Industry (including construction), value added in Solomon Islands
Solomon Islands: Industry (including construction), value added was 302.30 million constant 2015 US$ in 2024. ▲ Rising
Industry (including construction), value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for industry (including construction), value added in Solomon Islands is 302.30 million constant 2015 US$, measured in 2024. That is the highest value across all 22 years on record.
That represents a change of up 8.3% on the previous year and up 42.6% over ten years.
Over the whole period, industry (including construction), value added in Solomon Islands peaked at 302.30 million constant 2015 US$ in 2024 and was at its lowest, 137.65 million constant 2015 US$, in 2005.
Solomon Islands ranks 176th of 196 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Industry (including construction), value added in Solomon Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2003 | 148.67 million constant 2015 US$ | — |
| 2004 | 142.63 million constant 2015 US$ | -4.1% |
| 2005 | 137.65 million constant 2015 US$ | -3.5% |
| 2006 | 153.08 million constant 2015 US$ | +11.2% |
| 2007 | 166.81 million constant 2015 US$ | +9.0% |
| 2008 | 185.35 million constant 2015 US$ | +11.1% |
| 2009 | 184.85 million constant 2015 US$ | -0.3% |
| 2010 | 209.28 million constant 2015 US$ | +13.2% |
| 2011 | 265.27 million constant 2015 US$ | +26.8% |
| 2012 | 262.81 million constant 2015 US$ | -0.9% |
| 2013 | 243.99 million constant 2015 US$ | -7.2% |
| 2014 | 211.96 million constant 2015 US$ | -13.1% |
| 2015 | 203.41 million constant 2015 US$ | -4.0% |
| 2016 | 213.56 million constant 2015 US$ | +5.0% |
| 2017 | 233.76 million constant 2015 US$ | +9.5% |
| 2018 | 236.83 million constant 2015 US$ | +1.3% |
| 2019 | 245.11 million constant 2015 US$ | +3.5% |
| 2020 | 235.70 million constant 2015 US$ | -3.8% |
| 2021 | 242.91 million constant 2015 US$ | +3.1% |
| 2022 | 247.99 million constant 2015 US$ | +2.1% |
| 2023 | 279.06 million constant 2015 US$ | +12.5% |
| 2024 | 302.30 million constant 2015 US$ | +8.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 302.30 million constant 2015 US$ is below the median for lower middle income countries, which is 6.98 billion constant 2015 US$, 4% of the median. (46 countries reporting)
- Solomon Islands's 302.30 million constant 2015 US$ is below the median for East Asia & Pacific, which is 8.43 billion constant 2015 US$, 4% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 159.86 million constant 2015 US$ | 137.65 million constant 2015 US$ | 185.35 million constant 2015 US$ | 7 |
| 2010s | 232.60 million constant 2015 US$ | 203.41 million constant 2015 US$ | 265.27 million constant 2015 US$ | 10 |
| 2020s | 261.59 million constant 2015 US$ | 235.70 million constant 2015 US$ | 302.30 million constant 2015 US$ | 5 |
Countries ranked near Solomon Islands
- 173 Belize 390.02 million constant 2015 US$ compare
- 174 Aruba 379.98 million constant 2015 US$ compare
- 175 Antigua and Barbuda 375.86 million constant 2015 US$ compare
- 177 Turks and Caicos Islands 294.66 million constant 2015 US$ compare
- 178 Guinea-Bissau 293.99 million constant 2015 US$ compare
- 179 Seychelles 289.24 million constant 2015 US$ 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$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added in Solomon Islands?
- Industry (including construction), value added in Solomon Islands was 302.30 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Solomon Islands?
- The highest recorded value was 302.30 million constant 2015 US$ in 2024.
- What is the lowest industry (including construction), value added recorded in Solomon Islands?
- The lowest recorded value was 137.65 million constant 2015 US$ in 2005.
- How does Solomon Islands rank for industry (including construction), value added?
- Solomon Islands ranks 176th out of 196 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Solomon Islands?
- Over the last ten years it is up 42.6%. 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 Offices (NSOs), published as part of Industry (including construction), value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 2015. This indicator is expressed in United States dollars.