Households and NPISHs Final consumption expenditure per capita, PPP in Solomon Islands
Solomon Islands: Households and NPISHs Final consumption expenditure per capita, PPP was 1,703 constant 2021 international $ in 2024. ▲ Rising
Households and NPISHs Final consumption expenditure per capita, PPP in Solomon Islands, 2003–2024
Source: International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024. Measured in constant 2021 international $.
Analysis
Solomon Islands recorded 1,703 constant 2021 international $ for households and npishs final consumption expenditure per capita, ppp in 2024. That is the highest value across all 22 years on record.
Compared with earlier readings it is up 5.7% on the previous year and up 9.9% over ten years.
Over the whole period, households and npishs final consumption expenditure per capita, ppp in Solomon Islands peaked at 1,703 constant 2021 international $ in 2024 and was at its lowest, 1,252 constant 2021 international $, in 2003.
That places Solomon Islands 161st out of 170 countries with data for 2024, putting it 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 per capita, PPP in Solomon Islands, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 2003 | 1,252 constant 2021 international $ | — |
| 2004 | 1,301 constant 2021 international $ | +3.9% |
| 2005 | 1,392 constant 2021 international $ | +7.0% |
| 2006 | 1,424 constant 2021 international $ | +2.3% |
| 2007 | 1,507 constant 2021 international $ | +5.8% |
| 2008 | 1,542 constant 2021 international $ | +2.3% |
| 2009 | 1,494 constant 2021 international $ | -3.1% |
| 2010 | 1,575 constant 2021 international $ | +5.4% |
| 2011 | 1,580 constant 2021 international $ | +0.3% |
| 2012 | 1,569 constant 2021 international $ | -0.7% |
| 2013 | 1,557 constant 2021 international $ | -0.7% |
| 2014 | 1,550 constant 2021 international $ | -0.5% |
| 2015 | 1,532 constant 2021 international $ | -1.2% |
| 2016 | 1,529 constant 2021 international $ | -0.2% |
| 2017 | 1,478 constant 2021 international $ | -3.3% |
| 2018 | 1,535 constant 2021 international $ | +3.9% |
| 2019 | 1,529 constant 2021 international $ | -0.4% |
| 2020 | 1,285 constant 2021 international $ | -15.9% |
| 2021 | 1,400 constant 2021 international $ | +8.9% |
| 2022 | 1,479 constant 2021 international $ | +5.6% |
| 2023 | 1,612 constant 2021 international $ | +9.0% |
| 2024 | 1,703 constant 2021 international $ | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,416 constant 2021 international $ | 1,252 constant 2021 international $ | 1,542 constant 2021 international $ | 7 |
| 2010s | 1,543 constant 2021 international $ | 1,478 constant 2021 international $ | 1,580 constant 2021 international $ | 10 |
| 2020s | 1,496 constant 2021 international $ | 1,285 constant 2021 international $ | 1,703 constant 2021 international $ | 5 |
Countries ranked near Solomon Islands
- 158 Somalia 1,824 constant 2021 international $ compare
- 159 Guinea-Bissau 1,810 constant 2021 international $ compare
- 160 Burkina Faso 1,731 constant 2021 international $ compare
- 162 Chad 1,442 constant 2021 international $ compare
- 163 Malawi 1,389 constant 2021 international $ compare
- 164 Sudan 1,358 constant 2021 international $ 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 14.2 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.7383 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 1,428 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -11.05 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth -12.1 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 3.38 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 2.51 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 4,860 current LCU per person (2024)
Frequently asked questions
- What is households and npishs final consumption expenditure per capita, ppp in Solomon Islands?
- Households and npishs final consumption expenditure per capita, ppp in Solomon Islands was 1,703 constant 2021 international $ in 2024, according to International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024.
- What is the highest households and npishs final consumption expenditure per capita, ppp recorded in Solomon Islands?
- The highest recorded value was 1,703 constant 2021 international $ in 2024.
- What is the lowest households and npishs final consumption expenditure per capita, ppp recorded in Solomon Islands?
- The lowest recorded value was 1,252 constant 2021 international $ in 2003.
- How does Solomon Islands rank for households and npishs final consumption expenditure per capita, ppp?
- Solomon Islands ranks 161st out of 170 countries with data for 2024.
- Is households and npishs final consumption expenditure per capita, ppp rising or falling in Solomon Islands?
- Over the last ten years it is up 9.9%. The long-run trend across the full record is rising.
- Where does this Solomon Islands data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024, published as part of Households and NPISHs Final consumption expenditure per capita, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for final consumption expenditure per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure 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. The core indicator has been divided by the general population to achieve a per capita estimate. 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 is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.