Gross Domestic Product — Value Standard Local Currency, annual growth in Solomon Islands
Solomon Islands: Gross Domestic Product — Value Standard Local Currency, annual growth was 7.02 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Solomon Islands, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Solomon Islands is 7.02 % change on previous year, measured in 2024.
The figure is down 1.0% on the previous year and up 43.1% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Solomon Islands peaked at 56.79 % change on previous year in 1984 and was at its lowest, -10.79 % change on previous year, in 1983.
Solomon Islands ranks 106th of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Solomon Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.64 % change on previous year | — |
| 1972 | 3.61 % change on previous year | -45.7% |
| 1973 | 12.66 % change on previous year | +251.0% |
| 1974 | 42.98 % change on previous year | +239.5% |
| 1975 | -2.75 % change on previous year | -106.4% |
| 1976 | 19.19 % change on previous year | -797.8% |
| 1977 | 24.58 % change on previous year | +28.1% |
| 1978 | 16.73 % change on previous year | -31.9% |
| 1979 | 31.35 % change on previous year | +87.3% |
| 1980 | 5.68 % change on previous year | -81.9% |
| 1981 | 18.05 % change on previous year | +217.9% |
| 1982 | 12.73 % change on previous year | -29.5% |
| 1983 | -10.79 % change on previous year | -184.7% |
| 1984 | 56.79 % change on previous year | -626.4% |
| 1985 | 6.86 % change on previous year | -87.9% |
| 1986 | 6.59 % change on previous year | -4.0% |
| 1987 | 15.96 % change on previous year | +142.4% |
| 1988 | 25.34 % change on previous year | +58.8% |
| 1989 | 4.74 % change on previous year | -81.3% |
| 1990 | 36.91 % change on previous year | +678.6% |
| 1991 | 13.68 % change on previous year | -62.9% |
| 1992 | 27.54 % change on previous year | +101.3% |
| 1993 | 18.1 % change on previous year | -34.3% |
| 1994 | 16.79 % change on previous year | -7.2% |
| 1995 | 21.86 % change on previous year | +30.2% |
| 1996 | 19.56 % change on previous year | -10.5% |
| 1997 | 9.01 % change on previous year | -53.9% |
| 1998 | 17.42 % change on previous year | +93.3% |
| 1999 | 10.03 % change on previous year | -42.4% |
| 2000 | -3.36 % change on previous year | -133.5% |
| 2001 | 5.97 % change on previous year | -277.7% |
| 2002 | 8.06 % change on previous year | +35.1% |
| 2003 | 31.17 % change on previous year | +286.6% |
| 2004 | 11.73 % change on previous year | -62.3% |
| 2005 | 18.85 % change on previous year | +60.6% |
| 2006 | 12.82 % change on previous year | -32.0% |
| 2007 | 13.27 % change on previous year | +3.5% |
| 2008 | 13.06 % change on previous year | -1.6% |
| 2009 | 7.88 % change on previous year | -39.7% |
| 2010 | 11.62 % change on previous year | +47.5% |
| 2011 | 12.24 % change on previous year | +5.3% |
| 2012 | 7.23 % change on previous year | -40.9% |
| 2013 | 7.71 % change on previous year | +6.6% |
| 2014 | 4.9 % change on previous year | -36.4% |
| 2015 | 5.09 % change on previous year | +3.8% |
| 2016 | 5.92 % change on previous year | +16.3% |
| 2017 | 5.73 % change on previous year | -3.2% |
| 2018 | 10.82 % change on previous year | +88.8% |
| 2019 | 3.01 % change on previous year | -72.2% |
| 2020 | -4.66 % change on previous year | -254.8% |
| 2021 | -3.08 % change on previous year | -33.9% |
| 2022 | 4.47 % change on previous year | -245.0% |
| 2023 | 7.09 % change on previous year | +58.7% |
| 2024 | 7.02 % change on previous year | -1.0% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1976 | +797.8% | -2.75 % change on previous year | 19.19 % change on previous year |
| 1990 | +678.6% | 4.74 % change on previous year | 36.91 % change on previous year |
| 1984 | +626.4% | -10.79 % change on previous year | 56.79 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.22 % change on previous year | -2.75 % change on previous year | 42.98 % change on previous year | 9 |
| 1980s | 14.19 % change on previous year | -10.79 % change on previous year | 56.79 % change on previous year | 10 |
| 1990s | 19.09 % change on previous year | 9.01 % change on previous year | 36.91 % change on previous year | 10 |
| 2000s | 11.95 % change on previous year | -3.36 % change on previous year | 31.17 % change on previous year | 10 |
| 2010s | 7.43 % change on previous year | 3.01 % change on previous year | 12.24 % change on previous year | 10 |
| 2020s | 2.17 % change on previous year | -4.66 % change on previous year | 7.09 % change on previous year | 5 |
Countries ranked near Solomon Islands
- 103 Montenegro 7.12 % change on previous year compare
- 104 Cyprus 7.11 % change on previous year compare
- 105 Namibia 7.08 % change on previous year compare
- 107 Mozambique 7.01 % change on previous year compare
- 108 Paraguay 6.95 % change on previous year compare
- 109 Tonga 6.91 % change on previous year 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 domestic product — value standard local currency, annual growth in Solomon Islands?
- Gross domestic product — value standard local currency, annual growth in Solomon Islands was 7.02 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Solomon Islands?
- The highest recorded value was 56.79 % change on previous year in 1984.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Solomon Islands?
- The lowest recorded value was -10.79 % change on previous year in 1983.
- How does Solomon Islands rank for gross domestic product — value standard local currency, annual growth?
- Solomon Islands ranks 106th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Solomon Islands?
- Over the last ten years it is up 43.1%. 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 Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.