Gross capital formation in Solomon Islands
Solomon Islands: Gross capital formation was 347.76 million constant 2015 US$ in 2024. ◆ Volatile
Latest (2024)
347.76 million constant 2015 US$
Change on year
up 1.9%
World rank
151st
of 163 countries
All-time high
382.00 million constant 2015 US$
in 2021
All-time low
34.43 million constant 2015 US$
in 1982
Years of data
45
1980–2024
Gross capital formation in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross capital formation in Solomon Islands is 347.76 million constant 2015 US$, measured in 2024.
The figure is up 1.9% on the previous year and up 103.9% over ten years.
Over the whole period, gross capital formation in Solomon Islands peaked at 382.00 million constant 2015 US$ in 2021 and was at its lowest, 34.43 million constant 2015 US$, in 1982.
Solomon Islands ranks 151st of 163 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Solomon Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1980 | 35.66 million constant 2015 US$ | — |
| 1981 | 35.05 million constant 2015 US$ | -1.7% |
| 1982 | 34.43 million constant 2015 US$ | -1.8% |
| 1983 | 35.82 million constant 2015 US$ | +4.0% |
| 1984 | 35.82 million constant 2015 US$ | +0.0% |
| 1985 | 34.74 million constant 2015 US$ | -3.0% |
| 1986 | 63.46 million constant 2015 US$ | +82.7% |
| 1987 | 115.64 million constant 2015 US$ | +82.2% |
| 1988 | 93.41 million constant 2015 US$ | -19.2% |
| 1989 | 121.82 million constant 2015 US$ | +30.4% |
| 1990 | 102.21 million constant 2015 US$ | -16.1% |
| 1991 | 87.70 million constant 2015 US$ | -14.2% |
| 1992 | 88.62 million constant 2015 US$ | +1.1% |
| 1993 | 107.30 million constant 2015 US$ | +21.1% |
| 1994 | 114.10 million constant 2015 US$ | +6.3% |
| 1995 | 101.90 million constant 2015 US$ | -10.7% |
| 1996 | 89.70 million constant 2015 US$ | -12.0% |
| 1997 | 95.26 million constant 2015 US$ | +6.2% |
| 1998 | 150.38 million constant 2015 US$ | +57.9% |
| 1999 | 100.20 million constant 2015 US$ | -33.4% |
| 2000 | 75.96 million constant 2015 US$ | -24.2% |
| 2001 | 71.79 million constant 2015 US$ | -5.5% |
| 2002 | 50.33 million constant 2015 US$ | -29.9% |
| 2003 | 78.28 million constant 2015 US$ | +55.5% |
| 2004 | 90.20 million constant 2015 US$ | +15.2% |
| 2005 | 154.19 million constant 2015 US$ | +70.9% |
| 2006 | 155.73 million constant 2015 US$ | +1.0% |
| 2007 | 179.18 million constant 2015 US$ | +15.1% |
| 2008 | 186.41 million constant 2015 US$ | +4.0% |
| 2009 | 181.14 million constant 2015 US$ | -2.8% |
| 2010 | 335.38 million constant 2015 US$ | +85.2% |
| 2011 | 197.48 million constant 2015 US$ | -41.1% |
| 2012 | 189.12 million constant 2015 US$ | -4.2% |
| 2013 | 182.89 million constant 2015 US$ | -3.3% |
| 2014 | 170.57 million constant 2015 US$ | -6.7% |
| 2015 | 208.54 million constant 2015 US$ | +22.3% |
| 2016 | 218.65 million constant 2015 US$ | +4.8% |
| 2017 | 263.73 million constant 2015 US$ | +20.6% |
| 2018 | 281.10 million constant 2015 US$ | +6.6% |
| 2019 | 341.03 million constant 2015 US$ | +21.3% |
| 2020 | 295.81 million constant 2015 US$ | -13.3% |
| 2021 | 382.00 million constant 2015 US$ | +29.1% |
| 2022 | 316.33 million constant 2015 US$ | -17.2% |
| 2023 | 341.33 million constant 2015 US$ | +7.9% |
| 2024 | 347.76 million constant 2015 US$ | +1.9% |
Solomon Islands compared with similar countries
- Solomon Islands's 347.76 million constant 2015 US$ is below the median for lower middle income countries, which is 5.34 billion constant 2015 US$, 7% of the median. (42 countries reporting)
- Solomon Islands's 347.76 million constant 2015 US$ is below the median for East Asia & Pacific, which is 6.48 billion constant 2015 US$, 5% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 60.58 million constant 2015 US$ | 34.43 million constant 2015 US$ | 121.82 million constant 2015 US$ | 10 |
| 1990s | 103.74 million constant 2015 US$ | 87.70 million constant 2015 US$ | 150.38 million constant 2015 US$ | 10 |
| 2000s | 122.32 million constant 2015 US$ | 50.33 million constant 2015 US$ | 186.41 million constant 2015 US$ | 10 |
| 2010s | 238.85 million constant 2015 US$ | 170.57 million constant 2015 US$ | 341.03 million constant 2015 US$ | 10 |
| 2020s | 336.64 million constant 2015 US$ | 295.81 million constant 2015 US$ | 382.00 million constant 2015 US$ | 5 |
Countries ranked near Solomon Islands
- 148 Equatorial Guinea 413.16 million constant 2015 US$ compare
- 149 Seychelles 394.30 million constant 2015 US$ compare
- 150 Samoa 348.69 million constant 2015 US$ compare
- 152 Vanuatu 335.30 million constant 2015 US$ compare
- 153 Guinea-Bissau 329.00 million constant 2015 US$ compare
- 154 Central African Republic 317.18 million constant 2015 US$ 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)
- 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$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is gross capital formation in Solomon Islands?
- Gross capital formation in Solomon Islands was 347.76 million constant 2015 US$ 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 382.00 million constant 2015 US$ in 2021.
- What is the lowest gross capital formation recorded in Solomon Islands?
- The lowest recorded value was 34.43 million constant 2015 US$ in 1982.
- How does Solomon Islands rank for gross capital formation?
- Solomon Islands ranks 151st out of 163 countries with data for 2024.
- Is gross capital formation rising or falling in Solomon Islands?
- Over the last ten years it is up 103.9%. 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.