Households and NPISHs Final consumption expenditure per capita, PPP in Solomon Islands
Solomon Islands: Households and NPISHs Final consumption expenditure per capita, PPP was 1,762 current 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 current international $.
Analysis
Solomon Islands recorded 1,762 current 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 8.8% on the previous year and up 37.4% over ten years.
Over the whole period, households and npishs final consumption expenditure per capita, ppp in Solomon Islands peaked at 1,762 current international $ in 2024 and was at its lowest, 966.09 current international $, in 2003.
Solomon Islands ranks 172nd of 182 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 per capita, PPP in Solomon Islands, year by year
| Year | current international $ | Change |
|---|---|---|
| 2003 | 966.09 current international $ | — |
| 2004 | 1,037 current international $ | +7.4% |
| 2005 | 1,085 current international $ | +4.6% |
| 2006 | 1,117 current international $ | +2.9% |
| 2007 | 1,158 current international $ | +3.7% |
| 2008 | 1,193 current international $ | +3.0% |
| 2009 | 1,161 current international $ | -2.7% |
| 2010 | 1,278 current international $ | +10.1% |
| 2011 | 1,279 current international $ | +0.0% |
| 2012 | 1,290 current international $ | +0.9% |
| 2013 | 1,270 current international $ | -1.6% |
| 2014 | 1,282 current international $ | +1.0% |
| 2015 | 1,300 current international $ | +1.4% |
| 2016 | 1,325 current international $ | +1.9% |
| 2017 | 1,324 current international $ | -0.1% |
| 2018 | 1,379 current international $ | +4.1% |
| 2019 | 1,395 current international $ | +1.2% |
| 2020 | 1,348 current international $ | -3.4% |
| 2021 | 1,400 current international $ | +3.9% |
| 2022 | 1,471 current international $ | +5.1% |
| 2023 | 1,620 current international $ | +10.2% |
| 2024 | 1,762 current international $ | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,103 current international $ | 966.09 current international $ | 1,193 current international $ | 7 |
| 2010s | 1,312 current international $ | 1,270 current international $ | 1,395 current international $ | 10 |
| 2020s | 1,520 current international $ | 1,348 current international $ | 1,762 current international $ | 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)
- Final consumption expenditure (constant 2015 US$), per capita 2,018 constant 2015 US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 6.39 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.28 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 2,467 current US$ per person (2024)
- Gross national expenditure (current LCU), annual growth rate 7.4 % change on previous year (2024)
- Gross national expenditure (current LCU), per unit of GDP 10.79 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), per capita 20,854 current LCU per person (2024)
- Gross national expenditure (constant 2015 US$), annual growth rate 6.71 % change on previous year (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 1,762 current 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 1,762 current 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 966.09 current international $ in 2003.
- How does Solomon Islands rank for households and npishs final consumption expenditure per capita, ppp?
- Solomon Islands ranks 172nd out of 182 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 37.4%. 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 (current 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 current 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. 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.