Gross capital formation in Solomon Islands
Solomon Islands: Gross capital formation was 2.61 billion current LCU in 2024. ◆ Volatile
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 169th out of 186 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.
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
- 167 Jordan 3.67 billion current LCU compare
- 168 Fiji 2.82 billion current LCU compare
- 170 Papua New Guinea 2.53 billion current LCU compare
- 171 South Sudan 2.49 billion current LCU compare
- 172 Curacao 2.24 billion current LCU compare
More economy & growth data for Solomon Islands
- External balance on goods and services as a percent of GDP -30.2% (2024)
- Inflation of consumer prices 3.4% (2025)
- GDP per capita 1,828 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.1% (2024)
- Gross domestic product (GDP) 1.53 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,828 constant 2015 US$ (2025)
- DEC alternative conversion factor 8.33 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 145.27 million current US$ (2025)
- Taxes less subsidies on products 266.39 million current LCU (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 169th out of 186 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.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.