Final consumption expenditure in Solomon Islands
Solomon Islands: Final consumption expenditure was 1.71 billion current US$ in 2024. ◆ Volatile
Final consumption expenditure in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for final consumption expenditure in Solomon Islands is 1.71 billion current US$, measured in 2024. That is the highest value across all 45 years on record.
The figure is up 8.4% on the previous year and up 35.8% over ten years.
Over the whole period, final consumption expenditure in Solomon Islands peaked at 1.71 billion current US$ in 2024 and was at its lowest, 215.15 million current US$, in 1987.
That places Solomon Islands 179th out of 188 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Solomon Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 418.16 million current US$ | — |
| 1981 | 443.59 million current US$ | +6.1% |
| 1982 | 440.74 million current US$ | -0.6% |
| 1983 | 414.43 million current US$ | -6.0% |
| 1984 | 415.32 million current US$ | +0.2% |
| 1985 | 378.86 million current US$ | -8.8% |
| 1986 | 263.57 million current US$ | -30.4% |
| 1987 | 215.15 million current US$ | -18.4% |
| 1988 | 352.46 million current US$ | +63.8% |
| 1989 | 311.35 million current US$ | -11.7% |
| 1990 | 322.69 million current US$ | +3.6% |
| 1991 | 359.15 million current US$ | +11.3% |
| 1992 | 346.30 million current US$ | -3.6% |
| 1993 | 421.93 million current US$ | +21.8% |
| 1994 | 510.12 million current US$ | +20.9% |
| 1995 | 534.66 million current US$ | +4.8% |
| 1996 | 600.33 million current US$ | +12.3% |
| 1997 | 592.96 million current US$ | -1.2% |
| 1998 | 447.92 million current US$ | -24.5% |
| 1999 | 455.96 million current US$ | +1.8% |
| 2000 | 450.78 million current US$ | -1.1% |
| 2001 | 500.00 million current US$ | +10.9% |
| 2002 | 362.73 million current US$ | -27.5% |
| 2003 | 349.07 million current US$ | -3.8% |
| 2004 | 416.33 million current US$ | +19.3% |
| 2005 | 544.62 million current US$ | +30.8% |
| 2006 | 597.34 million current US$ | +9.7% |
| 2007 | 647.41 million current US$ | +8.4% |
| 2008 | 738.84 million current US$ | +14.1% |
| 2009 | 761.28 million current US$ | +3.0% |
| 2010 | 862.34 million current US$ | +13.3% |
| 2011 | 921.08 million current US$ | +6.8% |
| 2012 | 1.05 billion current US$ | +13.6% |
| 2013 | 1.19 billion current US$ | +13.5% |
| 2014 | 1.26 billion current US$ | +6.1% |
| 2015 | 1.22 billion current US$ | -3.5% |
| 2016 | 1.27 billion current US$ | +4.2% |
| 2017 | 1.27 billion current US$ | +0.2% |
| 2018 | 1.39 billion current US$ | +9.6% |
| 2019 | 1.41 billion current US$ | +1.6% |
| 2020 | 1.35 billion current US$ | -4.4% |
| 2021 | 1.39 billion current US$ | +2.9% |
| 2022 | 1.43 billion current US$ | +2.5% |
| 2023 | 1.58 billion current US$ | +10.7% |
| 2024 | 1.71 billion current US$ | +8.4% |
Solomon Islands compared with similar countries
- Solomon Islands's 1.71 billion current US$ is below the median for lower middle income countries, which is 23.88 billion current US$, 7% of the median. (45 countries reporting)
- Solomon Islands's 1.71 billion current US$ is below the median for East Asia & Pacific, which is 16.77 billion current US$, 10% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 365.36 million current US$ | 215.15 million current US$ | 443.59 million current US$ | 10 |
| 1990s | 459.20 million current US$ | 322.69 million current US$ | 600.33 million current US$ | 10 |
| 2000s | 536.84 million current US$ | 349.07 million current US$ | 761.28 million current US$ | 10 |
| 2010s | 1.18 billion current US$ | 862.34 million current US$ | 1.41 billion current US$ | 10 |
| 2020s | 1.49 billion current US$ | 1.35 billion current US$ | 1.71 billion current US$ | 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$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Solomon Islands?
- Final consumption expenditure in Solomon Islands was 1.71 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Solomon Islands?
- The highest recorded value was 1.71 billion current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was 215.15 million current US$ in 1987.
- How does Solomon Islands rank for final consumption expenditure?
- Solomon Islands ranks 179th 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 35.8%. 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 Offices (NSOs), published as part of Final consumption expenditure (current US$). 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 indicator is expressed in United States dollars.