General government final consumption expenditure in Solomon Islands
Solomon Islands: General government final consumption expenditure was 26.2% in 2024. ▬ Flat
General government final consumption expenditure in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for general government final consumption expenditure in Solomon Islands is 26.2%, measured in 2024.
The figure is down 5.9% on the previous year and down 14.2% over ten years.
Over the whole period, general government final consumption expenditure in Solomon Islands peaked at 35.1% in 2005 and was at its lowest, 16.7%, in 2003.
Solomon Islands ranks 17th of 187 countries on this measure, in the top 10%.
General government final consumption expenditure in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 16.7% | — |
| 2004 | 20.8% | +24.4% |
| 2005 | 35.1% | +68.7% |
| 2006 | 33.4% | -4.9% |
| 2007 | 31.3% | -6.2% |
| 2008 | 30.4% | -2.8% |
| 2009 | 30.6% | +0.5% |
| 2010 | 31.5% | +3.1% |
| 2011 | 24.6% | -22.1% |
| 2012 | 25.5% | +3.8% |
| 2013 | 30.6% | +19.9% |
| 2014 | 30.5% | -0.1% |
| 2015 | 29.6% | -3.1% |
| 2016 | 29.1% | -1.6% |
| 2017 | 26.0% | -10.7% |
| 2018 | 26.8% | +3.3% |
| 2019 | 27.6% | +3.0% |
| 2020 | 25.1% | -9.1% |
| 2021 | 24.9% | -0.9% |
| 2022 | 26.5% | +6.3% |
| 2023 | 27.8% | +5.2% |
| 2024 | 26.2% | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.3% | 16.7% | 35.1% | 7 |
| 2010s | 28.2% | 24.6% | 31.5% | 10 |
| 2020s | 26.1% | 24.9% | 27.8% | 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)
- Final consumption expenditure (constant 2015 US$), per capita 2,018 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 6.39 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.28 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 2,467 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 7.4 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 10.79 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 20,854 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.71 % 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 26.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest general government final consumption expenditure recorded in Solomon Islands?
- The highest recorded value was 35.1% in 2005.
- What is the lowest general government final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was 16.7% in 2003.
- How does Solomon Islands rank for general government final consumption expenditure?
- Solomon Islands ranks 17th out of 187 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Solomon Islands?
- Over the last ten years it is down 14.2%. The long-run trend across the full record is flat.
- Where does this Solomon Islands data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of General government 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. 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 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.