Final consumption expenditure in Solomon Islands
Solomon Islands: Final consumption expenditure was 1.65 billion constant 2015 US$ in 2024. ▬ Flat
Final consumption expenditure in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Solomon Islands recorded 1.65 billion constant 2015 US$ for final consumption expenditure in 2024. That is the highest value across all 45 years on record.
That represents a change of up 7.8% on the previous year and up 40.3% over ten years.
Over the whole period, final consumption expenditure in Solomon Islands peaked at 1.65 billion constant 2015 US$ in 2024 and was at its lowest, 635.08 million constant 2015 US$, in 2003.
Solomon Islands ranks 164th of 172 countries on this measure, in the bottom quarter.
Final consumption expenditure in Solomon Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1980 | 1.45 billion constant 2015 US$ | — |
| 1981 | 1.43 billion constant 2015 US$ | -1.8% |
| 1982 | 1.40 billion constant 2015 US$ | -1.7% |
| 1983 | 1.46 billion constant 2015 US$ | +3.9% |
| 1984 | 1.46 billion constant 2015 US$ | +0.2% |
| 1985 | 1.42 billion constant 2015 US$ | -3.1% |
| 1986 | 1.06 billion constant 2015 US$ | -25.0% |
| 1987 | 847.64 million constant 2015 US$ | -20.2% |
| 1988 | 1.30 billion constant 2015 US$ | +53.9% |
| 1989 | 1.20 billion constant 2015 US$ | -7.9% |
| 1990 | 1.27 billion constant 2015 US$ | +5.6% |
| 1991 | 1.12 billion constant 2015 US$ | -11.7% |
| 1992 | 1.04 billion constant 2015 US$ | -7.3% |
| 1993 | 1.30 billion constant 2015 US$ | +25.0% |
| 1994 | 1.47 billion constant 2015 US$ | +13.2% |
| 1995 | 1.49 billion constant 2015 US$ | +1.5% |
| 1996 | 1.24 billion constant 2015 US$ | -16.8% |
| 1997 | 1.24 billion constant 2015 US$ | -0.0% |
| 1998 | 872.79 million constant 2015 US$ | -29.7% |
| 1999 | 906.97 million constant 2015 US$ | +3.9% |
| 2000 | 832.74 million constant 2015 US$ | -8.2% |
| 2001 | 792.01 million constant 2015 US$ | -4.9% |
| 2002 | 733.77 million constant 2015 US$ | -7.4% |
| 2003 | 635.08 million constant 2015 US$ | -13.5% |
| 2004 | 715.23 million constant 2015 US$ | +12.6% |
| 2005 | 928.70 million constant 2015 US$ | +29.8% |
| 2006 | 952.51 million constant 2015 US$ | +2.6% |
| 2007 | 988.33 million constant 2015 US$ | +3.8% |
| 2008 | 1.01 billion constant 2015 US$ | +1.8% |
| 2009 | 996.62 million constant 2015 US$ | -0.9% |
| 2010 | 1.09 billion constant 2015 US$ | +9.0% |
| 2011 | 1.05 billion constant 2015 US$ | -3.7% |
| 2012 | 1.04 billion constant 2015 US$ | -0.8% |
| 2013 | 1.14 billion constant 2015 US$ | +10.0% |
| 2014 | 1.18 billion constant 2015 US$ | +3.2% |
| 2015 | 1.22 billion constant 2015 US$ | +3.2% |
| 2016 | 1.26 billion constant 2015 US$ | +3.7% |
| 2017 | 1.24 billion constant 2015 US$ | -1.8% |
| 2018 | 1.36 billion constant 2015 US$ | +9.7% |
| 2019 | 1.41 billion constant 2015 US$ | +3.6% |
| 2020 | 1.21 billion constant 2015 US$ | -13.8% |
| 2021 | 1.30 billion constant 2015 US$ | +6.9% |
| 2022 | 1.38 billion constant 2015 US$ | +6.7% |
| 2023 | 1.53 billion constant 2015 US$ | +10.8% |
| 2024 | 1.65 billion constant 2015 US$ | +7.8% |
Solomon Islands compared with similar countries
- Solomon Islands's 1.65 billion constant 2015 US$ is below the median for lower middle income countries, which is 16.69 billion constant 2015 US$, 10% of the median. (43 countries reporting)
- Solomon Islands's 1.65 billion constant 2015 US$ is below the median for East Asia & Pacific, which is 27.09 billion constant 2015 US$, 6% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +53.9% | 847.64 million constant 2015 US$ | 1.30 billion constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.30 billion constant 2015 US$ | 847.64 million constant 2015 US$ | 1.46 billion constant 2015 US$ | 10 |
| 1990s | 1.20 billion constant 2015 US$ | 872.79 million constant 2015 US$ | 1.49 billion constant 2015 US$ | 10 |
| 2000s | 858.06 million constant 2015 US$ | 635.08 million constant 2015 US$ | 1.01 billion constant 2015 US$ | 10 |
| 2010s | 1.20 billion constant 2015 US$ | 1.04 billion constant 2015 US$ | 1.41 billion constant 2015 US$ | 10 |
| 2020s | 1.42 billion constant 2015 US$ | 1.21 billion constant 2015 US$ | 1.65 billion constant 2015 US$ | 5 |
Countries ranked near Solomon Islands
- 161 Gambia 1.94 billion constant 2015 US$ compare
- 162 Bhutan 1.87 billion constant 2015 US$ compare
- 163 Guinea-Bissau 1.73 billion constant 2015 US$ compare
- 165 Comoros 1.40 billion constant 2015 US$ compare
- 166 Samoa 941.23 million constant 2015 US$ compare
- 167 San Marino 936.76 million constant 2015 US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 52.88 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0334 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 64.55 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -58.21 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0208 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Solomon Islands?
- Final consumption expenditure in Solomon Islands was 1.65 billion constant 2015 US$ 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 1.65 billion constant 2015 US$ in 2024.
- What is the lowest final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was 635.08 million constant 2015 US$ in 2003.
- How does Solomon Islands rank for final consumption expenditure?
- Solomon Islands ranks 164th out of 172 countries with data for 2024.
- Is final consumption expenditure rising or falling in Solomon Islands?
- Over the last ten years it is up 40.3%. The long-run trend across the full record is flat.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.