Gross value added at basic prices (GVA) in Solomon Islands
Solomon Islands: Gross value added at basic prices (GVA) was 1.55 billion current US$ in 2024. ◆ Volatile
Gross value added at basic prices (GVA) in Solomon Islands, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Solomon Islands recorded 1.55 billion current US$ for gross value added at basic prices (gva) in 2024.
Compared with earlier readings it is up 5.3% on the previous year and up 18.9% over ten years.
Over the whole period, gross value added at basic prices (gva) in Solomon Islands peaked at 1.58 billion current US$ in 2019 and was at its lowest, 39.05 million current US$, in 1972.
That places Solomon Islands 187th out of 204 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 79.22 million current US$ | 39.05 million current US$ | 143.66 million current US$ | 9 |
| 1980s | 218.33 million current US$ | 160.51 million current US$ | 315.88 million current US$ | 10 |
| 1990s | 423.06 million current US$ | 285.87 million current US$ | 539.26 million current US$ | 10 |
| 2000s | 488.61 million current US$ | 335.68 million current US$ | 717.66 million current US$ | 10 |
| 2010s | 1.28 billion current US$ | 827.32 million current US$ | 1.58 billion current US$ | 10 |
| 2020s | 1.50 billion current US$ | 1.44 billion current US$ | 1.55 billion current US$ | 5 |
Countries ranked near Solomon Islands
- 184 San Marino 1.88 billion current US$ compare
- 185 Eritrea 1.80 billion current US$ compare
- 186 Comoros 1.72 billion current US$ compare
- 188 Turks and Caicos Islands 1.44 billion current US$ compare
- 189 Sint Maarten (Dutch part) 1.27 billion current US$ compare
- 190 Grenada 1.17 billion current US$ compare
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 1.55 billion current US$ 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 1.58 billion current US$ in 2019.
- What is the lowest gross value added at basic prices (gva) recorded in Solomon Islands?
- The lowest recorded value was 39.05 million current US$ in 1972.
- How does Solomon Islands rank for gross value added at basic prices (gva)?
- Solomon Islands ranks 187th out of 204 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 18.9%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.