Households and NPISHs final consumption expenditure in Solomon Islands
Solomon Islands: Households and NPISHs final consumption expenditure was 81.9% 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 % of GDP.
Analysis
Solomon Islands recorded 81.9% for households and npishs final consumption expenditure in 2024. That is the highest value across all 22 years on record.
The figure is up 6.3% on the previous year and up 28.2% over ten years.
Over the whole period, households and npishs final consumption expenditure in Solomon Islands peaked at 81.9% in 2024 and was at its lowest, 59.3%, in 2018.
Solomon Islands ranks 32nd of 190 countries on this measure, in the top 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 | % of GDP | Change |
|---|---|---|
| 2003 | 66.8% | — |
| 2004 | 68.1% | +2.0% |
| 2005 | 63.4% | -7.0% |
| 2006 | 63.4% | -0.0% |
| 2007 | 61.8% | -2.5% |
| 2008 | 64.7% | +4.8% |
| 2009 | 63.9% | -1.3% |
| 2010 | 64.5% | +0.9% |
| 2011 | 62.0% | -3.8% |
| 2012 | 62.8% | +1.3% |
| 2013 | 61.8% | -1.5% |
| 2014 | 63.9% | +3.3% |
| 2015 | 63.4% | -0.7% |
| 2016 | 62.8% | -1.1% |
| 2017 | 60.4% | -3.7% |
| 2018 | 59.3% | -1.9% |
| 2019 | 59.7% | +0.7% |
| 2020 | 62.9% | +5.3% |
| 2021 | 64.4% | +2.3% |
| 2022 | 70.8% | +10.0% |
| 2023 | 77.0% | +8.8% |
| 2024 | 81.9% | +6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 64.6% | 61.8% | 68.1% | 7 |
| 2010s | 62.1% | 59.3% | 64.5% | 10 |
| 2020s | 71.4% | 62.9% | 81.9% | 5 |
Countries ranked near Solomon Islands
- 29 Kosovo 82.3% compare
- 29 Kosovo (UNSCR 1244) 82.3% compare
- 31 Honduras 82.1% compare
- 33 Sudan 81.5% compare
- 34 El Salvador 81.3% compare
- 35 Montenegro 81.3% 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 households and npishs final consumption expenditure in Solomon Islands?
- Households and npishs final consumption expenditure in Solomon Islands was 81.9% 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 81.9% in 2024.
- What is the lowest households and npishs final consumption expenditure recorded in Solomon Islands?
- The lowest recorded value was 59.3% in 2018.
- How does Solomon Islands rank for households and npishs final consumption expenditure?
- Solomon Islands ranks 32nd out of 190 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 28.2%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.