Services, value added (constant 2015 US$) in Solomon Islands
Solomon Islands: Services, value added (constant 2015 US$) was 768.94 million constant 2015 US$ in 2024. ▲ Rising
Services, value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Solomon Islands recorded 768.94 million constant 2015 US$ for services, value added in 2024.
That represents a change of up 1.9% on the previous year and up 17.9% over ten years.
Over the whole period, services, value added in Solomon Islands peaked at 775.99 million constant 2015 US$ in 2019 and was at its lowest, 319.04 million constant 2015 US$, in 2003.
Solomon Islands ranks 184th of 196 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Services, value added (constant 2015 US$) in Solomon Islands, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2003 | 319.04 million constant 2015 US$ | — |
| 2004 | 356.93 million constant 2015 US$ | +11.9% |
| 2005 | 410.91 million constant 2015 US$ | +15.1% |
| 2006 | 432.38 million constant 2015 US$ | +5.2% |
| 2007 | 466.09 million constant 2015 US$ | +7.8% |
| 2008 | 463.72 million constant 2015 US$ | -0.5% |
| 2009 | 485.10 million constant 2015 US$ | +4.6% |
| 2010 | 510.06 million constant 2015 US$ | +5.1% |
| 2011 | 521.70 million constant 2015 US$ | +2.3% |
| 2012 | 542.89 million constant 2015 US$ | +4.1% |
| 2013 | 636.35 million constant 2015 US$ | +17.2% |
| 2014 | 652.20 million constant 2015 US$ | +2.5% |
| 2015 | 668.24 million constant 2015 US$ | +2.5% |
| 2016 | 717.17 million constant 2015 US$ | +7.3% |
| 2017 | 725.67 million constant 2015 US$ | +1.2% |
| 2018 | 760.46 million constant 2015 US$ | +4.8% |
| 2019 | 775.99 million constant 2015 US$ | +2.0% |
| 2020 | 753.04 million constant 2015 US$ | -3.0% |
| 2021 | 743.33 million constant 2015 US$ | -1.3% |
| 2022 | 742.23 million constant 2015 US$ | -0.1% |
| 2023 | 754.89 million constant 2015 US$ | +1.7% |
| 2024 | 768.94 million constant 2015 US$ | +1.9% |
Solomon Islands compared with similar countries
- Solomon Islands's 768.94 million constant 2015 US$ is below the median for lower middle income countries, which is 12.91 billion constant 2015 US$, 6% of the median. (46 countries reporting)
- Solomon Islands's 768.94 million constant 2015 US$ is below the median for East Asia & Pacific, which is 14.44 billion constant 2015 US$, 5% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 419.17 million constant 2015 US$ | 319.04 million constant 2015 US$ | 485.10 million constant 2015 US$ | 7 |
| 2010s | 651.07 million constant 2015 US$ | 510.06 million constant 2015 US$ | 775.99 million constant 2015 US$ | 10 |
| 2020s | 752.49 million constant 2015 US$ | 742.23 million constant 2015 US$ | 768.94 million constant 2015 US$ | 5 |
Countries ranked near Solomon Islands
- 181 Guinea-Bissau 830.48 million constant 2015 US$ compare
- 182 Samoa 819.92 million constant 2015 US$ compare
- 183 Grenada 786.91 million constant 2015 US$ compare
- 185 Central African Republic 730.64 million constant 2015 US$ compare
- 186 Saint Kitts and Nevis 717.46 million constant 2015 US$ compare
- 187 Comoros 693.17 million constant 2015 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)
- SDRs holdings, US dollar, annual growth rate -99.65 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 7.33 units per person (2025)
- SDRs holdings, SDR, annual growth rate -99.64 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5.36 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -12.23 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0138 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Solomon Islands?
- Services, value added in Solomon Islands was 768.94 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Solomon Islands?
- The highest recorded value was 775.99 million constant 2015 US$ in 2019.
- What is the lowest services, value added recorded in Solomon Islands?
- The lowest recorded value was 319.04 million constant 2015 US$ in 2003.
- How does Solomon Islands rank for services, value added?
- Solomon Islands ranks 184th out of 196 countries with data for 2024.
- Is services, value added rising or falling in Solomon Islands?
- Over the last ten years it is up 17.9%. 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 Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 is 2015. This indicator is expressed in United States dollars.