Services, value added in Solomon Islands
Solomon Islands: Services, value added was 6.28 billion current LCU in 2024. ▲ Rising
Services, value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, services, value added in Solomon Islands stood at 6.28 billion current LCU.
That represents a change of up 3.9% on the previous year and up 32.6% over ten years.
Over the whole period, services, value added in Solomon Islands peaked at 6.51 billion current LCU in 2019 and was at its lowest, 1.17 billion current LCU, in 2003.
That places Solomon Islands 178th out of 205 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.17 billion current LCU | 1.17 billion current LCU | 3.17 billion current LCU | 7 |
| 2010s | 5.00 billion current LCU | 3.51 billion current LCU | 6.51 billion current LCU | 10 |
| 2020s | 6.04 billion current LCU | 5.84 billion current LCU | 6.28 billion current LCU | 5 |
Countries ranked near Solomon Islands
- 175 Bermuda 8.40 billion current LCU compare
- 176 Fiji 8.12 billion current LCU compare
- 177 Brunei 7.91 billion current LCU compare
- 179 Isle of Man 5.80 billion current LCU compare
- 180 Cayman Islands 5.60 billion current LCU compare
- 181 Saint Lucia 5.29 billion current LCU compare
More economy & growth data for Solomon Islands
- External balance on goods and services as a percent of GDP -30.2% (2024)
- Inflation of consumer prices 3.4% (2025)
- GDP per capita 1,828 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 10.1% (2024)
- Gross domestic product (GDP) 1.53 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,828 constant 2015 US$ (2025)
- DEC alternative conversion factor 8.33 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 145.27 million current US$ (2025)
- Taxes less subsidies on products 266.39 million current LCU (2024)
Frequently asked questions
- What is services, value added in Solomon Islands?
- Services, value added in Solomon Islands was 6.28 billion current LCU 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 6.51 billion current LCU in 2019.
- What is the lowest services, value added recorded in Solomon Islands?
- The lowest recorded value was 1.17 billion current LCU in 2003.
- How does Solomon Islands rank for services, value added?
- Solomon Islands ranks 178th out of 205 countries with data for 2024.
- Is services, value added rising or falling in Solomon Islands?
- Over the last ten years it is up 32.6%. 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 Services, value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 defence, 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.