Manufacturing, value added in Solomon Islands
Solomon Islands: Manufacturing, value added was 1.35 billion current LCU in 2024. ▲ Rising
Manufacturing, value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, manufacturing, value added in Solomon Islands stood at 1.35 billion current LCU.
The figure is up 5.4% on the previous year and up 38.9% over ten years.
Over the whole period, manufacturing, value added in Solomon Islands peaked at 1.37 billion current LCU in 2019 and was at its lowest, 190.37 million current LCU, in 2003.
Solomon Islands ranks 171st of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Manufacturing, value added in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 190.37 million current LCU | — |
| 2004 | 216.01 million current LCU | +13.5% |
| 2005 | 244.08 million current LCU | +13.0% |
| 2006 | 301.66 million current LCU | +23.6% |
| 2007 | 396.84 million current LCU | +31.6% |
| 2008 | 456.99 million current LCU | +15.2% |
| 2009 | 538.63 million current LCU | +17.9% |
| 2010 | 637.35 million current LCU | +18.3% |
| 2011 | 755.08 million current LCU | +18.5% |
| 2012 | 807.98 million current LCU | +7.0% |
| 2013 | 811.60 million current LCU | +0.4% |
| 2014 | 972.71 million current LCU | +19.9% |
| 2015 | 815.59 million current LCU | -16.2% |
| 2016 | 861.40 million current LCU | +5.6% |
| 2017 | 1.20 billion current LCU | +39.1% |
| 2018 | 1.31 billion current LCU | +9.1% |
| 2019 | 1.37 billion current LCU | +4.8% |
| 2020 | 1.22 billion current LCU | -10.8% |
| 2021 | 1.27 billion current LCU | +3.9% |
| 2022 | 1.21 billion current LCU | -4.7% |
| 2023 | 1.28 billion current LCU | +6.1% |
| 2024 | 1.35 billion current LCU | +5.4% |
Solomon Islands compared with similar countries
- Solomon Islands's 1.35 billion current LCU is below the median for lower middle income countries, which is 254.63 billion current LCU, 1% of the median. (47 countries reporting)
- Solomon Islands's 1.35 billion current LCU is below the median for East Asia & Pacific, which is 32.15 billion current LCU, 4% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 334.94 million current LCU | 190.37 million current LCU | 538.63 million current LCU | 7 |
| 2010s | 953.67 million current LCU | 637.35 million current LCU | 1.37 billion current LCU | 10 |
| 2020s | 1.27 billion current LCU | 1.21 billion current LCU | 1.35 billion current 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 manufacturing, value added in Solomon Islands?
- Manufacturing, value added in Solomon Islands was 1.35 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Solomon Islands?
- The highest recorded value was 1.37 billion current LCU in 2019.
- What is the lowest manufacturing, value added recorded in Solomon Islands?
- The lowest recorded value was 190.37 million current LCU in 2003.
- How does Solomon Islands rank for manufacturing, value added?
- Solomon Islands ranks 171st out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Solomon Islands?
- Over the last ten years it is up 38.9%. 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 Manufacturing, value added (current LCU). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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.