Gross capital formation in Solomon Islands
Solomon Islands: Gross capital formation was 2.61 billion current LCU in 2024. ◆ Volatile
Latest (2024)
2.61 billion current LCU
Change on year
down 2.7%
World rank
170th
of 187 countries
All-time high
3.00 billion current LCU
in 2019
All-time low
5.00 million current LCU
in 1980
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 current LCU.
Analysis
In 2024, gross capital formation in Solomon Islands stood at 2.61 billion current LCU.
That represents a change of down 2.7% on the previous year and up 109.4% over ten years.
Over the whole period, gross capital formation in Solomon Islands peaked at 3.00 billion current LCU in 2019 and was at its lowest, 5.00 million current LCU, in 1980.
That places Solomon Islands 170th out of 187 countries with data for 2024, putting it 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 | current LCU | Change |
|---|---|---|
| 1980 | 5.00 million current LCU | — |
| 1981 | 6.00 million current LCU | +20.0% |
| 1982 | 7.00 million current LCU | +16.7% |
| 1983 | 8.00 million current LCU | +14.3% |
| 1984 | 8.00 million current LCU | +0.0% |
| 1985 | 9.00 million current LCU | +12.5% |
| 1986 | 17.00 million current LCU | +88.9% |
| 1987 | 35.00 million current LCU | +105.9% |
| 1988 | 33.00 million current LCU | -5.7% |
| 1989 | 45.00 million current LCU | +36.4% |
| 1990 | 41.00 million current LCU | -8.9% |
| 1991 | 59.00 million current LCU | +43.9% |
| 1992 | 62.00 million current LCU | +5.1% |
| 1993 | 87.00 million current LCU | +40.3% |
| 1994 | 91.00 million current LCU | +4.6% |
| 1995 | 84.00 million current LCU | -7.7% |
| 1996 | 104.00 million current LCU | +23.8% |
| 1997 | 129.00 million current LCU | +24.0% |
| 1998 | 159.00 million current LCU | +23.3% |
| 1999 | 163.00 million current LCU | +2.5% |
| 2000 | 163.00 million current LCU | +0.0% |
| 2001 | 171.00 million current LCU | +4.9% |
| 2002 | 139.00 million current LCU | -18.7% |
| 2003 | 283.25 million current LCU | +103.8% |
| 2004 | 347.46 million current LCU | +22.7% |
| 2005 | 524.66 million current LCU | +51.0% |
| 2006 | 546.99 million current LCU | +4.3% |
| 2007 | 697.04 million current LCU | +27.4% |
| 2008 | 804.70 million current LCU | +15.4% |
| 2009 | 830.00 million current LCU | +3.1% |
| 2010 | 1.30 billion current LCU | +56.6% |
| 2011 | 1.22 billion current LCU | -6.1% |
| 2012 | 1.27 billion current LCU | +4.4% |
| 2013 | 1.38 billion current LCU | +7.9% |
| 2014 | 1.24 billion current LCU | -9.5% |
| 2015 | 1.65 billion current LCU | +32.6% |
| 2016 | 1.89 billion current LCU | +14.4% |
| 2017 | 2.27 billion current LCU | +20.1% |
| 2018 | 2.46 billion current LCU | +8.4% |
| 2019 | 3.00 billion current LCU | +22.2% |
| 2020 | 2.11 billion current LCU | -29.7% |
| 2021 | 2.81 billion current LCU | +33.4% |
| 2022 | 2.50 billion current LCU | -11.2% |
| 2023 | 2.68 billion current LCU | +7.2% |
| 2024 | 2.61 billion current LCU | -2.7% |
Solomon Islands compared with similar countries
- Solomon Islands's 2.61 billion current LCU is below the median for lower middle income countries, which is 505.56 billion current LCU, 1% of the median. (45 countries reporting)
- Solomon Islands's 2.61 billion current LCU is below the median for East Asia & Pacific, which is 177.54 billion current LCU, 1% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 17.30 million current LCU | 5.00 million current LCU | 45.00 million current LCU | 10 |
| 1990s | 97.90 million current LCU | 41.00 million current LCU | 163.00 million current LCU | 10 |
| 2000s | 450.71 million current LCU | 139.00 million current LCU | 830.00 million current LCU | 10 |
| 2010s | 1.77 billion current LCU | 1.22 billion current LCU | 3.00 billion current LCU | 10 |
| 2020s | 2.54 billion current LCU | 2.11 billion current LCU | 2.81 billion current LCU | 5 |
Countries ranked near Solomon Islands
- 168 Jordan 3.67 billion current LCU compare
- 169 Fiji 2.82 billion current LCU compare
- 171 Papua New Guinea 2.53 billion current LCU compare
- 172 South Sudan 2.49 billion current LCU compare
- 173 Curacao 2.24 billion current LCU 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 2.61 billion current LCU 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 3.00 billion current LCU in 2019.
- What is the lowest gross capital formation recorded in Solomon Islands?
- The lowest recorded value was 5.00 million current LCU in 1980.
- How does Solomon Islands rank for gross capital formation?
- Solomon Islands ranks 170th out of 187 countries with data for 2024.
- Is gross capital formation rising or falling in Solomon Islands?
- Over the last ten years it is up 109.4%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.