Industry (including construction), value added in Solomon Islands
Solomon Islands: Industry (including construction), value added was 370.21 million current US$ in 2024. ◆ Volatile
Industry (including construction), value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for industry (including construction), value added in Solomon Islands is 370.21 million current US$, measured in 2024. That is the highest value across all 22 years on record.
The figure is up 14.4% on the previous year and up 64.4% over ten years.
Over the whole period, industry (including construction), value added in Solomon Islands peaked at 370.21 million current US$ in 2024 and was at its lowest, 39.72 million current US$, in 2003.
That places Solomon Islands 187th out of 209 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Industry (including construction), value added in Solomon Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 39.72 million current US$ | — |
| 2004 | 45.27 million current US$ | +14.0% |
| 2005 | 47.54 million current US$ | +5.0% |
| 2006 | 57.56 million current US$ | +21.1% |
| 2007 | 69.42 million current US$ | +20.6% |
| 2008 | 79.69 million current US$ | +14.8% |
| 2009 | 95.23 million current US$ | +19.5% |
| 2010 | 116.51 million current US$ | +22.3% |
| 2011 | 198.43 million current US$ | +70.3% |
| 2012 | 216.25 million current US$ | +9.0% |
| 2013 | 201.22 million current US$ | -7.0% |
| 2014 | 225.19 million current US$ | +11.9% |
| 2015 | 203.41 million current US$ | -9.7% |
| 2016 | 214.60 million current US$ | +5.5% |
| 2017 | 258.71 million current US$ | +20.6% |
| 2018 | 284.35 million current US$ | +9.9% |
| 2019 | 293.41 million current US$ | +3.2% |
| 2020 | 264.91 million current US$ | -9.7% |
| 2021 | 285.19 million current US$ | +7.7% |
| 2022 | 283.15 million current US$ | -0.7% |
| 2023 | 323.53 million current US$ | +14.3% |
| 2024 | 370.21 million current US$ | +14.4% |
Solomon Islands compared with similar countries
- Solomon Islands's 370.21 million current US$ is below the median for lower middle income countries, which is 7.20 billion current US$, 5% of the median. (47 countries reporting)
- Solomon Islands's 370.21 million current US$ is below the median for East Asia & Pacific, which is 9.23 billion current US$, 4% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 62.06 million current US$ | 39.72 million current US$ | 95.23 million current US$ | 7 |
| 2010s | 221.21 million current US$ | 116.51 million current US$ | 293.41 million current US$ | 10 |
| 2020s | 305.40 million current US$ | 264.91 million current US$ | 370.21 million current US$ | 5 |
Countries ranked near Solomon Islands
- 184 Aruba 406.05 million current US$ compare
- 185 Eritrea 405.12 million current US$ compare
- 186 Guinea-Bissau 398.00 million current US$ compare
- 188 Seychelles 342.54 million current US$ compare
- 189 Cape Verde 327.76 million current US$ compare
- 190 Saint Lucia 283.93 million current 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$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is industry (including construction), value added in Solomon Islands?
- Industry (including construction), value added in Solomon Islands was 370.21 million current US$ 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 370.21 million current US$ in 2024.
- What is the lowest industry (including construction), value added recorded in Solomon Islands?
- The lowest recorded value was 39.72 million current US$ in 2003.
- How does Solomon Islands rank for industry (including construction), value added?
- Solomon Islands ranks 187th 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 64.4%. 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 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.