Gross capital formation in Solomon Islands
Solomon Islands: Gross capital formation was 1.9% in 2024. ◆ Volatile
Gross capital formation in Solomon Islands, 1981–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
Solomon Islands recorded 1.9% for gross capital formation in 2024.
Compared with earlier readings it is down 76.2% on the previous year and up 127.9% over ten years.
Over the whole period, gross capital formation in Solomon Islands peaked at 85.2% in 2010 and was at its lowest, -41.1%, in 2011.
That places Solomon Islands 114th out of 168 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Solomon Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1981 | -1.7% | — |
| 1982 | -1.8% | +1.8% |
| 1983 | 4.0% | -329.0% |
| 1984 | 0.0% | -100.0% |
| 1985 | -3.0% | — |
| 1986 | 82.7% | -2839.8% |
| 1987 | 82.2% | -0.5% |
| 1988 | -19.2% | -123.4% |
| 1989 | 30.4% | -258.2% |
| 1990 | -16.1% | -152.9% |
| 1991 | -14.2% | -11.8% |
| 1992 | 1.1% | -107.4% |
| 1993 | 21.1% | +1895.6% |
| 1994 | 6.3% | -70.0% |
| 1995 | -10.7% | -268.9% |
| 1996 | -12.0% | +12.0% |
| 1997 | 6.2% | -151.8% |
| 1998 | 57.9% | +833.8% |
| 1999 | -33.4% | -157.7% |
| 2000 | -24.2% | -27.5% |
| 2001 | -5.5% | -77.3% |
| 2002 | -29.9% | +444.7% |
| 2003 | 55.5% | -285.7% |
| 2004 | 15.2% | -72.6% |
| 2005 | 70.9% | +366.0% |
| 2006 | 1.0% | -98.6% |
| 2007 | 15.1% | +1409.7% |
| 2008 | 4.0% | -73.2% |
| 2009 | -2.8% | -170.1% |
| 2010 | 85.2% | -3109.0% |
| 2011 | -41.1% | -148.3% |
| 2012 | -4.2% | -89.7% |
| 2013 | -3.3% | -22.3% |
| 2014 | -6.7% | +104.8% |
| 2015 | 22.3% | -430.3% |
| 2016 | 4.8% | -78.2% |
| 2017 | 20.6% | +325.3% |
| 2018 | 6.6% | -68.1% |
| 2019 | 21.3% | +223.8% |
| 2020 | -13.3% | -162.2% |
| 2021 | 29.1% | -319.7% |
| 2022 | -17.2% | -159.0% |
| 2023 | 7.9% | -146.0% |
| 2024 | 1.9% | -76.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 19.3% | -19.2% | 82.7% | 9 |
| 1990s | 0.6% | -33.4% | 57.9% | 10 |
| 2000s | 9.9% | -29.9% | 70.9% | 10 |
| 2010s | 10.5% | -41.1% | 85.2% | 10 |
| 2020s | 1.7% | -17.2% | 29.1% | 5 |
Countries ranked near Solomon Islands
- 111 Austria 2.0% compare
- 112 South Sudan 2.0% compare
- 113 China 1.9% compare
- 115 Netherlands 1.8% compare
- 116 Azerbaijan 1.5% compare
- 117 Canada 1.4% compare
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)
- 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)
- Services, value added (current US$), per capita 907.24 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 3.85 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 3.97 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 7,671 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 1.86 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4855 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross capital formation in Solomon Islands?
- Gross capital formation in Solomon Islands was 1.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Solomon Islands?
- The highest recorded value was 85.2% in 2010.
- What is the lowest gross capital formation recorded in Solomon Islands?
- The lowest recorded value was -41.1% in 2011.
- How does Solomon Islands rank for gross capital formation?
- Solomon Islands ranks 114th out of 168 countries with data for 2024.
- Is gross capital formation rising or falling in Solomon Islands?
- Over the last ten years it is up 127.9%. 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 Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.