Gross Fixed Capital Formation — Annual growth Standard Local Currency in Solomon Islands
Solomon Islands: Gross Fixed Capital Formation — Annual growth Standard Local Currency was 7.38 % in 2024. ◆ Volatile
Gross Fixed Capital Formation — Annual growth Standard Local Currency in Solomon Islands, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Solomon Islands recorded 7.38 % for gross fixed capital formation — annual growth standard local currency in 2024.
That represents a change of up 4.1% on the previous year and up 216.0% over ten years.
Over the whole period, gross fixed capital formation — annual growth standard local currency in Solomon Islands peaked at 84.56 % in 1988 and was at its lowest, -37.79 %, in 2003.
That places Solomon Islands 79th out of 202 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 Fixed Capital Formation — Annual growth Standard Local Currency in Solomon Islands, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 71.43 % | — |
| 1972 | 1.39 % | -98.1% |
| 1973 | 13.5 % | +871.9% |
| 1974 | 31.35 % | +132.3% |
| 1975 | 21.44 % | -31.6% |
| 1976 | 1.02 % | -95.2% |
| 1977 | 15.91 % | +1460.0% |
| 1978 | 22.04 % | +38.6% |
| 1979 | 21.19 % | -3.9% |
| 1980 | 14.37 % | -32.2% |
| 1981 | 11.1 % | -22.7% |
| 1982 | 13.25 % | +19.3% |
| 1983 | -6.06 % | -145.7% |
| 1984 | 38.97 % | -743.3% |
| 1985 | 16.05 % | -58.8% |
| 1986 | 27.45 % | +71.1% |
| 1987 | -6.29 % | -122.9% |
| 1988 | 84.56 % | -1444.6% |
| 1989 | -1.91 % | -102.3% |
| 1990 | -15.29 % | +701.0% |
| 1991 | 47.92 % | -413.4% |
| 1992 | -11.91 % | -124.8% |
| 1993 | 24.1 % | -302.4% |
| 1994 | 43.64 % | +81.1% |
| 1995 | 6.12 % | -86.0% |
| 1996 | 22.61 % | +269.2% |
| 1997 | 11.15 % | -50.7% |
| 1998 | 14.18 % | +27.2% |
| 1999 | 10.44 % | -26.4% |
| 2000 | -3.55 % | -134.1% |
| 2001 | 5.16 % | -245.2% |
| 2002 | 15.97 % | +209.5% |
| 2003 | -37.79 % | -336.6% |
| 2004 | 22.66 % | -160.0% |
| 2005 | 50.99 % | +125.0% |
| 2006 | 4.25 % | -91.7% |
| 2007 | 27.42 % | +545.2% |
| 2008 | 15.45 % | -43.7% |
| 2009 | 3.14 % | -79.7% |
| 2010 | 56.59 % | +1699.9% |
| 2011 | -6.06 % | -110.7% |
| 2012 | 14.27 % | -335.6% |
| 2013 | 4.98 % | -65.1% |
| 2014 | -6.36 % | -227.7% |
| 2015 | 20.56 % | -423.1% |
| 2016 | 5.41 % | -73.7% |
| 2017 | 20.61 % | +280.7% |
| 2018 | 5.81 % | -71.8% |
| 2019 | 21.58 % | +271.5% |
| 2020 | -12.24 % | -156.7% |
| 2021 | -7.51 % | -38.6% |
| 2022 | 35.66 % | -574.6% |
| 2023 | 7.09 % | -80.1% |
| 2024 | 7.38 % | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.14 % | 1.02 % | 71.43 % | 9 |
| 1980s | 19.15 % | -6.29 % | 84.56 % | 10 |
| 1990s | 15.3 % | -15.29 % | 47.92 % | 10 |
| 2000s | 10.37 % | -37.79 % | 50.99 % | 10 |
| 2010s | 13.74 % | -6.36 % | 56.59 % | 10 |
| 2020s | 6.07 % | -12.24 % | 35.66 % | 5 |
Countries ranked near Solomon Islands
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)
- Manufacturing, value added (constant LCU), per capita 1,018 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 14.43 % change on previous year (2024)
- Industry (including construction), value added (current US$), per 0.2337 current US$ per US$ of GDP (2024)
- Industry (including construction), value added (current US$), per 451.92 current US$ per person (2024)
- Industry (including construction), value added (current LCU), annual 15.51 % change on previous year (2024)
- Industry (including construction), value added (current LCU), per 1.98 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current LCU), per 3,821 current LCU per person (2024)
- Industry (including construction), value added (constant 2015 US$) 8.33 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation — annual growth standard local currency in Solomon Islands?
- Gross fixed capital formation — annual growth standard local currency in Solomon Islands was 7.38 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — annual growth standard local currency recorded in Solomon Islands?
- The highest recorded value was 84.56 % in 1988.
- What is the lowest gross fixed capital formation — annual growth standard local currency recorded in Solomon Islands?
- The lowest recorded value was -37.79 % in 2003.
- How does Solomon Islands rank for gross fixed capital formation — annual growth standard local currency?
- Solomon Islands ranks 79th out of 202 countries with data for 2024.
- Is gross fixed capital formation — annual growth standard local currency rising or falling in Solomon Islands?
- Over the last ten years it is up 216.0%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).