Gross fixed capital formation in Solomon Islands
Solomon Islands: Gross fixed capital formation was 2.61 billion current LCU in 2024. ◆ Volatile
Latest (2024)
2.61 billion current LCU
Change on year
down 3.8%
World rank
167th
of 181 countries
All-time high
3.04 billion current LCU
in 2021
All-time low
7.00 million current LCU
in 1980
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 current LCU.
Analysis
Solomon Islands recorded 2.61 billion current LCU for gross fixed capital formation in 2024.
The figure is down 3.8% on the previous year and up 90.0% over ten years.
Over the whole period, gross fixed capital formation in Solomon Islands peaked at 3.04 billion current LCU in 2021 and was at its lowest, 7.00 million current LCU, in 1980.
Solomon Islands ranks 167th of 181 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 in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 1980 | 7.00 million current LCU | — |
| 1981 | 8.00 million current LCU | +14.3% |
| 1982 | 9.00 million current LCU | +12.5% |
| 1983 | 10.00 million current LCU | +11.1% |
| 1984 | 11.00 million current LCU | +10.0% |
| 1985 | 12.00 million current LCU | +9.1% |
| 1986 | 22.00 million current LCU | +83.3% |
| 1987 | 45.00 million current LCU | +104.5% |
| 1988 | 43.00 million current LCU | -4.4% |
| 1989 | 58.00 million current LCU | +34.9% |
| 1990 | 53.00 million current LCU | -8.6% |
| 1991 | 76.00 million current LCU | +43.4% |
| 1992 | 81.00 million current LCU | +6.6% |
| 1993 | 113.00 million current LCU | +39.5% |
| 1994 | 118.00 million current LCU | +4.4% |
| 1995 | 101.00 million current LCU | -14.4% |
| 1996 | 118.00 million current LCU | +16.8% |
| 1997 | 129.00 million current LCU | +9.3% |
| 1998 | 159.00 million current LCU | +23.3% |
| 1999 | 163.00 million current LCU | +2.5% |
| 2000 | 163.00 million current LCU | +0.0% |
| 2001 | 171.00 million current LCU | +4.9% |
| 2002 | 140.00 million current LCU | -18.1% |
| 2003 | 283.25 million current LCU | +102.3% |
| 2004 | 347.46 million current LCU | +22.7% |
| 2005 | 524.66 million current LCU | +51.0% |
| 2006 | 546.99 million current LCU | +4.3% |
| 2007 | 697.04 million current LCU | +27.4% |
| 2008 | 804.70 million current LCU | +15.4% |
| 2009 | 830.00 million current LCU | +3.1% |
| 2010 | 1.30 billion current LCU | +56.6% |
| 2011 | 1.22 billion current LCU | -6.1% |
| 2012 | 1.40 billion current LCU | +14.3% |
| 2013 | 1.46 billion current LCU | +5.0% |
| 2014 | 1.37 billion current LCU | -6.4% |
| 2015 | 1.65 billion current LCU | +20.6% |
| 2016 | 1.74 billion current LCU | +5.4% |
| 2017 | 2.10 billion current LCU | +20.6% |
| 2018 | 2.22 billion current LCU | +5.8% |
| 2019 | 2.70 billion current LCU | +21.6% |
| 2020 | 2.37 billion current LCU | -12.2% |
| 2021 | 3.04 billion current LCU | +28.1% |
| 2022 | 2.63 billion current LCU | -13.4% |
| 2023 | 2.71 billion current LCU | +3.0% |
| 2024 | 2.61 billion current LCU | -3.8% |
Solomon Islands compared with similar countries
- Solomon Islands's 2.61 billion current LCU is below the median for lower middle income countries, which is 457.10 billion current LCU, 1% of the median. (45 countries reporting)
- Solomon Islands's 2.61 billion current LCU is below the median for East Asia & Pacific, which is 174.36 billion current LCU, 1% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 22.50 million current LCU | 7.00 million current LCU | 58.00 million current LCU | 10 |
| 1990s | 111.10 million current LCU | 53.00 million current LCU | 163.00 million current LCU | 10 |
| 2000s | 450.81 million current LCU | 140.00 million current LCU | 830.00 million current LCU | 10 |
| 2010s | 1.72 billion current LCU | 1.22 billion current LCU | 2.70 billion current LCU | 10 |
| 2020s | 2.67 billion current LCU | 2.37 billion current LCU | 3.04 billion current LCU | 5 |
Countries ranked near Solomon Islands
- 164 Kosovo 3.28 billion current LCU compare
- 164 Kosovo (UNSCR 1244) 3.28 billion current LCU compare
- 166 Fiji 2.72 billion current LCU compare
- 168 South Sudan 2.49 billion current LCU compare
- 169 Papua New Guinea 2.29 billion current LCU compare
- 170 Curacao 1.86 billion current LCU 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 fixed capital formation in Solomon Islands?
- Gross fixed capital formation in Solomon Islands was 2.61 billion current LCU 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 3.04 billion current LCU in 2021.
- What is the lowest gross fixed capital formation recorded in Solomon Islands?
- The lowest recorded value was 7.00 million current LCU in 1980.
- How does Solomon Islands rank for gross fixed capital formation?
- Solomon Islands ranks 167th out of 181 countries with data for 2024.
- Is gross fixed capital formation rising or falling in Solomon Islands?
- Over the last ten years it is up 90.0%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.