Gross fixed capital formation in Solomon Islands
Solomon Islands: Gross fixed capital formation was 2.1% in 2024. ◆ Volatile
Gross fixed capital formation in Solomon Islands, 1981–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for gross fixed capital formation in Solomon Islands is 2.1%, measured in 2024.
Compared with earlier readings it is down 73.3% on the previous year and up 131.7% over ten years.
Over the whole period, gross fixed capital formation in Solomon Islands peaked at 85.2% in 2010 and was at its lowest, -41.1%, in 2011.
Solomon Islands ranks 108th of 166 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 fixed capital formation in Solomon Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1981 | -1.9% | — |
| 1982 | -1.5% | -23.5% |
| 1983 | 3.5% | -336.8% |
| 1984 | 0.5% | -86.2% |
| 1985 | -3.3% | -796.7% |
| 1986 | 82.7% | -2568.4% |
| 1987 | 82.4% | -0.3% |
| 1988 | -19.2% | -123.3% |
| 1989 | 30.3% | -258.2% |
| 1990 | -15.1% | -149.8% |
| 1991 | -11.6% | -23.0% |
| 1992 | 3.9% | -133.9% |
| 1993 | 23.5% | +495.5% |
| 1994 | 10.1% | -57.0% |
| 1995 | -12.6% | -225.0% |
| 1996 | -13.5% | +7.2% |
| 1997 | 7.2% | -153.3% |
| 1998 | 57.8% | +700.7% |
| 1999 | -33.4% | -157.8% |
| 2000 | -24.2% | -27.5% |
| 2001 | -5.6% | -77.0% |
| 2002 | -29.7% | +433.4% |
| 2003 | 57.5% | -293.5% |
| 2004 | 15.2% | -73.5% |
| 2005 | 70.9% | +366.0% |
| 2006 | 1.0% | -98.6% |
| 2007 | 15.1% | +1409.7% |
| 2008 | 4.0% | -73.2% |
| 2009 | -2.8% | -170.1% |
| 2010 | 85.2% | -3109.0% |
| 2011 | -41.1% | -148.3% |
| 2012 | 4.9% | -111.8% |
| 2013 | -2.6% | -154.3% |
| 2014 | -6.7% | +152.5% |
| 2015 | 19.9% | -399.3% |
| 2016 | 4.9% | -75.2% |
| 2017 | 19.3% | +291.4% |
| 2018 | 6.5% | -66.3% |
| 2019 | 20.0% | +207.5% |
| 2020 | -12.6% | -163.0% |
| 2021 | 27.3% | -316.1% |
| 2022 | -16.3% | -159.6% |
| 2023 | 7.9% | -148.5% |
| 2024 | 2.1% | -73.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 19.3% | -19.2% | 82.7% | 9 |
| 1990s | 1.6% | -33.4% | 57.8% | 10 |
| 2000s | 10.1% | -29.7% | 70.9% | 10 |
| 2010s | 11.0% | -41.1% | 85.2% | 10 |
| 2020s | 1.7% | -16.3% | 27.3% | 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)
- Services, value added (constant LCU), per capita 7,190 constant LCU per person (2024)
- GDP deflator (base year varies by country), annual growth rate 4.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.31 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9801 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 1,895 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 8.29 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 16,023 current LCU per person (2024)
Frequently asked questions
- What is gross fixed capital formation in Solomon Islands?
- Gross fixed capital formation in Solomon Islands was 2.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Solomon Islands?
- The highest recorded value was 85.2% in 2010.
- What is the lowest gross fixed capital formation recorded in Solomon Islands?
- The lowest recorded value was -41.1% in 2011.
- How does Solomon Islands rank for gross fixed capital formation?
- Solomon Islands ranks 108th out of 166 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Solomon Islands?
- Over the last ten years it is up 131.7%. 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 Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.