Services, value added (current US$), annual growth rate in Solomon Islands
Solomon Islands: Services, value added (current US$), annual growth rate was 2.88 % change on previous year in 2024. ◆ Volatile
Services, value added (current US$), annual growth rate in Solomon Islands, 2004–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, services, value added (current us$), annual growth rate in Solomon Islands stood at 2.88 % change on previous year.
The figure is up 197.0% on the previous year and up 789.2% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Solomon Islands peaked at 40.6 % change on previous year in 2005 and was at its lowest, -6.16 % change on previous year, in 2020.
That places Solomon Islands 179th out of 204 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Solomon Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2004 | 14.15 % change on previous year | — |
| 2005 | 40.6 % change on previous year | +186.9% |
| 2006 | 15.16 % change on previous year | -62.7% |
| 2007 | 15.21 % change on previous year | +0.4% |
| 2008 | 12.51 % change on previous year | -17.7% |
| 2009 | 5.43 % change on previous year | -56.6% |
| 2010 | 10.6 % change on previous year | +95.2% |
| 2011 | 12.71 % change on previous year | +19.9% |
| 2012 | 15.27 % change on previous year | +20.1% |
| 2013 | 14.12 % change on previous year | -7.5% |
| 2014 | -0.4178 % change on previous year | -103.0% |
| 2015 | 4 % change on previous year | -1056.2% |
| 2016 | 2.51 % change on previous year | -37.1% |
| 2017 | 5.82 % change on previous year | +131.8% |
| 2018 | 7.31 % change on previous year | +25.5% |
| 2019 | 2.35 % change on previous year | -67.9% |
| 2020 | -6.16 % change on previous year | -362.6% |
| 2021 | -1.47 % change on previous year | -76.2% |
| 2022 | -2.81 % change on previous year | +91.3% |
| 2023 | 0.9696 % change on previous year | -134.5% |
| 2024 | 2.88 % change on previous year | +197.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.18 % change on previous year | 5.43 % change on previous year | 40.6 % change on previous year | 6 |
| 2010s | 7.43 % change on previous year | -0.4178 % change on previous year | 15.27 % change on previous year | 10 |
| 2020s | -1.32 % change on previous year | -6.16 % change on previous year | 2.88 % change on previous year | 5 |
Countries ranked near Solomon Islands
- 176 Dominican Republic 3.01 % change on previous year compare
- 177 Jamaica 2.94 % change on previous year compare
- 178 El Salvador 2.89 % change on previous year compare
- 180 Puerto Rico 2.83 % change on previous year compare
- 181 Bangladesh 2.79 % change on previous year compare
- 182 Micronesia, Federated States of 2.29 % 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$), per unit of GDP 0.4692 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 907.24 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 3.85 % change on previous year (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 us$), annual growth rate in Solomon Islands?
- Services, value added (current us$), annual growth rate in Solomon Islands was 2.88 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Solomon Islands?
- The highest recorded value was 40.6 % change on previous year in 2005.
- What is the lowest services, value added (current us$), annual growth rate recorded in Solomon Islands?
- The lowest recorded value was -6.16 % change on previous year in 2020.
- How does Solomon Islands rank for services, value added (current us$), annual growth rate?
- Solomon Islands ranks 179th out of 204 countries with data for 2024.
- Is services, value added (current us$), annual growth rate rising or falling in Solomon Islands?
- Over the last ten years it is up 789.2%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.