Gross fixed capital formation in Solomon Islands
Solomon Islands: Gross fixed capital formation was 308.25 million current US$ in 2024. ◆ Volatile
Latest (2024)
308.25 million current US$
Change on year
down 4.7%
World rank
173rd
of 181 countries
All-time high
378.48 million current US$
in 2021
All-time low
8.10 million current US$
in 1985
Years of data
45
1980–2024
Gross fixed capital formation in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Solomon Islands recorded 308.25 million current US$ for gross fixed capital formation in 2024.
The figure is down 4.7% on the previous year and up 65.8% over ten years.
Over the whole period, gross fixed capital formation in Solomon Islands peaked at 378.48 million current US$ in 2021 and was at its lowest, 8.10 million current US$, in 1985.
That places Solomon Islands 173rd out of 181 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Solomon Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 8.44 million current US$ | — |
| 1981 | 9.19 million current US$ | +9.0% |
| 1982 | 9.27 million current US$ | +0.8% |
| 1983 | 8.71 million current US$ | -6.1% |
| 1984 | 8.64 million current US$ | -0.8% |
| 1985 | 8.10 million current US$ | -6.2% |
| 1986 | 12.63 million current US$ | +55.9% |
| 1987 | 22.46 million current US$ | +77.8% |
| 1988 | 20.65 million current US$ | -8.1% |
| 1989 | 25.29 million current US$ | +22.5% |
| 1990 | 20.96 million current US$ | -17.1% |
| 1991 | 28.00 million current US$ | +33.6% |
| 1992 | 27.66 million current US$ | -1.2% |
| 1993 | 35.45 million current US$ | +28.1% |
| 1994 | 35.85 million current US$ | +1.1% |
| 1995 | 29.65 million current US$ | -17.3% |
| 1996 | 33.09 million current US$ | +11.6% |
| 1997 | 34.71 million current US$ | +4.9% |
| 1998 | 33.02 million current US$ | -4.9% |
| 1999 | 33.69 million current US$ | +2.0% |
| 2000 | 32.03 million current US$ | -4.9% |
| 2001 | 32.40 million current US$ | +1.2% |
| 2002 | 20.74 million current US$ | -36.0% |
| 2003 | 37.74 million current US$ | +81.9% |
| 2004 | 46.42 million current US$ | +23.0% |
| 2005 | 69.68 million current US$ | +50.1% |
| 2006 | 71.88 million current US$ | +3.2% |
| 2007 | 91.09 million current US$ | +26.7% |
| 2008 | 103.86 million current US$ | +14.0% |
| 2009 | 103.04 million current US$ | -0.8% |
| 2010 | 161.16 million current US$ | +56.4% |
| 2011 | 159.79 million current US$ | -0.8% |
| 2012 | 189.69 million current US$ | +18.7% |
| 2013 | 200.59 million current US$ | +5.7% |
| 2014 | 185.95 million current US$ | -7.3% |
| 2015 | 208.92 million current US$ | +12.3% |
| 2016 | 219.30 million current US$ | +5.0% |
| 2017 | 266.52 million current US$ | +21.5% |
| 2018 | 279.70 million current US$ | +4.9% |
| 2019 | 330.85 million current US$ | +18.3% |
| 2020 | 288.95 million current US$ | -12.7% |
| 2021 | 378.48 million current US$ | +31.0% |
| 2022 | 322.55 million current US$ | -14.8% |
| 2023 | 323.39 million current US$ | +0.3% |
| 2024 | 308.25 million current US$ | -4.7% |
Solomon Islands compared with similar countries
- Solomon Islands's 308.25 million current US$ is below the median for lower middle income countries, which is 5.47 billion current US$, 6% of the median. (45 countries reporting)
- Solomon Islands's 308.25 million current US$ is below the median for East Asia & Pacific, which is 6.21 billion current US$, 5% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 13.34 million current US$ | 8.10 million current US$ | 25.29 million current US$ | 10 |
| 1990s | 31.21 million current US$ | 20.96 million current US$ | 35.85 million current US$ | 10 |
| 2000s | 60.89 million current US$ | 20.74 million current US$ | 103.86 million current US$ | 10 |
| 2010s | 220.25 million current US$ | 159.79 million current US$ | 330.85 million current US$ | 10 |
| 2020s | 324.32 million current US$ | 288.95 million current US$ | 378.48 million current US$ | 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)
- 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$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation in Solomon Islands?
- Gross fixed capital formation in Solomon Islands was 308.25 million current US$ 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 378.48 million current US$ in 2021.
- What is the lowest gross fixed capital formation recorded in Solomon Islands?
- The lowest recorded value was 8.10 million current US$ in 1985.
- How does Solomon Islands rank for gross fixed capital formation?
- Solomon Islands ranks 173rd 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 65.8%. 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 (current US$). 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 indicator is expressed in United States dollars.