Gross capital formation in Solomon Islands
Solomon Islands: Gross capital formation was 19.5% in 2024. ◆ Volatile
Gross capital formation in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for gross capital formation in Solomon Islands is 19.5%, measured in 2024.
That represents a change of down 8.3% on the previous year and up 54.0% over ten years.
Over the whole period, gross capital formation in Solomon Islands peaked at 22.7% in 2019 and was at its lowest, 3.3%, in 1980.
That places Solomon Islands 135th 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 in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 3.3% | — |
| 1981 | 3.6% | +8.0% |
| 1982 | 3.7% | +5.0% |
| 1983 | 3.8% | +2.9% |
| 1984 | 3.5% | -10.0% |
| 1985 | 3.7% | +6.2% |
| 1986 | 6.6% | +80.1% |
| 1987 | 11.3% | +70.3% |
| 1988 | 9.0% | -20.3% |
| 1989 | 11.4% | +26.4% |
| 1990 | 7.5% | -33.5% |
| 1991 | 9.6% | +26.6% |
| 1992 | 7.9% | -17.6% |
| 1993 | 9.1% | +15.3% |
| 1994 | 6.9% | -24.4% |
| 1995 | 5.3% | -23.5% |
| 1996 | 5.7% | +8.7% |
| 1997 | 6.6% | +15.4% |
| 1998 | 7.2% | +9.5% |
| 1999 | 6.9% | -4.3% |
| 2000 | 7.6% | +10.5% |
| 2001 | 7.9% | +3.7% |
| 2002 | 5.9% | -24.8% |
| 2003 | 9.0% | +52.0% |
| 2004 | 9.9% | +9.8% |
| 2005 | 12.6% | +27.0% |
| 2006 | 11.6% | -7.6% |
| 2007 | 13.1% | +12.5% |
| 2008 | 13.4% | +2.1% |
| 2009 | 12.8% | -4.4% |
| 2010 | 17.9% | +40.3% |
| 2011 | 15.0% | -16.3% |
| 2012 | 14.6% | -2.7% |
| 2013 | 14.6% | +0.2% |
| 2014 | 12.6% | -13.7% |
| 2015 | 15.9% | +26.2% |
| 2016 | 17.2% | +8.0% |
| 2017 | 19.6% | +13.6% |
| 2018 | 19.1% | -2.2% |
| 2019 | 22.7% | +18.6% |
| 2020 | 16.7% | -26.3% |
| 2021 | 22.5% | +34.5% |
| 2022 | 20.9% | -7.1% |
| 2023 | 21.2% | +1.7% |
| 2024 | 19.5% | -8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.0% | 3.3% | 11.4% | 10 |
| 1990s | 7.3% | 5.3% | 9.6% | 10 |
| 2000s | 10.4% | 5.9% | 13.4% | 10 |
| 2010s | 16.9% | 12.6% | 22.7% | 10 |
| 2020s | 20.2% | 16.7% | 22.5% | 5 |
Countries ranked near Solomon Islands
- 132 Netherlands 19.8% compare
- 133 Belize 19.8% compare
- 134 United Kingdom of Great Britain and Northern Ireland 19.7% compare
- 136 Cameroon 19.3% compare
- 137 Côte d'Ivoire 19.3% compare
- 138 Cyprus 19.3% 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 unit of GDP 1.65 current LCU per US$ of GDP (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)
Frequently asked questions
- What is gross capital formation in Solomon Islands?
- Gross capital formation in Solomon Islands was 19.5% 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 22.7% in 2019.
- What is the lowest gross capital formation recorded in Solomon Islands?
- The lowest recorded value was 3.3% in 1980.
- How does Solomon Islands rank for gross capital formation?
- Solomon Islands ranks 135th 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 54.0%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.