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 188 countries on this measure, in the bottom quarter.
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 | current LCU | Change |
|---|---|---|
| 1980 | 347.00 million current LCU | — |
| 1981 | 386.00 million current LCU | +11.2% |
| 1982 | 428.00 million current LCU | +10.9% |
| 1983 | 476.00 million current LCU | +11.2% |
| 1984 | 529.00 million current LCU | +11.1% |
| 1985 | 561.00 million current LCU | +6.0% |
| 1986 | 459.00 million current LCU | -18.2% |
| 1987 | 431.00 million current LCU | -6.1% |
| 1988 | 734.00 million current LCU | +70.3% |
| 1989 | 714.00 million current LCU | -2.7% |
| 1990 | 816.00 million current LCU | +14.3% |
| 1991 | 975.00 million current LCU | +19.5% |
| 1992 | 1.01 billion current LCU | +4.0% |
| 1993 | 1.34 billion current LCU | +32.6% |
| 1994 | 1.68 billion current LCU | +24.8% |
| 1995 | 1.82 billion current LCU | +8.5% |
| 1996 | 2.14 billion current LCU | +17.6% |
| 1997 | 2.20 billion current LCU | +2.9% |
| 1998 | 2.16 billion current LCU | -2.1% |
| 1999 | 2.21 billion current LCU | +2.3% |
| 2000 | 2.29 billion current LCU | +4.0% |
| 2001 | 2.64 billion current LCU | +15.0% |
| 2002 | 2.45 billion current LCU | -7.2% |
| 2003 | 2.62 billion current LCU | +7.0% |
| 2004 | 3.12 billion current LCU | +18.9% |
| 2005 | 4.10 billion current LCU | +31.6% |
| 2006 | 4.55 billion current LCU | +10.8% |
| 2007 | 4.95 billion current LCU | +9.0% |
| 2008 | 5.72 billion current LCU | +15.6% |
| 2009 | 6.13 billion current LCU | +7.1% |
| 2010 | 6.95 billion current LCU | +13.4% |
| 2011 | 7.04 billion current LCU | +1.2% |
| 2012 | 7.70 billion current LCU | +9.3% |
| 2013 | 8.68 billion current LCU | +12.7% |
| 2014 | 9.30 billion current LCU | +7.2% |
| 2015 | 9.63 billion current LCU | +3.6% |
| 2016 | 10.07 billion current LCU | +4.6% |
| 2017 | 10.02 billion current LCU | -0.5% |
| 2018 | 11.06 billion current LCU | +10.5% |
| 2019 | 11.56 billion current LCU | +4.5% |
| 2020 | 11.11 billion current LCU | -3.9% |
| 2021 | 11.17 billion current LCU | +0.6% |
| 2022 | 11.63 billion current LCU | +4.1% |
| 2023 | 13.23 billion current LCU | +13.7% |
| 2024 | 14.48 billion current LCU | +9.4% |
Solomon Islands compared with similar countries
- Solomon Islands's 14.48 billion current LCU is below the median for lower middle income countries, which is 1.32 trillion current LCU, 1% of the median. (45 countries reporting)
- Solomon Islands's 14.48 billion current LCU is below the median for East Asia & Pacific, which is 737.40 billion current LCU, 2% of the median. (29 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 | +70.3% | 431.00 million current LCU | 734.00 million current LCU |
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
- 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 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 188 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.
Download this data
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.