Final consumption expenditure in Solomon Islands
Solomon Islands: Final consumption expenditure was 7.8% in 2024. ◆ Volatile
Final consumption expenditure in Solomon Islands, 1981–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, final consumption expenditure in Solomon Islands stood at 7.8%.
The figure is down 27.7% on the previous year and up 144.7% over ten years.
Over the whole period, final consumption expenditure in Solomon Islands peaked at 53.9% in 1988 and was at its lowest, -29.7%, in 1998.
Solomon Islands ranks 18th of 175 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Solomon Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1981 | -1.8% | — |
| 1982 | -1.7% | -7.2% |
| 1983 | 3.9% | -333.2% |
| 1984 | 0.2% | -95.4% |
| 1985 | -3.1% | -1860.0% |
| 1986 | -25.0% | +696.9% |
| 1987 | -20.2% | -19.3% |
| 1988 | 53.9% | -367.4% |
| 1989 | -7.9% | -114.6% |
| 1990 | 5.6% | -171.6% |
| 1991 | -11.7% | -307.7% |
| 1992 | -7.3% | -37.2% |
| 1993 | 25.0% | -441.2% |
| 1994 | 13.2% | -47.2% |
| 1995 | 1.5% | -88.9% |
| 1996 | -16.8% | -1241.5% |
| 1997 | -0.0% | -99.9% |
| 1998 | -29.7% | +270125.5% |
| 1999 | 3.9% | -113.2% |
| 2000 | -8.2% | -309.0% |
| 2001 | -4.9% | -40.2% |
| 2002 | -7.4% | +50.3% |
| 2003 | -13.5% | +82.9% |
| 2004 | 12.6% | -193.8% |
| 2005 | 29.8% | +136.5% |
| 2006 | 2.6% | -91.4% |
| 2007 | 3.8% | +46.6% |
| 2008 | 1.8% | -53.4% |
| 2009 | -0.9% | -151.1% |
| 2010 | 9.0% | -1106.2% |
| 2011 | -3.7% | -141.1% |
| 2012 | -0.8% | -79.6% |
| 2013 | 10.0% | -1422.1% |
| 2014 | 3.2% | -68.2% |
| 2015 | 3.2% | +1.9% |
| 2016 | 3.7% | +13.5% |
| 2017 | -1.8% | -149.2% |
| 2018 | 9.7% | -635.8% |
| 2019 | 3.6% | -63.4% |
| 2020 | -13.8% | -488.1% |
| 2021 | 6.9% | -150.2% |
| 2022 | 6.7% | -2.7% |
| 2023 | 10.8% | +59.6% |
| 2024 | 7.8% | -27.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -0.2% | -25.0% | 53.9% | 9 |
| 1990s | -1.6% | -29.7% | 25.0% | 10 |
| 2000s | 1.6% | -13.5% | 29.8% | 10 |
| 2010s | 3.6% | -3.7% | 10.0% | 10 |
| 2020s | 3.7% | -13.8% | 10.8% | 5 |
Countries ranked near Solomon Islands
- 15 Uzbekistan 7.9% compare
- 16 Rwanda 7.8% compare
- 17 Mauritania 7.8% compare
- 19 Sao Tome and Principe 7.7% compare
- 20 India 7.5% compare
- 21 Togo 7.4% 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)
- GDP (constant 2015 US$), annual growth rate 3.62 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8764 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 1,828 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 3.62 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 6.32 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 13,194 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate -74.91 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP -0.081 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure in Solomon Islands?
- Final consumption expenditure in Solomon Islands was 7.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Solomon Islands?
- The highest recorded value was 53.9% in 1988.
- What is the lowest final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was -29.7% in 1998.
- How does Solomon Islands rank for final consumption expenditure?
- Solomon Islands ranks 18th out of 175 countries with data for 2024.
- Is final consumption expenditure rising or falling in Solomon Islands?
- Over the last ten years it is up 144.7%. 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 Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.