Gross Fixed Capital Formation — Value US$ in Solomon Islands
Solomon Islands: Gross Fixed Capital Formation — Value US$ was 404.97 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Solomon Islands, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Solomon Islands recorded 404.97 million USD for gross fixed capital formation — value us$ in 2024. That is the highest value across all 55 years on record.
That represents a change of up 6.4% on the previous year and up 117.8% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Solomon Islands peaked at 404.97 million USD in 2024 and was at its lowest, 4.7 million USD, in 1970.
That places Solomon Islands 207th out of 235 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 US$ in Solomon Islands, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 4.7 million USD | — |
| 1971 | 8.17 million USD | +73.6% |
| 1972 | 8.72 million USD | +6.8% |
| 1973 | 11.77 million USD | +35.0% |
| 1974 | 15.59 million USD | +32.5% |
| 1975 | 17.3 million USD | +11.0% |
| 1976 | 16.32 million USD | -5.7% |
| 1977 | 17.16 million USD | +5.2% |
| 1978 | 21.62 million USD | +26.0% |
| 1979 | 26.43 million USD | +22.3% |
| 1980 | 31.55 million USD | +19.3% |
| 1981 | 33.42 million USD | +6.0% |
| 1982 | 33.92 million USD | +1.5% |
| 1983 | 26.94 million USD | -20.6% |
| 1984 | 33.76 million USD | +25.3% |
| 1985 | 33.7 million USD | -0.2% |
| 1986 | 36.52 million USD | +8.4% |
| 1987 | 29.75 million USD | -18.5% |
| 1988 | 52.82 million USD | +77.5% |
| 1989 | 47.05 million USD | -10.9% |
| 1990 | 36.14 million USD | -23.2% |
| 1991 | 49.8 million USD | +37.8% |
| 1992 | 40.67 million USD | -18.3% |
| 1993 | 46.37 million USD | +14.0% |
| 1994 | 64.5 million USD | +39.1% |
| 1995 | 66.15 million USD | +2.6% |
| 1996 | 77.45 million USD | +17.1% |
| 1997 | 82.6 million USD | +6.6% |
| 1998 | 72.8 million USD | -11.9% |
| 1999 | 80.02 million USD | +9.9% |
| 2000 | 73.38 million USD | -8.3% |
| 2001 | 74.4 million USD | +1.4% |
| 2002 | 67.48 million USD | -9.3% |
| 2003 | 37.74 million USD | -44.1% |
| 2004 | 46.43 million USD | +23.0% |
| 2005 | 69.68 million USD | +50.1% |
| 2006 | 71.88 million USD | +3.2% |
| 2007 | 91.09 million USD | +26.7% |
| 2008 | 103.86 million USD | +14.0% |
| 2009 | 103.04 million USD | -0.8% |
| 2010 | 161.16 million USD | +56.4% |
| 2011 | 159.79 million USD | -0.9% |
| 2012 | 189.69 million USD | +18.7% |
| 2013 | 200.59 million USD | +5.7% |
| 2014 | 185.96 million USD | -7.3% |
| 2015 | 208.91 million USD | +12.3% |
| 2016 | 219.3 million USD | +5.0% |
| 2017 | 266.53 million USD | +21.5% |
| 2018 | 279.7 million USD | +4.9% |
| 2019 | 330.85 million USD | +18.3% |
| 2020 | 288.94 million USD | -12.7% |
| 2021 | 273.33 million USD | -5.4% |
| 2022 | 365.1 million USD | +33.6% |
| 2023 | 380.71 million USD | +4.3% |
| 2024 | 404.97 million USD | +6.4% |
Solomon Islands compared with similar countries
- Solomon Islands's 404.97 million USD is below the median for lower middle income countries, which is 5,205 million USD, 8% of the median. (44 countries reporting)
- Solomon Islands's 404.97 million USD is below the median for East Asia & Pacific, which is 3,348 million USD, 12% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.78 million USD | 4.7 million USD | 26.43 million USD | 10 |
| 1980s | 35.94 million USD | 26.94 million USD | 52.82 million USD | 10 |
| 1990s | 61.65 million USD | 36.14 million USD | 82.6 million USD | 10 |
| 2000s | 73.9 million USD | 37.74 million USD | 103.86 million USD | 10 |
| 2010s | 220.25 million USD | 159.79 million USD | 330.85 million USD | 10 |
| 2020s | 342.61 million USD | 273.33 million USD | 404.97 million USD | 5 |
Countries ranked near Solomon Islands
- 204 Burundi 460.46 million USD compare
- 205 Saint Vincent and the Grenadines 439 million USD compare
- 206 Micronesia 429.08 million USD compare
- 208 Vanuatu 388.44 million USD compare
- 209 Yemen Ar Rp 384.06 million USD compare
- 210 British Virgin Islands 374.56 million USD 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$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Solomon Islands?
- Gross fixed capital formation — value us$ in Solomon Islands was 404.97 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Solomon Islands?
- The highest recorded value was 404.97 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Solomon Islands?
- The lowest recorded value was 4.7 million USD in 1970.
- How does Solomon Islands rank for gross fixed capital formation — value us$?
- Solomon Islands ranks 207th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Solomon Islands?
- Over the last ten years it is up 117.8%. 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).