Gross Fixed Capital Formation — Value Standard Local Currency in Solomon Islands
Solomon Islands: Gross Fixed Capital Formation — Value Standard Local Currency was 3,424 million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Solomon Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency in Solomon Islands is 3,424 million SLC, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 7.4% on the previous year and up 149.7% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Solomon Islands peaked at 3,424 million SLC in 2024 and was at its lowest, 4.2 million SLC, in 1970.
That places Solomon Islands 164th out of 202 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 in Solomon Islands, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 4.2 million SLC | — |
| 1971 | 7.2 million SLC | +71.4% |
| 1972 | 7.3 million SLC | +1.4% |
| 1973 | 8.29 million SLC | +13.5% |
| 1974 | 10.88 million SLC | +31.4% |
| 1975 | 13.22 million SLC | +21.4% |
| 1976 | 13.35 million SLC | +1.0% |
| 1977 | 15.48 million SLC | +15.9% |
| 1978 | 18.89 million SLC | +22.0% |
| 1979 | 22.89 million SLC | +21.2% |
| 1980 | 26.18 million SLC | +14.4% |
| 1981 | 29.08 million SLC | +11.1% |
| 1982 | 32.94 million SLC | +13.2% |
| 1983 | 30.94 million SLC | -6.1% |
| 1984 | 43 million SLC | +39.0% |
| 1985 | 49.9 million SLC | +16.0% |
| 1986 | 63.6 million SLC | +27.5% |
| 1987 | 59.6 million SLC | -6.3% |
| 1988 | 110 million SLC | +84.6% |
| 1989 | 107.9 million SLC | -1.9% |
| 1990 | 91.4 million SLC | -15.3% |
| 1991 | 135.2 million SLC | +47.9% |
| 1992 | 119.1 million SLC | -11.9% |
| 1993 | 147.8 million SLC | +24.1% |
| 1994 | 212.3 million SLC | +43.6% |
| 1995 | 225.3 million SLC | +6.1% |
| 1996 | 276.23 million SLC | +22.6% |
| 1997 | 307.03 million SLC | +11.2% |
| 1998 | 350.59 million SLC | +14.2% |
| 1999 | 387.17 million SLC | +10.4% |
| 2000 | 373.41 million SLC | -3.6% |
| 2001 | 392.68 million SLC | +5.2% |
| 2002 | 455.41 million SLC | +16.0% |
| 2003 | 283.3 million SLC | -37.8% |
| 2004 | 347.5 million SLC | +22.7% |
| 2005 | 524.7 million SLC | +51.0% |
| 2006 | 547 million SLC | +4.3% |
| 2007 | 697 million SLC | +27.4% |
| 2008 | 804.7 million SLC | +15.5% |
| 2009 | 830 million SLC | +3.1% |
| 2010 | 1,300 million SLC | +56.6% |
| 2011 | 1,221 million SLC | -6.1% |
| 2012 | 1,395 million SLC | +14.3% |
| 2013 | 1,465 million SLC | +5.0% |
| 2014 | 1,372 million SLC | -6.4% |
| 2015 | 1,654 million SLC | +20.6% |
| 2016 | 1,743 million SLC | +5.4% |
| 2017 | 2,102 million SLC | +20.6% |
| 2018 | 2,224 million SLC | +5.8% |
| 2019 | 2,704 million SLC | +21.6% |
| 2020 | 2,373 million SLC | -12.2% |
| 2021 | 2,195 million SLC | -7.5% |
| 2022 | 2,978 million SLC | +35.7% |
| 2023 | 3,189 million SLC | +7.1% |
| 2024 | 3,424 million SLC | +7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.17 million SLC | 4.2 million SLC | 22.89 million SLC | 10 |
| 1980s | 55.31 million SLC | 26.18 million SLC | 110 million SLC | 10 |
| 1990s | 225.21 million SLC | 91.4 million SLC | 387.17 million SLC | 10 |
| 2000s | 525.57 million SLC | 283.3 million SLC | 830 million SLC | 10 |
| 2010s | 1,718 million SLC | 1,221 million SLC | 2,704 million SLC | 10 |
| 2020s | 2,832 million SLC | 2,195 million SLC | 3,424 million SLC | 5 |
Countries ranked near Solomon Islands
- 161 Seychelles 4,229 million SLC compare
- 162 Malta 4,033 million SLC compare
- 163 Sao Tome and Principe 3,878 million SLC compare
- 165 Bahamas 3,423 million SLC compare
- 166 Ethiopia PDR 3,387 million SLC compare
- 167 Palestine, State of 3,004 million SLC 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)
- Net primary income (Net income from abroad) (current LCU), annual 326.31 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -1.22 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0199 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 38.46 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate -0.289 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1682 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 325.18 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0897 (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Solomon Islands?
- Gross fixed capital formation — value standard local currency in Solomon Islands was 3,424 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 recorded in Solomon Islands?
- The highest recorded value was 3,424 million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Solomon Islands?
- The lowest recorded value was 4.2 million SLC in 1970.
- How does Solomon Islands rank for gross fixed capital formation — value standard local currency?
- Solomon Islands ranks 164th out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Solomon Islands?
- Over the last ten years it is up 149.7%. 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).