Gross value added at basic prices (GVA) … constant annual growth rate in Solomon Islands
Solomon Islands: Gross value added at basic prices (GVA) … constant annual growth rate was 3 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Solomon Islands, 2004–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), annual growth in Solomon Islands is 3 % change on previous year, measured in 2024.
That represents a change of up 5.5% on the previous year and up 152.7% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Solomon Islands peaked at 8.79 % change on previous year in 2010 and was at its lowest, -3.38 % change on previous year, in 2020.
That places Solomon Islands 106th out of 195 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) … constant annual growth rate in Solomon Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 6.67 % change on previous year | — |
| 2005 | 5.83 % change on previous year | -12.6% |
| 2006 | 5.1 % change on previous year | -12.6% |
| 2007 | 4.28 % change on previous year | -16.0% |
| 2008 | 5.82 % change on previous year | +35.9% |
| 2009 | 2.64 % change on previous year | -54.6% |
| 2010 | 8.79 % change on previous year | +233.0% |
| 2011 | 6.69 % change on previous year | -23.9% |
| 2012 | 1.71 % change on previous year | -74.4% |
| 2013 | 5.23 % change on previous year | +205.3% |
| 2014 | 1.19 % change on previous year | -77.3% |
| 2015 | 1.67 % change on previous year | +40.8% |
| 2016 | 5.55 % change on previous year | +231.9% |
| 2017 | 3.08 % change on previous year | -44.5% |
| 2018 | 2.74 % change on previous year | -10.9% |
| 2019 | 1.75 % change on previous year | -36.1% |
| 2020 | -3.38 % change on previous year | -293.1% |
| 2021 | -0.2315 % change on previous year | -93.2% |
| 2022 | -2.58 % change on previous year | +1016.1% |
| 2023 | 2.84 % change on previous year | -210.0% |
| 2024 | 3 % change on previous year | +5.5% |
Solomon Islands compared with similar countries
- Solomon Islands's 3 % change on previous year is below the median for lower middle income countries, which is 4.37 % change on previous year, 69% of the median. (47 countries reporting)
- Solomon Islands's 3 % change on previous year is below the median for East Asia & Pacific, which is 3.89 % change on previous year, 77% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) … constant annual growth rate in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | -1016.1% | -0.2315 % change on previous year | -2.58 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.06 % change on previous year | 2.64 % change on previous year | 6.67 % change on previous year | 6 |
| 2010s | 3.84 % change on previous year | 1.19 % change on previous year | 8.79 % change on previous year | 10 |
| 2020s | -0.0709 % change on previous year | -3.38 % change on previous year | 3 % change on previous year | 5 |
Countries ranked near Solomon Islands
- 103 Sudan 3.06 % change on previous year compare
- 104 Pakistan 3.06 % change on previous year compare
- 105 Poland 3.03 % change on previous year compare
- 107 Madagascar 2.99 % change on previous year compare
- 108 Jordan 2.98 % change on previous year compare
- 109 Cameroon 2.96 % change on previous year 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) (constant lcu), annual growth in Solomon Islands?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Solomon Islands was 3 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Solomon Islands?
- The highest recorded value was 8.79 % change on previous year in 2010.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Solomon Islands?
- The lowest recorded value was -3.38 % change on previous year in 2020.
- How does Solomon Islands rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Solomon Islands ranks 106th out of 195 countries with data for 2024.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Solomon Islands?
- Over the last ten years it is up 152.7%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.