Gross fixed capital formation in Solomon Islands
Solomon Islands: Gross fixed capital formation was 19.5% in 2024. ▲ Rising
Gross fixed capital formation in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross fixed capital formation in Solomon Islands stood at 19.5%.
That represents a change of down 9.4% on the previous year and up 39.8% over ten years.
Over the whole period, gross fixed capital formation in Solomon Islands peaked at 24.3% in 2021 and was at its lowest, 4.6%, in 1980.
That places Solomon Islands 128th out of 181 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Gross fixed capital formation in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 4.6% | — |
| 1981 | 4.7% | +2.9% |
| 1982 | 4.8% | +1.2% |
| 1983 | 4.8% | +0.0% |
| 1984 | 4.8% | -1.0% |
| 1985 | 4.9% | +2.9% |
| 1986 | 8.6% | +74.8% |
| 1987 | 14.5% | +69.2% |
| 1988 | 11.7% | -19.2% |
| 1989 | 14.6% | +25.0% |
| 1990 | 9.8% | -33.3% |
| 1991 | 12.3% | +26.1% |
| 1992 | 10.3% | -16.4% |
| 1993 | 11.8% | +14.6% |
| 1994 | 8.9% | -24.5% |
| 1995 | 6.3% | -29.0% |
| 1996 | 6.5% | +2.6% |
| 1997 | 6.6% | +1.7% |
| 1998 | 7.2% | +9.5% |
| 1999 | 6.9% | -4.3% |
| 2000 | 7.6% | +10.5% |
| 2001 | 7.9% | +3.7% |
| 2002 | 6.0% | -24.3% |
| 2003 | 9.0% | +50.9% |
| 2004 | 9.9% | +9.8% |
| 2005 | 12.6% | +27.0% |
| 2006 | 11.6% | -7.6% |
| 2007 | 13.1% | +12.5% |
| 2008 | 13.4% | +2.1% |
| 2009 | 12.8% | -4.4% |
| 2010 | 17.9% | +40.3% |
| 2011 | 15.0% | -16.3% |
| 2012 | 16.0% | +6.6% |
| 2013 | 15.6% | -2.5% |
| 2014 | 13.9% | -10.7% |
| 2015 | 16.0% | +14.7% |
| 2016 | 15.9% | -0.5% |
| 2017 | 18.1% | +14.1% |
| 2018 | 17.3% | -4.5% |
| 2019 | 20.4% | +18.0% |
| 2020 | 18.8% | -7.9% |
| 2021 | 24.3% | +29.1% |
| 2022 | 22.0% | -9.5% |
| 2023 | 21.5% | -2.4% |
| 2024 | 19.5% | -9.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.8% | 4.6% | 14.6% | 10 |
| 1990s | 8.7% | 6.3% | 12.3% | 10 |
| 2000s | 10.4% | 6.0% | 13.4% | 10 |
| 2010s | 16.6% | 13.9% | 20.4% | 10 |
| 2020s | 21.2% | 18.8% | 24.3% | 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 14.2 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.7383 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 1,428 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -11.05 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth -12.1 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 3.38 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 2.51 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 4,860 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 19.5% 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 24.3% in 2021.
- What is the lowest gross fixed capital formation recorded in Solomon Islands?
- The lowest recorded value was 4.6% in 1980.
- How does Solomon Islands rank for gross fixed capital formation?
- Solomon Islands ranks 128th 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 39.8%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.