Services, value added in Solomon Islands
Solomon Islands: Services, value added was 743.21 million current US$ in 2024. ▲ Rising
Services, value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Solomon Islands recorded 743.21 million current US$ for services, value added in 2024.
The figure is up 2.9% on the previous year and up 15.7% over ten years.
Over the whole period, services, value added in Solomon Islands peaked at 796.17 million current US$ in 2019 and was at its lowest, 155.76 million current US$, in 2003.
That places Solomon Islands 195th out of 203 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 281.39 million current US$ | 155.76 million current US$ | 393.45 million current US$ | 7 |
| 2010s | 643.12 million current US$ | 435.18 million current US$ | 796.17 million current US$ | 10 |
| 2020s | 732.87 million current US$ | 715.47 million current US$ | 747.12 million current US$ | 5 |
Countries ranked near Solomon Islands
- 192 Saint Vincent and the Grenadines 832.96 million current US$ compare
- 193 Sao Tome and Principe 798.68 million current US$ compare
- 194 Saint Kitts and Nevis 783.00 million current US$ compare
- 196 Vanuatu 736.78 million current US$ compare
- 197 Dominica 414.19 million current US$ compare
- 198 Micronesia (country) 327.49 million current US$ 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 743.21 million current 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 796.17 million current US$ in 2019.
- What is the lowest services, value added recorded in Solomon Islands?
- The lowest recorded value was 155.76 million current US$ in 2003.
- How does Solomon Islands rank for services, value added?
- Solomon Islands ranks 195th out of 203 countries with data for 2024.
- Is services, value added rising or falling in Solomon Islands?
- Over the last ten years it is up 15.7%. 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 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 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 indicator is expressed in United States dollars.