Households and NPISHs Final consumption expenditure in Solomon Islands
Solomon Islands: Households and NPISHs Final consumption expenditure was 8.48 billion constant LCU in 2024. ▲ Rising
Households and NPISHs Final consumption expenditure in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for households and npishs final consumption expenditure in Solomon Islands is 8.48 billion constant LCU, measured in 2024. That is the highest value across all 22 years on record.
That represents a change of up 8.2% on the previous year and up 45.9% over ten years.
Over the whole period, households and npishs final consumption expenditure in Solomon Islands peaked at 8.48 billion constant LCU in 2024 and was at its lowest, 3.55 billion constant LCU, in 2003.
Solomon Islands ranks 156th of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Households and NPISHs Final consumption expenditure in Solomon Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 3.55 billion constant LCU | — |
| 2004 | 3.75 billion constant LCU | +5.7% |
| 2005 | 4.09 billion constant LCU | +9.0% |
| 2006 | 4.26 billion constant LCU | +4.1% |
| 2007 | 4.58 billion constant LCU | +7.7% |
| 2008 | 4.77 billion constant LCU | +4.1% |
| 2009 | 4.71 billion constant LCU | -1.4% |
| 2010 | 5.10 billion constant LCU | +8.4% |
| 2011 | 5.31 billion constant LCU | +4.1% |
| 2012 | 5.47 billion constant LCU | +3.0% |
| 2013 | 5.64 billion constant LCU | +2.9% |
| 2014 | 5.82 billion constant LCU | +3.2% |
| 2015 | 5.96 billion constant LCU | +2.4% |
| 2016 | 6.16 billion constant LCU | +3.4% |
| 2017 | 6.17 billion constant LCU | +0.1% |
| 2018 | 6.62 billion constant LCU | +7.4% |
| 2019 | 6.77 billion constant LCU | +2.2% |
| 2020 | 5.82 billion constant LCU | -14.1% |
| 2021 | 6.49 billion constant LCU | +11.6% |
| 2022 | 7.03 billion constant LCU | +8.2% |
| 2023 | 7.84 billion constant LCU | +11.6% |
| 2024 | 8.48 billion constant LCU | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.25 billion constant LCU | 3.55 billion constant LCU | 4.77 billion constant LCU | 7 |
| 2010s | 5.90 billion constant LCU | 5.10 billion constant LCU | 6.77 billion constant LCU | 10 |
| 2020s | 7.13 billion constant LCU | 5.82 billion constant LCU | 8.48 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)
- Industry (including construction), value added (constant 2015 US$) 8.33 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1909 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 369.02 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 8.33 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 1.16 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 2,233 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 2.88 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4692 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 8.48 billion constant LCU 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 8.48 billion constant LCU in 2024.
- What is the lowest households and npishs final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was 3.55 billion constant LCU in 2003.
- How does Solomon Islands rank for households and npishs final consumption expenditure?
- Solomon Islands ranks 156th out of 178 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 45.9%. 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 Organizations and/or Central Banks, published as part of Households and NPISHs Final consumption expenditure (constant LCU). 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 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.