Gross value added at basic prices (GVA) in Solomon Islands
Solomon Islands: Gross value added at basic prices (GVA) was 1.45 billion constant 2015 US$ in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Solomon Islands recorded 1.45 billion constant 2015 US$ for gross value added at basic prices (gva) in 2024.
Compared with earlier readings it is up 3.0% on the previous year and up 15.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Solomon Islands peaked at 1.45 billion constant 2015 US$ in 2019 and was at its lowest, 744.82 million constant 2015 US$, in 2003.
That places Solomon Islands 178th out of 192 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 880.17 million constant 2015 US$ | 744.82 million constant 2015 US$ | 1.00 billion constant 2015 US$ | 7 |
| 2010s | 1.28 billion constant 2015 US$ | 1.09 billion constant 2015 US$ | 1.45 billion constant 2015 US$ | 10 |
| 2020s | 1.41 billion constant 2015 US$ | 1.37 billion constant 2015 US$ | 1.45 billion constant 2015 US$ | 5 |
Countries ranked near Solomon Islands
- 175 Antigua and Barbuda 1.63 billion constant 2015 US$ compare
- 176 East Timor 1.62 billion constant 2015 US$ compare
- 177 San Marino 1.61 billion constant 2015 US$ compare
- 179 Comoros 1.20 billion constant 2015 US$ compare
- 180 Sint Maarten (Dutch part) 1.16 billion constant 2015 US$ compare
- 181 Grenada 1.02 billion constant 2015 US$ compare
More economy & growth data for Solomon Islands
- External balance on goods and services as a percent of GDP -30.2% (2024)
- Inflation of consumer prices 3.4% (2025)
- GDP per capita 1,828 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.1% (2024)
- Gross domestic product (GDP) 1.53 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,828 constant 2015 US$ (2025)
- DEC alternative conversion factor 8.33 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 145.27 million current US$ (2025)
- Taxes less subsidies on products 266.39 million current LCU (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Solomon Islands?
- Gross value added at basic prices (gva) in Solomon Islands was 1.45 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Solomon Islands?
- The highest recorded value was 1.45 billion constant 2015 US$ in 2019.
- What is the lowest gross value added at basic prices (gva) recorded in Solomon Islands?
- The lowest recorded value was 744.82 million constant 2015 US$ in 2003.
- How does Solomon Islands rank for gross value added at basic prices (gva)?
- Solomon Islands ranks 178th out of 192 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Solomon Islands?
- Over the last ten years it is up 15.0%. 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 value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.