Discrepancy in expenditure estimate of GDP in Solomon Islands
Solomon Islands: Discrepancy in expenditure estimate of GDP was 818.02 million constant LCU in 2024. ◆ Volatile
Discrepancy in expenditure estimate of GDP in Solomon Islands, 2012–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, discrepancy in expenditure estimate of gdp in Solomon Islands stood at 818.02 million constant LCU. That is the highest value across all 13 years on record.
That represents a change of up 29.5% on the previous year and up 79.5% over ten years.
Over the whole period, discrepancy in expenditure estimate of gdp in Solomon Islands peaked at 818.02 million constant LCU in 2024 and was at its lowest, 35.77 million constant LCU, in 2018.
That places Solomon Islands 33rd out of 154 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Discrepancy in expenditure estimate of GDP in Solomon Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2012 | 183.36 million constant LCU | — |
| 2013 | 167.35 million constant LCU | -8.7% |
| 2014 | 455.71 million constant LCU | +172.3% |
| 2015 | 345.51 million constant LCU | -24.2% |
| 2016 | 299.26 million constant LCU | -13.4% |
| 2017 | 130.88 million constant LCU | -56.3% |
| 2018 | 35.77 million constant LCU | -72.7% |
| 2019 | 37.83 million constant LCU | +5.8% |
| 2020 | 41.70 million constant LCU | +10.2% |
| 2021 | 55.96 million constant LCU | +34.2% |
| 2022 | 551.62 million constant LCU | +885.7% |
| 2023 | 631.75 million constant LCU | +14.5% |
| 2024 | 818.02 million constant LCU | +29.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 206.96 million constant LCU | 35.77 million constant LCU | 455.71 million constant LCU | 8 |
| 2020s | 419.81 million constant LCU | 41.70 million constant LCU | 818.02 million constant LCU | 5 |
Countries ranked near Solomon Islands
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)
- Imports of goods and services (constant 2015 US$), annual growth rate 14.2 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.7383 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 1,428 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -11.05 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth -12.1 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 3.38 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 2.51 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 4,860 current LCU per person (2024)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp in Solomon Islands?
- Discrepancy in expenditure estimate of gdp in Solomon Islands was 818.02 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Solomon Islands?
- The highest recorded value was 818.02 million constant LCU in 2024.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Solomon Islands?
- The lowest recorded value was 35.77 million constant LCU in 2018.
- How does Solomon Islands rank for discrepancy in expenditure estimate of gdp?
- Solomon Islands ranks 33rd out of 154 countries with data for 2024.
- Is discrepancy in expenditure estimate of gdp rising or falling in Solomon Islands?
- Over the last ten years it is up 79.5%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Discrepancy in expenditure estimate of GDP (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in constant prices, meaning the underlying series have been adjusted to account for price changes over time. The reference year for this adjustment varies by country.