Households and NPISHs Final consumption expenditure, PPP in Solomon Islands
Solomon Islands: Households and NPISHs Final consumption expenditure, PPP was 1.39 billion constant 2021 international $ in 2024. ▲ Rising
Households and NPISHs Final consumption expenditure, PPP in Solomon Islands, 2003–2024
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
The most recent figure for households and npishs final consumption expenditure, ppp in Solomon Islands is 1.39 billion constant 2021 international $, measured in 2024. That is the highest value across all 22 years on record.
The figure is up 8.2% on the previous year and up 45.9% over ten years.
Over the whole period, households and npishs final consumption expenditure, ppp in Solomon Islands peaked at 1.39 billion constant 2021 international $ in 2024 and was at its lowest, 583.69 million constant 2021 international $, in 2003.
That places Solomon Islands 159th 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, PPP in Solomon Islands, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 2003 | 583.69 million constant 2021 international $ | — |
| 2004 | 617.24 million constant 2021 international $ | +5.7% |
| 2005 | 672.51 million constant 2021 international $ | +9.0% |
| 2006 | 699.98 million constant 2021 international $ | +4.1% |
| 2007 | 753.74 million constant 2021 international $ | +7.7% |
| 2008 | 784.62 million constant 2021 international $ | +4.1% |
| 2009 | 773.93 million constant 2021 international $ | -1.4% |
| 2010 | 839.18 million constant 2021 international $ | +8.4% |
| 2011 | 873.44 million constant 2021 international $ | +4.1% |
| 2012 | 899.96 million constant 2021 international $ | +3.0% |
| 2013 | 926.50 million constant 2021 international $ | +2.9% |
| 2014 | 956.11 million constant 2021 international $ | +3.2% |
| 2015 | 979.27 million constant 2021 international $ | +2.4% |
| 2016 | 1.01 billion constant 2021 international $ | +3.4% |
| 2017 | 1.01 billion constant 2021 international $ | +0.1% |
| 2018 | 1.09 billion constant 2021 international $ | +7.4% |
| 2019 | 1.11 billion constant 2021 international $ | +2.2% |
| 2020 | 956.77 million constant 2021 international $ | -14.1% |
| 2021 | 1.07 billion constant 2021 international $ | +11.6% |
| 2022 | 1.16 billion constant 2021 international $ | +8.2% |
| 2023 | 1.29 billion constant 2021 international $ | +11.6% |
| 2024 | 1.39 billion constant 2021 international $ | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 697.96 million constant 2021 international $ | 583.69 million constant 2021 international $ | 784.62 million constant 2021 international $ | 7 |
| 2010s | 970.28 million constant 2021 international $ | 839.18 million constant 2021 international $ | 1.11 billion constant 2021 international $ | 10 |
| 2020s | 1.17 billion constant 2021 international $ | 956.77 million constant 2021 international $ | 1.39 billion constant 2021 international $ | 5 |
Countries ranked near Solomon Islands
- 156 Comoros 2.68 billion constant 2021 international $ compare
- 157 Bermuda 2.63 billion constant 2021 international $ compare
- 158 Seychelles 2.28 billion constant 2021 international $ compare
- 160 Sao Tome and Principe 1.36 billion constant 2021 international $ compare
- 161 Greenland 1.30 billion constant 2021 international $ compare
- 162 Samoa 1.08 billion 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)
- 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, ppp in Solomon Islands?
- Households and npishs final consumption expenditure, ppp in Solomon Islands was 1.39 billion constant 2021 international $ in 2024, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest households and npishs final consumption expenditure, ppp recorded in Solomon Islands?
- The highest recorded value was 1.39 billion constant 2021 international $ in 2024.
- What is the lowest households and npishs final consumption expenditure, ppp recorded in Solomon Islands?
- The lowest recorded value was 583.69 million constant 2021 international $ in 2003.
- How does Solomon Islands rank for households and npishs final consumption expenditure, ppp?
- Solomon Islands ranks 159th out of 170 countries with data for 2024.
- Is households and npishs final consumption expenditure, ppp 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 International Comparison Program (ICP), World Bank (WB), published as part of Households and NPISHs Final consumption expenditure, 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 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. 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.