Households and NPISHs Final consumption expenditure in Solomon Islands
Solomon Islands: Households and NPISHs Final consumption expenditure was 8.2% in 2024. ◆ Volatile
Households and NPISHs Final consumption expenditure in Solomon Islands, 2004–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2024, households and npishs final consumption expenditure in Solomon Islands stood at 8.2%.
That represents a change of down 29.6% on the previous year and up 156.2% over ten years.
Over the whole period, households and npishs final consumption expenditure in Solomon Islands peaked at 11.6% in 2023 and was at its lowest, -14.1%, in 2020.
Solomon Islands ranks 18th of 177 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Households and NPISHs Final consumption expenditure in Solomon Islands, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2004 | 5.7% | — |
| 2005 | 9.0% | +55.8% |
| 2006 | 4.1% | -54.4% |
| 2007 | 7.7% | +88.1% |
| 2008 | 4.1% | -46.7% |
| 2009 | -1.4% | -133.2% |
| 2010 | 8.4% | -719.2% |
| 2011 | 4.1% | -51.6% |
| 2012 | 3.0% | -25.6% |
| 2013 | 2.9% | -2.9% |
| 2014 | 3.2% | +8.3% |
| 2015 | 2.4% | -24.2% |
| 2016 | 3.4% | +40.9% |
| 2017 | 0.1% | -97.4% |
| 2018 | 7.4% | +8347.3% |
| 2019 | 2.2% | -69.8% |
| 2020 | -14.1% | -726.2% |
| 2021 | 11.6% | -182.4% |
| 2022 | 8.2% | -29.2% |
| 2023 | 11.6% | +41.8% |
| 2024 | 8.2% | -29.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9% | -1.4% | 9.0% | 6 |
| 2010s | 3.7% | 0.1% | 8.4% | 10 |
| 2020s | 5.1% | -14.1% | 11.6% | 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)
- Exports of goods and services (current LCU), annual growth rate 18.78 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.43 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 6,632 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 7.83 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4042 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 781.45 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate -4.68 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.1946 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is households and npishs final consumption expenditure in Solomon Islands?
- Households and npishs final consumption expenditure in Solomon Islands was 8.2% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest households and npishs final consumption expenditure recorded in Solomon Islands?
- The highest recorded value was 11.6% in 2023.
- What is the lowest households and npishs final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was -14.1% in 2020.
- How does Solomon Islands rank for households and npishs final consumption expenditure?
- Solomon Islands ranks 18th out of 177 countries with data for 2024.
- Is households and npishs final consumption expenditure rising or falling in Solomon Islands?
- Over the last ten years it is up 156.2%. 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 Households and NPISHs Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.