Final consumption expenditure in Solomon Islands
Solomon Islands: Final consumption expenditure was 108.1% in 2024. ▼ Falling
Final consumption expenditure in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Solomon Islands recorded 108.1% for final consumption expenditure in 2024.
That represents a change of up 3.1% on the previous year and up 14.5% over ten years.
Over the whole period, final consumption expenditure in Solomon Islands peaked at 229.0% in 1981 and was at its lowest, 83.6%, in 2003.
Solomon Islands ranks 16th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 45 years of available data.
Final consumption expenditure in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 228.7% | — |
| 1981 | 229.0% | +0.1% |
| 1982 | 228.5% | -0.2% |
| 1983 | 228.7% | +0.1% |
| 1984 | 228.7% | +0.0% |
| 1985 | 228.9% | +0.1% |
| 1986 | 178.5% | -22.0% |
| 1987 | 138.7% | -22.3% |
| 1988 | 199.7% | +44.0% |
| 1989 | 180.1% | -9.8% |
| 1990 | 150.2% | -16.6% |
| 1991 | 157.8% | +5.1% |
| 1992 | 128.7% | -18.4% |
| 1993 | 140.3% | +9.0% |
| 1994 | 126.6% | -9.7% |
| 1995 | 113.9% | -10.1% |
| 1996 | 117.6% | +3.2% |
| 1997 | 112.6% | -4.2% |
| 1998 | 97.9% | -13.1% |
| 1999 | 93.4% | -4.6% |
| 2000 | 107.4% | +14.9% |
| 2001 | 122.1% | +13.7% |
| 2002 | 104.7% | -14.2% |
| 2003 | 83.6% | -20.2% |
| 2004 | 89.0% | +6.4% |
| 2005 | 98.5% | +10.7% |
| 2006 | 96.8% | -1.8% |
| 2007 | 93.1% | -3.8% |
| 2008 | 95.2% | +2.2% |
| 2009 | 94.5% | -0.7% |
| 2010 | 96.0% | +1.6% |
| 2011 | 86.6% | -9.8% |
| 2012 | 88.3% | +2.0% |
| 2013 | 92.4% | +4.7% |
| 2014 | 94.4% | +2.2% |
| 2015 | 93.0% | -1.5% |
| 2016 | 91.9% | -1.2% |
| 2017 | 86.4% | -5.9% |
| 2018 | 86.1% | -0.3% |
| 2019 | 87.3% | +1.4% |
| 2020 | 88.0% | +0.8% |
| 2021 | 89.3% | +1.4% |
| 2022 | 97.3% | +8.9% |
| 2023 | 104.9% | +7.8% |
| 2024 | 108.1% | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 206.9% | 138.7% | 229.0% | 10 |
| 1990s | 123.9% | 93.4% | 157.8% | 10 |
| 2000s | 98.5% | 83.6% | 122.1% | 10 |
| 2010s | 90.2% | 86.1% | 96.0% | 10 |
| 2020s | 97.5% | 88.0% | 108.1% | 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)
- Industry (including construction), value added (constant 2015 US$) 8.33 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1909 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 369.02 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 8.33 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 1.16 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 2,233 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 2.88 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4692 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 108.1% 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 229.0% in 1981.
- What is the lowest final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was 83.6% in 2003.
- How does Solomon Islands rank for final consumption expenditure?
- Solomon Islands ranks 16th 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 14.5%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.