Services, value added (current LCU), annual growth rate in Solomon Islands
Solomon Islands: Services, value added (current LCU), annual growth rate was 3.85 % change on previous year in 2024. ◆ Volatile
Services, value added (current LCU), annual growth rate in Solomon Islands, 2004–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (current lcu), annual growth rate in Solomon Islands stood at 3.85 % change on previous year.
Compared with earlier readings it is up 4.3% on the previous year and up 563.5% over ten years.
Over the whole period, services, value added (current lcu), annual growth rate in Solomon Islands peaked at 41.45 % change on previous year in 2005 and was at its lowest, -5.7 % change on previous year, in 2020.
Solomon Islands ranks 173rd of 204 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current LCU), annual growth rate in Solomon Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 13.83 % change on previous year | — |
| 2005 | 41.45 % change on previous year | +199.7% |
| 2006 | 16.37 % change on previous year | -60.5% |
| 2007 | 15.86 % change on previous year | -3.2% |
| 2008 | 13.92 % change on previous year | -12.2% |
| 2009 | 9.61 % change on previous year | -31.0% |
| 2010 | 10.73 % change on previous year | +11.7% |
| 2011 | 6.8 % change on previous year | -36.7% |
| 2012 | 10.96 % change on previous year | +61.2% |
| 2013 | 13.3 % change on previous year | +21.4% |
| 2014 | 0.5807 % change on previous year | -95.6% |
| 2015 | 11.6 % change on previous year | +1897.7% |
| 2016 | 2.95 % change on previous year | -74.6% |
| 2017 | 5.02 % change on previous year | +70.2% |
| 2018 | 8.19 % change on previous year | +63.4% |
| 2019 | 5.19 % change on previous year | -36.7% |
| 2020 | -5.7 % change on previous year | -209.9% |
| 2021 | -3.67 % change on previous year | -35.7% |
| 2022 | -1.29 % change on previous year | -64.8% |
| 2023 | 3.69 % change on previous year | -386.1% |
| 2024 | 3.85 % change on previous year | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.51 % change on previous year | 9.61 % change on previous year | 41.45 % change on previous year | 6 |
| 2010s | 7.53 % change on previous year | 0.5807 % change on previous year | 13.3 % change on previous year | 10 |
| 2020s | -0.6225 % change on previous year | -5.7 % change on previous year | 3.85 % change on previous year | 5 |
Countries ranked near Solomon Islands
- 170 Iraq 3.89 % change on previous year compare
- 171 Japan 3.88 % change on previous year compare
- 172 Belgium 3.87 % change on previous year compare
- 174 Republic of Korea 3.67 % change on previous year compare
- 175 Sweden 3.64 % change on previous year compare
- 176 Grenada 3.53 % change on previous year 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)
- Services, value added (current US$), annual growth rate 2.88 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4692 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 907.24 current US$ per person (2024)
- Services, value added (current LCU), per unit of GDP 3.97 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 7,671 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 1.86 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.4855 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 938.65 constant 2015 US$ per person (2024)
Frequently asked questions
- What is services, value added (current lcu), annual growth rate in Solomon Islands?
- Services, value added (current lcu), annual growth rate in Solomon Islands was 3.85 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current lcu), annual growth rate recorded in Solomon Islands?
- The highest recorded value was 41.45 % change on previous year in 2005.
- What is the lowest services, value added (current lcu), annual growth rate recorded in Solomon Islands?
- The lowest recorded value was -5.7 % change on previous year in 2020.
- How does Solomon Islands rank for services, value added (current lcu), annual growth rate?
- Solomon Islands ranks 173rd out of 204 countries with data for 2024.
- Is services, value added (current lcu), annual growth rate rising or falling in Solomon Islands?
- Over the last ten years it is up 563.5%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.