Final consumption expenditure in Solomon Islands
Solomon Islands: Final consumption expenditure was 14.48 billion current LCU in 2024. ◆ Volatile
Final consumption expenditure in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, final consumption expenditure in Solomon Islands stood at 14.48 billion current LCU. That is the highest value across all 45 years on record.
The figure is up 9.4% on the previous year and up 55.7% over ten years.
Over the whole period, final consumption expenditure in Solomon Islands peaked at 14.48 billion current LCU in 2024 and was at its lowest, 347.00 million current LCU, in 1980.
Solomon Islands ranks 166th of 187 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 506.50 million current LCU | 347.00 million current LCU | 734.00 million current LCU | 10 |
| 1990s | 1.64 billion current LCU | 816.00 million current LCU | 2.21 billion current LCU | 10 |
| 2000s | 3.86 billion current LCU | 2.29 billion current LCU | 6.13 billion current LCU | 10 |
| 2010s | 9.20 billion current LCU | 6.95 billion current LCU | 11.56 billion current LCU | 10 |
| 2020s | 12.32 billion current LCU | 11.11 billion current LCU | 14.48 billion current LCU | 5 |
Countries ranked near Solomon Islands
More economy & growth data for Solomon Islands
- External balance on goods and services as a percent of GDP -30.2% (2024)
- Inflation of consumer prices 3.4% (2025)
- GDP per capita 1,828 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.1% (2024)
- Gross domestic product (GDP) 1.53 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,828 constant 2015 US$ (2025)
- DEC alternative conversion factor 8.33 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 145.27 million current US$ (2025)
- Taxes less subsidies on products 266.39 million current LCU (2024)
Frequently asked questions
- What is final consumption expenditure in Solomon Islands?
- Final consumption expenditure in Solomon Islands was 14.48 billion current LCU 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 14.48 billion current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was 347.00 million current LCU in 1980.
- How does Solomon Islands rank for final consumption expenditure?
- Solomon Islands ranks 166th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Solomon Islands?
- Over the last ten years it is up 55.7%. 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 (current LCU). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.