General government final consumption expenditure in Solomon Islands
Solomon Islands: General government final consumption expenditure was 6.9% in 2024. ◆ Volatile
General government final consumption expenditure in Solomon Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
Solomon Islands recorded 6.9% for general government final consumption expenditure in 2024.
That represents a change of down 22.7% on the previous year and up 118.5% over ten years.
Over the whole period, general government final consumption expenditure in Solomon Islands peaked at 80.6% in 2005 and was at its lowest, -17.2%, in 2011.
Solomon Islands ranks 36th of 174 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
General government final consumption expenditure in Solomon Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2004 | 33.7% | — |
| 2005 | 80.6% | +138.9% |
| 2006 | 0.3% | -99.6% |
| 2007 | -2.2% | -750.5% |
| 2008 | -2.2% | -1.1% |
| 2009 | -0.1% | -97.0% |
| 2010 | 10.0% | -15640.1% |
| 2011 | -17.2% | -271.4% |
| 2012 | -9.0% | -47.5% |
| 2013 | 27.3% | -403.6% |
| 2014 | 3.1% | -88.5% |
| 2015 | 4.9% | +54.8% |
| 2016 | 4.2% | -14.0% |
| 2017 | -5.5% | -230.7% |
| 2018 | 14.4% | -362.2% |
| 2019 | 6.1% | -57.7% |
| 2020 | -13.3% | -319.3% |
| 2021 | -1.6% | -88.0% |
| 2022 | 3.7% | -332.8% |
| 2023 | 8.9% | +138.8% |
| 2024 | 6.9% | -22.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.4% | -2.2% | 80.6% | 6 |
| 2010s | 3.8% | -17.2% | 27.3% | 10 |
| 2020s | 0.9% | -13.3% | 8.9% | 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1009 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 195.12 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.8532 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 1,650 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0877 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 169.59 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 1,018 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 14.43 % change on previous year (2024)
Frequently asked questions
- What is general government final consumption expenditure in Solomon Islands?
- General government final consumption expenditure in Solomon Islands was 6.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Solomon Islands?
- The highest recorded value was 80.6% in 2005.
- What is the lowest general government final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was -17.2% in 2011.
- How does Solomon Islands rank for general government final consumption expenditure?
- Solomon Islands ranks 36th out of 174 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Solomon Islands?
- Over the last ten years it is up 118.5%. 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 General government final consumption expenditure (annual % growth). 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.