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
Latest (2024)
1.55 billion current US$
Change on year
up 5.3%
World rank
190th
of 207 countries
All-time high
1.58 billion current US$
in 2019
All-time low
39.05 million current US$
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 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$, in 1972.
That places Solomon Islands 190th out of 207 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Solomon Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1971 | 48.46 million current US$ | — |
| 1972 | 39.05 million current US$ | -19.4% |
| 1973 | 53.15 million current US$ | +36.1% |
| 1974 | 80.81 million current US$ | +52.1% |
| 1975 | 71.87 million current US$ | -11.1% |
| 1976 | 80.05 million current US$ | +11.4% |
| 1977 | 89.38 million current US$ | +11.7% |
| 1978 | 106.56 million current US$ | +19.2% |
| 1979 | 143.66 million current US$ | +34.8% |
| 1980 | 160.51 million current US$ | +11.7% |
| 1981 | 176.98 million current US$ | +10.3% |
| 1982 | 176.81 million current US$ | -0.1% |
| 1983 | 170.39 million current US$ | -3.6% |
| 1984 | 241.18 million current US$ | +41.5% |
| 1985 | 220.97 million current US$ | -8.4% |
| 1986 | 199.43 million current US$ | -9.7% |
| 1987 | 227.03 million current US$ | +13.8% |
| 1988 | 294.12 million current US$ | +29.6% |
| 1989 | 315.88 million current US$ | +7.4% |
| 1990 | 285.87 million current US$ | -9.5% |
| 1991 | 302.90 million current US$ | +6.0% |
| 1992 | 354.87 million current US$ | +17.2% |
| 1993 | 377.48 million current US$ | +6.4% |
| 1994 | 437.27 million current US$ | +15.8% |
| 1995 | 491.74 million current US$ | +12.5% |
| 1996 | 537.07 million current US$ | +9.2% |
| 1997 | 539.26 million current US$ | +0.4% |
| 1998 | 447.75 million current US$ | -17.0% |
| 1999 | 456.39 million current US$ | +1.9% |
| 2000 | 416.55 million current US$ | -8.7% |
| 2001 | 407.58 million current US$ | -2.2% |
| 2002 | 335.68 million current US$ | -17.6% |
| 2003 | 343.03 million current US$ | +2.2% |
| 2004 | 386.55 million current US$ | +12.7% |
| 2005 | 465.61 million current US$ | +20.5% |
| 2006 | 526.64 million current US$ | +13.1% |
| 2007 | 605.00 million current US$ | +14.9% |
| 2008 | 681.79 million current US$ | +12.7% |
| 2009 | 717.66 million current US$ | +5.3% |
| 2010 | 827.32 million current US$ | +15.3% |
| 2011 | 1.02 billion current US$ | +23.3% |
| 2012 | 1.16 billion current US$ | +13.2% |
| 2013 | 1.25 billion current US$ | +8.6% |
| 2014 | 1.31 billion current US$ | +4.1% |
| 2015 | 1.28 billion current US$ | -2.0% |
| 2016 | 1.35 billion current US$ | +5.5% |
| 2017 | 1.44 billion current US$ | +6.7% |
| 2018 | 1.58 billion current US$ | +9.6% |
| 2019 | 1.58 billion current US$ | +0.4% |
| 2020 | 1.50 billion current US$ | -4.9% |
| 2021 | 1.53 billion current US$ | +1.5% |
| 2022 | 1.44 billion current US$ | -5.9% |
| 2023 | 1.47 billion current US$ | +2.6% |
| 2024 | 1.55 billion current US$ | +5.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 1.55 billion current US$ is below the median for lower middle income countries, which is 27.86 billion current US$, 6% of the median. (47 countries reporting)
- Solomon Islands's 1.55 billion current US$ is below the median for East Asia & Pacific, which is 22.97 billion current US$, 7% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 79.22 million current US$ | 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
- 187 San Marino 1.88 billion current US$ compare
- 188 Eritrea 1.80 billion current US$ compare
- 189 Comoros 1.72 billion current US$ compare
- 191 Turks and Caicos Islands 1.44 billion current US$ compare
- 192 Sint Maarten (Dutch part) 1.27 billion current US$ compare
- 193 Grenada 1.17 billion current US$ 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)
- 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$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Solomon Islands?
- Gross value added at basic prices (gva) in Solomon Islands was 1.55 billion current US$ 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 190th 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 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.