Gross value added at basic prices (GVA) (constant 2015 US$) in Solomon Islands
Solomon Islands: Gross value added at basic prices (GVA) (constant 2015 US$) 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$, in 2003.
That places Solomon Islands 180th out of 194 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$) in Solomon Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2003 | 744.82 million constant 2015 US$ | — |
| 2004 | 794.49 million constant 2015 US$ | +6.7% |
| 2005 | 840.81 million constant 2015 US$ | +5.8% |
| 2006 | 883.66 million constant 2015 US$ | +5.1% |
| 2007 | 921.49 million constant 2015 US$ | +4.3% |
| 2008 | 975.10 million constant 2015 US$ | +5.8% |
| 2009 | 1.00 billion constant 2015 US$ | +2.6% |
| 2010 | 1.09 billion constant 2015 US$ | +8.8% |
| 2011 | 1.16 billion constant 2015 US$ | +6.7% |
| 2012 | 1.18 billion constant 2015 US$ | +1.7% |
| 2013 | 1.24 billion constant 2015 US$ | +5.2% |
| 2014 | 1.26 billion constant 2015 US$ | +1.2% |
| 2015 | 1.28 billion constant 2015 US$ | +1.7% |
| 2016 | 1.35 billion constant 2015 US$ | +5.6% |
| 2017 | 1.39 billion constant 2015 US$ | +3.1% |
| 2018 | 1.43 billion constant 2015 US$ | +2.7% |
| 2019 | 1.45 billion constant 2015 US$ | +1.8% |
| 2020 | 1.41 billion constant 2015 US$ | -3.4% |
| 2021 | 1.40 billion constant 2015 US$ | -0.2% |
| 2022 | 1.37 billion constant 2015 US$ | -2.6% |
| 2023 | 1.41 billion constant 2015 US$ | +2.8% |
| 2024 | 1.45 billion constant 2015 US$ | +3.0% |
Solomon Islands compared with similar countries
- Solomon Islands's 1.45 billion constant 2015 US$ is below the median for lower middle income countries, which is 25.04 billion constant 2015 US$, 6% of the median. (46 countries reporting)
- Solomon Islands's 1.45 billion constant 2015 US$ is below the median for East Asia & Pacific, which is 31.94 billion constant 2015 US$, 5% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 880.17 million constant 2015 US$ | 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
- 177 Antigua and Barbuda 1.63 billion constant 2015 US$ compare
- 178 East Timor 1.62 billion constant 2015 US$ compare
- 179 San Marino 1.61 billion constant 2015 US$ compare
- 181 Comoros 1.20 billion constant 2015 US$ compare
- 182 Sint Maarten (Dutch part) 1.16 billion constant 2015 US$ compare
- 183 Grenada 1.02 billion constant 2015 US$ 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)
- SDRs holdings, US dollar, annual growth rate -99.65 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 7.33 units per person (2025)
- SDRs holdings, SDR, annual growth rate -99.64 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5.36 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -12.23 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0138 units per US$ of GDP (2025)
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 180th out of 194 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.