Gross value added at basic prices (GVA) in Solomon Islands
Solomon Islands: Gross value added at basic prices (GVA) was 10.41 billion constant LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Solomon Islands recorded 10.41 billion constant LCU for gross value added at basic prices (gva) in 2024.
That represents a change of 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 10.46 billion constant LCU in 2019 and was at its lowest, 5.36 billion constant LCU, in 2003.
That places Solomon Islands 166th out of 197 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 | 6.33 billion constant LCU | 5.36 billion constant LCU | 7.20 billion constant LCU | 7 |
| 2010s | 9.23 billion constant LCU | 7.83 billion constant LCU | 10.46 billion constant LCU | 10 |
| 2020s | 10.10 billion constant LCU | 9.82 billion constant LCU | 10.41 billion constant LCU | 5 |
Countries ranked near Solomon Islands
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 10.41 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Solomon Islands?
- The highest recorded value was 10.46 billion constant LCU in 2019.
- What is the lowest gross value added at basic prices (gva) recorded in Solomon Islands?
- The lowest recorded value was 5.36 billion constant LCU in 2003.
- How does Solomon Islands rank for gross value added at basic prices (gva)?
- Solomon Islands ranks 166th out of 197 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). 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 varies by country. This series is expressed in local currency units.