Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Solomon Islands
Solomon Islands: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 2,968 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Solomon Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Solomon Islands recorded 2,968 million SLC for gross fixed capital formation — value standard local currency, 2015 in 2024. That is the highest value across all 55 years on record.
The figure is up 3.6% on the previous year and up 115.2% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Solomon Islands peaked at 2,968 million SLC in 2024 and was at its lowest, 228.63 million SLC, in 1970.
That places Solomon Islands 157th out of 194 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 — Value Standard Local Currency, 2015 in Solomon Islands, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 228.63 million SLC | — |
| 1971 | 386.37 million SLC | +69.0% |
| 1972 | 387.32 million SLC | +0.2% |
| 1973 | 425.76 million SLC | +9.9% |
| 1974 | 470.56 million SLC | +10.5% |
| 1975 | 536.64 million SLC | +14.0% |
| 1976 | 516.88 million SLC | -3.7% |
| 1977 | 537.2 million SLC | +3.9% |
| 1978 | 615.88 million SLC | +14.6% |
| 1979 | 691.62 million SLC | +12.3% |
| 1980 | 701.19 million SLC | +1.4% |
| 1981 | 704.06 million SLC | +0.4% |
| 1982 | 699.47 million SLC | -0.7% |
| 1983 | 683.87 million SLC | -2.2% |
| 1984 | 649.54 million SLC | -5.0% |
| 1985 | 725.19 million SLC | +11.6% |
| 1986 | 860.73 million SLC | +18.7% |
| 1987 | 711.92 million SLC | -17.3% |
| 1988 | 1,105 million SLC | +55.2% |
| 1989 | 621.2 million SLC | -43.8% |
| 1990 | 527.21 million SLC | -15.1% |
| 1991 | 465.95 million SLC | -11.6% |
| 1992 | 484.35 million SLC | +3.9% |
| 1993 | 598.13 million SLC | +23.5% |
| 1994 | 658.75 million SLC | +10.1% |
| 1995 | 592.48 million SLC | -10.1% |
| 1996 | 526.98 million SLC | -11.1% |
| 1997 | 580.63 million SLC | +10.2% |
| 1998 | 943.24 million SLC | +62.5% |
| 1999 | 646.17 million SLC | -31.5% |
| 2000 | 503.63 million SLC | -22.1% |
| 2001 | 489.83 million SLC | -2.7% |
| 2002 | 353.62 million SLC | -27.8% |
| 2003 | 573.5 million SLC | +62.2% |
| 2004 | 660.81 million SLC | +15.2% |
| 2005 | 1,130 million SLC | +71.0% |
| 2006 | 1,141 million SLC | +1.0% |
| 2007 | 1,313 million SLC | +15.1% |
| 2008 | 1,366 million SLC | +4.0% |
| 2009 | 1,327 million SLC | -2.8% |
| 2010 | 2,457 million SLC | +85.2% |
| 2011 | 1,447 million SLC | -41.1% |
| 2012 | 1,517 million SLC | +4.9% |
| 2013 | 1,477 million SLC | -2.6% |
| 2014 | 1,379 million SLC | -6.7% |
| 2015 | 1,654 million SLC | +19.9% |
| 2016 | 1,735 million SLC | +4.9% |
| 2017 | 2,071 million SLC | +19.3% |
| 2018 | 2,206 million SLC | +6.5% |
| 2019 | 2,648 million SLC | +20.0% |
| 2020 | 2,313 million SLC | -12.6% |
| 2021 | 2,043 million SLC | -11.7% |
| 2022 | 2,778 million SLC | +36.0% |
| 2023 | 2,864 million SLC | +3.1% |
| 2024 | 2,968 million SLC | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 479.68 million SLC | 228.63 million SLC | 691.62 million SLC | 10 |
| 1980s | 746.17 million SLC | 621.2 million SLC | 1,105 million SLC | 10 |
| 1990s | 602.39 million SLC | 465.95 million SLC | 943.24 million SLC | 10 |
| 2000s | 885.8 million SLC | 353.62 million SLC | 1,366 million SLC | 10 |
| 2010s | 1,859 million SLC | 1,379 million SLC | 2,648 million SLC | 10 |
| 2020s | 2,593 million SLC | 2,043 million SLC | 2,968 million SLC | 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 — value standard local currency, 2015 in Solomon Islands?
- Gross fixed capital formation — value standard local currency, 2015 in Solomon Islands was 2,968 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Solomon Islands?
- The highest recorded value was 2,968 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Solomon Islands?
- The lowest recorded value was 228.63 million SLC in 1970.
- How does Solomon Islands rank for gross fixed capital formation — value standard local currency, 2015?
- Solomon Islands ranks 157th out of 194 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Solomon Islands?
- Over the last ten years it is up 115.2%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).