Gross value added at basic prices (GVA) in Solomon Islands
Solomon Islands: Gross value added at basic prices (GVA) was 13.13 billion current LCU in 2024. ◆ Volatile
Latest (2024)
13.13 billion current LCU
Change on year
up 6.3%
World rank
174th
of 207 countries
All-time high
13.13 billion current LCU
in 2024
All-time low
32.70 million current LCU
in 1972
Years of data
54
1971–2024
Gross value added at basic prices (GVA) in Solomon Islands, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Solomon Islands is 13.13 billion current LCU, measured in 2024. That is the highest value across all 54 years on record.
That represents a change of up 6.3% on the previous year and up 36.3% over ten years.
Over the whole period, gross value added at basic prices (gva) in Solomon Islands peaked at 13.13 billion current LCU in 2024 and was at its lowest, 32.70 million current LCU, in 1972.
Solomon Islands ranks 174th of 207 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 1971 | 42.60 million current LCU | — |
| 1972 | 32.70 million current LCU | -23.2% |
| 1973 | 37.50 million current LCU | +14.7% |
| 1974 | 56.40 million current LCU | +50.4% |
| 1975 | 54.90 million current LCU | -2.7% |
| 1976 | 65.50 million current LCU | +19.3% |
| 1977 | 80.60 million current LCU | +23.1% |
| 1978 | 93.10 million current LCU | +15.5% |
| 1979 | 124.40 million current LCU | +33.6% |
| 1980 | 133.20 million current LCU | +7.1% |
| 1981 | 154.00 million current LCU | +15.6% |
| 1982 | 171.70 million current LCU | +11.5% |
| 1983 | 195.70 million current LCU | +14.0% |
| 1984 | 307.20 million current LCU | +57.0% |
| 1985 | 327.20 million current LCU | +6.5% |
| 1986 | 347.30 million current LCU | +6.1% |
| 1987 | 454.80 million current LCU | +31.0% |
| 1988 | 612.50 million current LCU | +34.7% |
| 1989 | 724.40 million current LCU | +18.3% |
| 1990 | 722.90 million current LCU | -0.2% |
| 1991 | 822.30 million current LCU | +13.8% |
| 1992 | 1.04 billion current LCU | +26.4% |
| 1993 | 1.20 billion current LCU | +15.8% |
| 1994 | 1.44 billion current LCU | +19.6% |
| 1995 | 1.67 billion current LCU | +16.4% |
| 1996 | 1.92 billion current LCU | +14.4% |
| 1997 | 2.00 billion current LCU | +4.6% |
| 1998 | 2.16 billion current LCU | +7.6% |
| 1999 | 2.21 billion current LCU | +2.4% |
| 2000 | 2.12 billion current LCU | -4.0% |
| 2001 | 2.15 billion current LCU | +1.5% |
| 2002 | 2.27 billion current LCU | +5.3% |
| 2003 | 2.57 billion current LCU | +13.7% |
| 2004 | 2.89 billion current LCU | +12.4% |
| 2005 | 3.51 billion current LCU | +21.2% |
| 2006 | 4.01 billion current LCU | +14.3% |
| 2007 | 4.63 billion current LCU | +15.5% |
| 2008 | 5.28 billion current LCU | +14.1% |
| 2009 | 5.78 billion current LCU | +9.4% |
| 2010 | 6.67 billion current LCU | +15.4% |
| 2011 | 7.80 billion current LCU | +16.9% |
| 2012 | 8.50 billion current LCU | +8.9% |
| 2013 | 9.16 billion current LCU | +7.8% |
| 2014 | 9.63 billion current LCU | +5.1% |
| 2015 | 10.12 billion current LCU | +5.1% |
| 2016 | 10.73 billion current LCU | +5.9% |
| 2017 | 11.35 billion current LCU | +5.8% |
| 2018 | 12.54 billion current LCU | +10.5% |
| 2019 | 12.94 billion current LCU | +3.1% |
| 2020 | 12.36 billion current LCU | -4.5% |
| 2021 | 12.27 billion current LCU | -0.7% |
| 2022 | 11.72 billion current LCU | -4.5% |
| 2023 | 12.35 billion current LCU | +5.4% |
| 2024 | 13.13 billion current LCU | +6.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 13.13 billion current LCU is below the median for lower middle income countries, which is 1.54 trillion current LCU, 1% of the median. (47 countries reporting)
- Solomon Islands's 13.13 billion current LCU is below the median for East Asia & Pacific, which is 504.71 billion current LCU, 3% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 65.30 million current LCU | 32.70 million current LCU | 124.40 million current LCU | 9 |
| 1980s | 342.80 million current LCU | 133.20 million current LCU | 724.40 million current LCU | 10 |
| 1990s | 1.52 billion current LCU | 722.90 million current LCU | 2.21 billion current LCU | 10 |
| 2000s | 3.52 billion current LCU | 2.12 billion current LCU | 5.78 billion current LCU | 10 |
| 2010s | 9.94 billion current LCU | 6.67 billion current LCU | 12.94 billion current LCU | 10 |
| 2020s | 12.36 billion current LCU | 11.72 billion current LCU | 13.13 billion current 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 13.13 billion current LCU 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 13.13 billion current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Solomon Islands?
- The lowest recorded value was 32.70 million current LCU in 1972.
- How does Solomon Islands rank for gross value added at basic prices (gva)?
- Solomon Islands ranks 174th out of 207 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 36.3%. The long-run trend across the full record is volatile.
- 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) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.