Industry (including construction), value added in Solomon Islands
Solomon Islands: Industry (including construction), value added was 3.13 billion current LCU in 2024. ◆ Volatile
Industry (including construction), value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, industry (including construction), value added in Solomon Islands stood at 3.13 billion current LCU. That is the highest value across all 22 years on record.
That represents a change of up 15.5% on the previous year and up 88.5% over ten years.
Over the whole period, industry (including construction), value added in Solomon Islands peaked at 3.13 billion current LCU in 2024 and was at its lowest, 298.10 million current LCU, in 2003.
Solomon Islands ranks 171st of 209 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 298.10 million current LCU | — |
| 2004 | 338.86 million current LCU | +13.7% |
| 2005 | 357.98 million current LCU | +5.6% |
| 2006 | 438.01 million current LCU | +22.4% |
| 2007 | 531.22 million current LCU | +21.3% |
| 2008 | 617.45 million current LCU | +16.2% |
| 2009 | 767.10 million current LCU | +24.2% |
| 2010 | 939.60 million current LCU | +22.5% |
| 2011 | 1.52 billion current LCU | +61.4% |
| 2012 | 1.59 billion current LCU | +4.9% |
| 2013 | 1.47 billion current LCU | -7.6% |
| 2014 | 1.66 billion current LCU | +13.0% |
| 2015 | 1.61 billion current LCU | -3.1% |
| 2016 | 1.71 billion current LCU | +5.9% |
| 2017 | 2.04 billion current LCU | +19.6% |
| 2018 | 2.26 billion current LCU | +10.8% |
| 2019 | 2.40 billion current LCU | +6.1% |
| 2020 | 2.18 billion current LCU | -9.3% |
| 2021 | 2.29 billion current LCU | +5.3% |
| 2022 | 2.31 billion current LCU | +0.8% |
| 2023 | 2.71 billion current LCU | +17.3% |
| 2024 | 3.13 billion current LCU | +15.5% |
Solomon Islands compared with similar countries
- Solomon Islands's 3.13 billion current LCU is below the median for lower middle income countries, which is 522.90 billion current LCU, 1% of the median. (47 countries reporting)
- Solomon Islands's 3.13 billion current LCU is below the median for East Asia & Pacific, which is 130.07 billion current LCU, 2% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 478.39 million current LCU | 298.10 million current LCU | 767.10 million current LCU | 7 |
| 2010s | 1.72 billion current LCU | 939.60 million current LCU | 2.40 billion current LCU | 10 |
| 2020s | 2.52 billion current LCU | 2.18 billion current LCU | 3.13 billion current LCU | 5 |
Countries ranked near Solomon Islands
- 168 Seychelles 5.04 billion current LCU compare
- 169 Greenland 4.23 billion current LCU compare
- 170 Cyprus 4.07 billion current LCU compare
- 172 Liechtenstein 2.90 billion current LCU compare
- 173 Kosovo 2.75 billion current LCU compare
- 173 Kosovo (UNSCR 1244) 2.75 billion current LCU 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 3.13 billion current 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 3.13 billion current LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Solomon Islands?
- The lowest recorded value was 298.10 million current LCU in 2003.
- How does Solomon Islands rank for industry (including construction), value added?
- Solomon Islands ranks 171st out of 209 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 88.5%. The long-run trend across the full record is volatile.
- 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.