Gross capital formation (current LCU), per unit of GDP in Solomon Islands
Solomon Islands: Gross capital formation (current LCU), per unit of GDP was 1.65 current LCU per US$ of GDP in 2024. ◆ Volatile
Gross capital formation (current LCU), per unit of GDP in Solomon Islands, 1980–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Solomon Islands recorded 1.65 current LCU per US$ of GDP for gross capital formation (current lcu), per unit of gdp in 2024.
The figure is down 7.4% on the previous year and up 76.5% over ten years.
Over the whole period, gross capital formation (current lcu), per unit of gdp in Solomon Islands peaked at 1.85 current LCU per US$ of GDP in 2019 and was at its lowest, 0.0273 current LCU per US$ of GDP, in 1980.
That places Solomon Islands 104th out of 187 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 (current LCU), per unit of GDP in Solomon Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1980 | 0.0273 current LCU per US$ of GDP | — |
| 1981 | 0.031 current LCU per US$ of GDP | +13.2% |
| 1982 | 0.0363 current LCU per US$ of GDP | +17.2% |
| 1983 | 0.0441 current LCU per US$ of GDP | +21.7% |
| 1984 | 0.0441 current LCU per US$ of GDP | -0.2% |
| 1985 | 0.0544 current LCU per US$ of GDP | +23.4% |
| 1986 | 0.1152 current LCU per US$ of GDP | +111.8% |
| 1987 | 0.2256 current LCU per US$ of GDP | +95.9% |
| 1988 | 0.187 current LCU per US$ of GDP | -17.1% |
| 1989 | 0.2603 current LCU per US$ of GDP | +39.2% |
| 1990 | 0.1908 current LCU per US$ of GDP | -26.7% |
| 1991 | 0.2593 current LCU per US$ of GDP | +35.9% |
| 1992 | 0.2305 current LCU per US$ of GDP | -11.1% |
| 1993 | 0.2893 current LCU per US$ of GDP | +25.5% |
| 1994 | 0.2259 current LCU per US$ of GDP | -21.9% |
| 1995 | 0.1789 current LCU per US$ of GDP | -20.8% |
| 1996 | 0.2037 current LCU per US$ of GDP | +13.8% |
| 1997 | 0.245 current LCU per US$ of GDP | +20.3% |
| 1998 | 0.3475 current LCU per US$ of GDP | +41.8% |
| 1999 | 0.334 current LCU per US$ of GDP | -3.9% |
| 2000 | 0.3882 current LCU per US$ of GDP | +16.2% |
| 2001 | 0.4176 current LCU per US$ of GDP | +7.6% |
| 2002 | 0.4013 current LCU per US$ of GDP | -3.9% |
| 2003 | 0.6782 current LCU per US$ of GDP | +69.0% |
| 2004 | 0.7424 current LCU per US$ of GDP | +9.5% |
| 2005 | 0.9489 current LCU per US$ of GDP | +27.8% |
| 2006 | 0.8862 current LCU per US$ of GDP | -6.6% |
| 2007 | 1 current LCU per US$ of GDP | +13.1% |
| 2008 | 1.04 current LCU per US$ of GDP | +3.4% |
| 2009 | 1.03 current LCU per US$ of GDP | -0.6% |
| 2010 | 1.45 current LCU per US$ of GDP | +40.4% |
| 2011 | 1.15 current LCU per US$ of GDP | -20.7% |
| 2012 | 1.08 current LCU per US$ of GDP | -6.3% |
| 2013 | 1.07 current LCU per US$ of GDP | -0.5% |
| 2014 | 0.932 current LCU per US$ of GDP | -12.9% |
| 2015 | 1.26 current LCU per US$ of GDP | +35.4% |
| 2016 | 1.37 current LCU per US$ of GDP | +8.4% |
| 2017 | 1.54 current LCU per US$ of GDP | +12.7% |
| 2018 | 1.52 current LCU per US$ of GDP | -1.4% |
| 2019 | 1.85 current LCU per US$ of GDP | +21.9% |
| 2020 | 1.37 current LCU per US$ of GDP | -26.0% |
| 2021 | 1.81 current LCU per US$ of GDP | +31.5% |
| 2022 | 1.7 current LCU per US$ of GDP | -5.7% |
| 2023 | 1.78 current LCU per US$ of GDP | +4.4% |
| 2024 | 1.65 current LCU per US$ of GDP | -7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1025 current LCU per US$ of GDP | 0.0273 current LCU per US$ of GDP | 0.2603 current LCU per US$ of GDP | 10 |
| 1990s | 0.2505 current LCU per US$ of GDP | 0.1789 current LCU per US$ of GDP | 0.3475 current LCU per US$ of GDP | 10 |
| 2000s | 0.7532 current LCU per US$ of GDP | 0.3882 current LCU per US$ of GDP | 1.04 current LCU per US$ of GDP | 10 |
| 2010s | 1.32 current LCU per US$ of GDP | 0.932 current LCU per US$ of GDP | 1.85 current LCU per US$ of GDP | 10 |
| 2020s | 1.66 current LCU per US$ of GDP | 1.37 current LCU per US$ of GDP | 1.81 current LCU per US$ of GDP | 5 |
Countries ranked near Solomon Islands
- 101 Eritrea 1.94 current LCU per US$ of GDP compare
- 102 Sao Tome and Principe 1.9 current LCU per US$ of GDP compare
- 103 Zimbabwe 1.75 current LCU per US$ of GDP compare
- 105 Denmark 1.46 current LCU per US$ of GDP compare
- 106 Hong Kong, China 1.43 current LCU per US$ of GDP compare
- 107 Ghana 1.41 current LCU per US$ of GDP 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)
- Gross capital formation (current US$), annual growth rate -3.58 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.1946 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 376.25 current US$ per person (2024)
- Gross capital formation (current LCU), annual growth rate -2.67 % change on previous year (2024)
- Gross capital formation (current LCU), per capita 3,181 current LCU per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 1.88 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2196 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 424.51 constant 2015 US$ per person (2024)
Frequently asked questions
- What is gross capital formation (current lcu), per unit of gdp in Solomon Islands?
- Gross capital formation (current lcu), per unit of gdp in Solomon Islands was 1.65 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross capital formation (current lcu), per unit of gdp recorded in Solomon Islands?
- The highest recorded value was 1.85 current LCU per US$ of GDP in 2019.
- What is the lowest gross capital formation (current lcu), per unit of gdp recorded in Solomon Islands?
- The lowest recorded value was 0.0273 current LCU per US$ of GDP in 1980.
- How does Solomon Islands rank for gross capital formation (current lcu), per unit of gdp?
- Solomon Islands ranks 104th out of 187 countries with data for 2024.
- Is gross capital formation (current lcu), per unit of gdp rising or falling in Solomon Islands?
- Over the last ten years it is up 76.5%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross capital formation (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross capital formation (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross capital formation (current LCU) ÷ GDP (current US$)
Computed from
- Gross capital formation Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross capital formation (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.