Industry (including construction), value added in Solomon Islands
Solomon Islands: Industry (including construction), value added was 1.83 billion constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, industry (including construction), value added in Solomon Islands stood at 1.83 billion constant LCU. That is the highest value across all 22 years on record.
Compared with earlier readings it is 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 1.83 billion constant LCU in 2024 and was at its lowest, 833.08 million constant LCU, in 2005.
Solomon Islands ranks 170th of 200 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 LCU | Change |
|---|---|---|
| 2003 | 899.74 million constant LCU | — |
| 2004 | 863.17 million constant LCU | -4.1% |
| 2005 | 833.08 million constant LCU | -3.5% |
| 2006 | 926.44 million constant LCU | +11.2% |
| 2007 | 1.01 billion constant LCU | +9.0% |
| 2008 | 1.12 billion constant LCU | +11.1% |
| 2009 | 1.12 billion constant LCU | -0.3% |
| 2010 | 1.27 billion constant LCU | +13.2% |
| 2011 | 1.61 billion constant LCU | +26.8% |
| 2012 | 1.59 billion constant LCU | -0.9% |
| 2013 | 1.48 billion constant LCU | -7.2% |
| 2014 | 1.28 billion constant LCU | -13.1% |
| 2015 | 1.23 billion constant LCU | -4.0% |
| 2016 | 1.29 billion constant LCU | +5.0% |
| 2017 | 1.41 billion constant LCU | +9.5% |
| 2018 | 1.43 billion constant LCU | +1.3% |
| 2019 | 1.48 billion constant LCU | +3.5% |
| 2020 | 1.43 billion constant LCU | -3.8% |
| 2021 | 1.47 billion constant LCU | +3.1% |
| 2022 | 1.50 billion constant LCU | +2.1% |
| 2023 | 1.69 billion constant LCU | +12.5% |
| 2024 | 1.83 billion constant LCU | +8.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 1.83 billion constant LCU is below the median for lower middle income countries, which is 119.95 billion constant LCU, 2% of the median. (47 countries reporting)
- Solomon Islands's 1.83 billion constant LCU is below the median for East Asia & Pacific, which is 154.77 billion constant LCU, 1% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 967.49 million constant LCU | 833.08 million constant LCU | 1.12 billion constant LCU | 7 |
| 2010s | 1.41 billion constant LCU | 1.23 billion constant LCU | 1.61 billion constant LCU | 10 |
| 2020s | 1.58 billion constant LCU | 1.43 billion constant LCU | 1.83 billion constant LCU | 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)
- 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 1.83 billion constant LCU 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 1.83 billion constant LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Solomon Islands?
- The lowest recorded value was 833.08 million constant LCU in 2005.
- How does Solomon Islands rank for industry (including construction), value added?
- Solomon Islands ranks 170th out of 200 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 LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 varies by country. This series is expressed in local currency units.