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 198 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) in Solomon Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 5.36 billion constant LCU | — |
| 2004 | 5.71 billion constant LCU | +6.7% |
| 2005 | 6.05 billion constant LCU | +5.8% |
| 2006 | 6.35 billion constant LCU | +5.1% |
| 2007 | 6.63 billion constant LCU | +4.3% |
| 2008 | 7.01 billion constant LCU | +5.8% |
| 2009 | 7.20 billion constant LCU | +2.6% |
| 2010 | 7.83 billion constant LCU | +8.8% |
| 2011 | 8.35 billion constant LCU | +6.7% |
| 2012 | 8.50 billion constant LCU | +1.7% |
| 2013 | 8.94 billion constant LCU | +5.2% |
| 2014 | 9.05 billion constant LCU | +1.2% |
| 2015 | 9.20 billion constant LCU | +1.7% |
| 2016 | 9.71 billion constant LCU | +5.6% |
| 2017 | 10.01 billion constant LCU | +3.1% |
| 2018 | 10.28 billion constant LCU | +2.7% |
| 2019 | 10.46 billion constant LCU | +1.8% |
| 2020 | 10.11 billion constant LCU | -3.4% |
| 2021 | 10.08 billion constant LCU | -0.2% |
| 2022 | 9.82 billion constant LCU | -2.6% |
| 2023 | 10.10 billion constant LCU | +2.8% |
| 2024 | 10.41 billion constant LCU | +3.0% |
Solomon Islands compared with similar countries
- Solomon Islands's 10.41 billion constant LCU is below the median for lower middle income countries, which is 664.36 billion constant LCU, 2% of the median. (47 countries reporting)
- Solomon Islands's 10.41 billion constant LCU is below the median for East Asia & Pacific, which is 473.15 billion constant LCU, 2% of the median. (28 countries reporting)
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
- 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 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 198 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.