Industry (including construction), value added in Solomon Islands
Solomon Islands: Industry (including construction), value added was 23.4% in 2024. ▲ Rising
Industry (including construction), value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, industry (including construction), value added in Solomon Islands stood at 23.4%. That is the highest value across all 22 years on record.
The figure is up 8.8% on the previous year and up 38.6% over ten years.
Over the whole period, industry (including construction), value added in Solomon Islands peaked at 23.4% in 2024 and was at its lowest, 8.6%, in 2005.
That places Solomon Islands 105th out of 209 countries with data for 2024, putting it in the middle of the range.
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 | % of GDP | Change |
|---|---|---|
| 2003 | 9.5% | — |
| 2004 | 9.7% | +1.7% |
| 2005 | 8.6% | -11.1% |
| 2006 | 9.3% | +8.5% |
| 2007 | 10.0% | +7.1% |
| 2008 | 10.3% | +2.8% |
| 2009 | 11.8% | +15.2% |
| 2010 | 13.0% | +9.7% |
| 2011 | 18.7% | +43.8% |
| 2012 | 18.2% | -2.2% |
| 2013 | 15.6% | -14.2% |
| 2014 | 16.9% | +7.8% |
| 2015 | 15.6% | -7.8% |
| 2016 | 15.6% | +0.0% |
| 2017 | 17.6% | +13.2% |
| 2018 | 17.6% | -0.0% |
| 2019 | 18.1% | +3.0% |
| 2020 | 17.2% | -4.8% |
| 2021 | 18.3% | +6.1% |
| 2022 | 19.3% | +5.5% |
| 2023 | 21.5% | +11.3% |
| 2024 | 23.4% | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.9% | 8.6% | 11.8% | 7 |
| 2010s | 16.7% | 13.0% | 18.7% | 10 |
| 2020s | 19.9% | 17.2% | 23.4% | 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)
- 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 industry (including construction), value added in Solomon Islands?
- Industry (including construction), value added in Solomon Islands was 23.4% 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 23.4% in 2024.
- What is the lowest industry (including construction), value added recorded in Solomon Islands?
- The lowest recorded value was 8.6% in 2005.
- How does Solomon Islands rank for industry (including construction), value added?
- Solomon Islands ranks 105th 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 38.6%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.