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$, in 2003.
That places Solomon Islands 198th out of 206 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Services, value added in Solomon Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 2003 | 155.76 million current US$ | — |
| 2004 | 177.80 million current US$ | +14.2% |
| 2005 | 250.00 million current US$ | +40.6% |
| 2006 | 287.89 million current US$ | +15.2% |
| 2007 | 331.68 million current US$ | +15.2% |
| 2008 | 373.18 million current US$ | +12.5% |
| 2009 | 393.45 million current US$ | +5.4% |
| 2010 | 435.18 million current US$ | +10.6% |
| 2011 | 490.51 million current US$ | +12.7% |
| 2012 | 565.42 million current US$ | +15.3% |
| 2013 | 645.26 million current US$ | +14.1% |
| 2014 | 642.57 million current US$ | -0.4% |
| 2015 | 668.24 million current US$ | +4.0% |
| 2016 | 685.03 million current US$ | +2.5% |
| 2017 | 724.93 million current US$ | +5.8% |
| 2018 | 777.92 million current US$ | +7.3% |
| 2019 | 796.17 million current US$ | +2.3% |
| 2020 | 747.12 million current US$ | -6.2% |
| 2021 | 736.15 million current US$ | -1.5% |
| 2022 | 715.47 million current US$ | -2.8% |
| 2023 | 722.41 million current US$ | +1.0% |
| 2024 | 743.21 million current US$ | +2.9% |
Solomon Islands compared with similar countries
- Solomon Islands's 743.21 million current US$ is below the median for lower middle income countries, which is 12.93 billion current US$, 6% of the median. (47 countries reporting)
- Solomon Islands's 743.21 million current US$ is below the median for East Asia & Pacific, which is 12.93 billion current US$, 6% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 281.39 million current US$ | 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
- 195 Saint Vincent and the Grenadines 832.96 million current US$ compare
- 196 Sao Tome and Principe 798.68 million current US$ compare
- 197 Saint Kitts and Nevis 783.00 million current US$ compare
- 199 Vanuatu 736.78 million current US$ compare
- 200 Dominica 414.19 million current US$ compare
- 201 Micronesia (country) 327.49 million current 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 52.88 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0334 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 64.55 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -58.21 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0208 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is services, value added in Solomon Islands?
- Services, value added in Solomon Islands was 743.21 million current US$ 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 198th out of 206 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.