Households and NPISHs Final consumption expenditure, PPP in Solomon Islands
Solomon Islands: Households and NPISHs Final consumption expenditure, PPP was 1.44 billion current 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 current international $.
Analysis
In 2024, households and npishs final consumption expenditure, ppp in Solomon Islands stood at 1.44 billion current international $. That is the highest value across all 22 years on record.
That represents a change of up 11.4% on the previous year and up 82.5% over ten years.
Over the whole period, households and npishs final consumption expenditure, ppp in Solomon Islands peaked at 1.44 billion current international $ in 2024 and was at its lowest, 450.35 million current international $, in 2003.
Solomon Islands ranks 173rd 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, PPP in Solomon Islands, year by year
| Year | current international $ | Change |
|---|---|---|
| 2003 | 450.35 million current international $ | — |
| 2004 | 492.36 million current international $ | +9.3% |
| 2005 | 524.34 million current international $ | +6.5% |
| 2006 | 549.03 million current international $ | +4.7% |
| 2007 | 579.28 million current international $ | +5.5% |
| 2008 | 607.21 million current international $ | +4.8% |
| 2009 | 601.71 million current international $ | -0.9% |
| 2010 | 681.39 million current international $ | +13.2% |
| 2011 | 707.00 million current international $ | +3.8% |
| 2012 | 739.80 million current international $ | +4.6% |
| 2013 | 755.36 million current international $ | +2.1% |
| 2014 | 791.04 million current international $ | +4.7% |
| 2015 | 831.53 million current international $ | +5.1% |
| 2016 | 877.89 million current international $ | +5.6% |
| 2017 | 908.09 million current international $ | +3.4% |
| 2018 | 977.71 million current international $ | +7.7% |
| 2019 | 1.02 billion current international $ | +3.9% |
| 2020 | 1.00 billion current international $ | -1.2% |
| 2021 | 1.07 billion current international $ | +6.4% |
| 2022 | 1.15 billion current international $ | +7.6% |
| 2023 | 1.30 billion current international $ | +12.8% |
| 2024 | 1.44 billion current international $ | +11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 543.47 million current international $ | 450.35 million current international $ | 607.21 million current international $ | 7 |
| 2010s | 828.59 million current international $ | 681.39 million current international $ | 1.02 billion current international $ | 10 |
| 2020s | 1.19 billion current international $ | 1.00 billion current international $ | 1.44 billion current international $ | 5 |
Countries ranked near Solomon Islands
- 170 Bermuda 2.38 billion current international $ compare
- 171 Aruba 2.11 billion current international $ compare
- 172 Sao Tome and Principe 1.46 billion current international $ compare
- 174 Samoa 1.39 billion current international $ compare
- 175 San Marino 954.87 million current international $ compare
- 176 Vanuatu 932.15 million current 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1009 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 195.12 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.8532 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 1,650 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0877 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 169.59 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 1,018 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 14.43 % change on previous year (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 1.44 billion current 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 1.44 billion current international $ in 2024.
- What is the lowest households and npishs final consumption expenditure, ppp recorded in Solomon Islands?
- The lowest recorded value was 450.35 million current international $ in 2003.
- How does Solomon Islands rank for households and npishs final consumption expenditure, ppp?
- Solomon Islands ranks 173rd out of 182 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 82.5%. 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 (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 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. 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.