% | +365.9% |
| 2006 | 1.0% | -98.6% |
| 2007 | 15.1% | +1406.0% |
| 2008 | 4.0% | -73.2% |
| 2009 | -2.8% | -170.0% |
| 2010 | 85.2% | -3109.2% |
| 2011 | -41.1% | -148.3% |
| 2012 | -4.2% | -89.7% |
| 2013 | -3.3% | -22.4% |
| 2014 | -6.7% | +104.9% |
| 2015 | 22.3% | -430.4% |
| 2016 | 4.8% | -78.2% |
| 2017 | 20.6% | +325.2% |
| 2018 | 6.6% | -68.0% |
| 2019 | 21.3% | +223.5% |
| 2020 | -13.3% | -162.2% |
| 2021 | 29.1% | -319.8% |
| 2022 | -17.2% | -159.0% |
| 2023 | 7.9% | -146.0% |
| 2024 | 1.9% | -76.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.9% | -29.9% | 71.0% | 10 |
| 2010s | 10.5% | -41.1% | 85.2% | 10 |
| 2020s | 1.7% | -17.2% | 29.1% | 5 |
Countries ranked near Solomon Islands
- 93 Switzerland 2.4% compare
- 94 Russian Federation 2.1% compare
- 95 South Sudan 2.0% compare
- 97 Tunisia 1.7% compare
- 98 Denmark 1.7% compare
- 99 Azerbaijan 1.5% compare
More economy & growth data for Solomon Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9064 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.96 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate -3.58 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.1946 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 376.25 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -2.67 % change on previous year (2024)
- Gross capital formation (current LCU), per unit of GDP 1.65 current LCU per US$ of GDP (2024)
- Gross capital formation (current LCU), per capita 3,181 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 1.88 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2196 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is annual growth of the gross capital formation in Solomon Islands?
- Annual growth of the gross capital formation in Solomon Islands was 1.9% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Solomon Islands?
- The highest recorded value was 85.2% in 2010.
- What is the lowest annual growth of the gross capital formation recorded in Solomon Islands?
- The lowest recorded value was -41.1% in 2011.
- How does Solomon Islands rank for annual growth of the gross capital formation?
- Solomon Islands ranks 96th out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Solomon Islands?
- Over the last ten years it is up 127.9%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).