Gross fixed capital formation (constant 2015 US$) in Solomon Islands
Solomon Islands: Gross fixed capital formation (constant 2015 US$) was 343.23 million constant 2015 US$ in 2024. ◆ Volatile
Latest (2024)
343.23 million constant 2015 US$
Change on year
up 2.1%
World rank
151st
of 161 countries
All-time high
372.11 million constant 2015 US$
in 2021
All-time low
28.73 million constant 2015 US$
in 1982
Years of data
45
1980–2024
Gross fixed capital formation in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Solomon Islands recorded 343.23 million constant 2015 US$ for gross fixed capital formation in 2024.
That represents a change of up 2.1% on the previous year and up 97.0% over ten years.
Over the whole period, gross fixed capital formation in Solomon Islands peaked at 372.11 million constant 2015 US$ in 2021 and was at its lowest, 28.73 million constant 2015 US$, in 1982.
Solomon Islands ranks 151st of 161 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (constant 2015 US$) in Solomon Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1980 | 29.73 million constant 2015 US$ | — |
| 1981 | 29.16 million constant 2015 US$ | -1.9% |
| 1982 | 28.73 million constant 2015 US$ | -1.5% |
| 1983 | 29.73 million constant 2015 US$ | +3.5% |
| 1984 | 29.87 million constant 2015 US$ | +0.5% |
| 1985 | 28.87 million constant 2015 US$ | -3.3% |
| 1986 | 52.74 million constant 2015 US$ | +82.7% |
| 1987 | 96.19 million constant 2015 US$ | +82.4% |
| 1988 | 77.75 million constant 2015 US$ | -19.2% |
| 1989 | 101.34 million constant 2015 US$ | +30.3% |
| 1990 | 86.04 million constant 2015 US$ | -15.1% |
| 1991 | 76.04 million constant 2015 US$ | -11.6% |
| 1992 | 79.04 million constant 2015 US$ | +3.9% |
| 1993 | 97.62 million constant 2015 US$ | +23.5% |
| 1994 | 107.48 million constant 2015 US$ | +10.1% |
| 1995 | 93.90 million constant 2015 US$ | -12.6% |
| 1996 | 81.18 million constant 2015 US$ | -13.5% |
| 1997 | 87.04 million constant 2015 US$ | +7.2% |
| 1998 | 137.35 million constant 2015 US$ | +57.8% |
| 1999 | 91.47 million constant 2015 US$ | -33.4% |
| 2000 | 69.32 million constant 2015 US$ | -24.2% |
| 2001 | 65.46 million constant 2015 US$ | -5.6% |
| 2002 | 46.02 million constant 2015 US$ | -29.7% |
| 2003 | 72.47 million constant 2015 US$ | +57.5% |
| 2004 | 83.50 million constant 2015 US$ | +15.2% |
| 2005 | 142.74 million constant 2015 US$ | +70.9% |
| 2006 | 144.16 million constant 2015 US$ | +1.0% |
| 2007 | 165.87 million constant 2015 US$ | +15.1% |
| 2008 | 172.57 million constant 2015 US$ | +4.0% |
| 2009 | 167.69 million constant 2015 US$ | -2.8% |
| 2010 | 310.48 million constant 2015 US$ | +85.2% |
| 2011 | 182.82 million constant 2015 US$ | -41.1% |
| 2012 | 191.69 million constant 2015 US$ | +4.9% |
| 2013 | 186.63 million constant 2015 US$ | -2.6% |
| 2014 | 174.21 million constant 2015 US$ | -6.7% |
| 2015 | 208.92 million constant 2015 US$ | +19.9% |
| 2016 | 219.24 million constant 2015 US$ | +4.9% |
| 2017 | 261.65 million constant 2015 US$ | +19.3% |
| 2018 | 278.70 million constant 2015 US$ | +6.5% |
| 2019 | 334.57 million constant 2015 US$ | +20.0% |
| 2020 | 292.29 million constant 2015 US$ | -12.6% |
| 2021 | 372.11 million constant 2015 US$ | +27.3% |
| 2022 | 311.51 million constant 2015 US$ | -16.3% |
| 2023 | 336.13 million constant 2015 US$ | +7.9% |
| 2024 | 343.23 million constant 2015 US$ | +2.1% |
Solomon Islands compared with similar countries
- Solomon Islands's 343.23 million constant 2015 US$ is below the median for lower middle income countries, which is 5.11 billion constant 2015 US$, 7% of the median. (42 countries reporting)
- Solomon Islands's 343.23 million constant 2015 US$ is below the median for East Asia & Pacific, which is 9.80 billion constant 2015 US$, 4% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 50.41 million constant 2015 US$ | 28.73 million constant 2015 US$ | 101.34 million constant 2015 US$ | 10 |
| 1990s | 93.72 million constant 2015 US$ | 76.04 million constant 2015 US$ | 137.35 million constant 2015 US$ | 10 |
| 2000s | 112.98 million constant 2015 US$ | 46.02 million constant 2015 US$ | 172.57 million constant 2015 US$ | 10 |
| 2010s | 234.89 million constant 2015 US$ | 174.21 million constant 2015 US$ | 334.57 million constant 2015 US$ | 10 |
| 2020s | 331.06 million constant 2015 US$ | 292.29 million constant 2015 US$ | 372.11 million constant 2015 US$ | 5 |
Countries ranked near Solomon Islands
- 148 Central African Republic 475.95 million constant 2015 US$ compare
- 149 Guinea-Bissau 425.88 million constant 2015 US$ compare
- 150 Seychelles 394.30 million constant 2015 US$ compare
- 152 Samoa 316.59 million constant 2015 US$ compare
- 153 San Marino 294.14 million constant 2015 US$ compare
- 154 Vanuatu 280.36 million constant 2015 US$ 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)
- SDRs holdings, US dollar, annual growth rate -99.65 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 7.33 units per person (2025)
- SDRs holdings, SDR, annual growth rate -99.64 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5.36 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -12.23 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0138 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation in Solomon Islands?
- Gross fixed capital formation in Solomon Islands was 343.23 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Solomon Islands?
- The highest recorded value was 372.11 million constant 2015 US$ in 2021.
- What is the lowest gross fixed capital formation recorded in Solomon Islands?
- The lowest recorded value was 28.73 million constant 2015 US$ in 1982.
- How does Solomon Islands rank for gross fixed capital formation?
- Solomon Islands ranks 151st out of 161 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Solomon Islands?
- Over the last ten years it is up 97.0%. 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 fixed capital formation (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.