Services, value added in Solomon Islands
Solomon Islands: Services, value added was 46.9% in 2024. ▲ Rising
Services, value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in Solomon Islands stood at 46.9%.
That represents a change of down 2.2% on the previous year and down 2.5% over ten years.
Over the whole period, services, value added in Solomon Islands peaked at 51.1% in 2015 and was at its lowest, 37.3%, in 2003.
That places Solomon Islands 163rd out of 204 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 | % of GDP | Change |
|---|---|---|
| 2003 | 37.3% | — |
| 2004 | 38.0% | +1.9% |
| 2005 | 45.2% | +19.0% |
| 2006 | 46.6% | +3.1% |
| 2007 | 47.7% | +2.3% |
| 2008 | 48.1% | +0.8% |
| 2009 | 48.8% | +1.6% |
| 2010 | 48.5% | -0.8% |
| 2011 | 46.1% | -4.8% |
| 2012 | 47.7% | +3.5% |
| 2013 | 50.2% | +5.2% |
| 2014 | 48.1% | -4.1% |
| 2015 | 51.1% | +6.2% |
| 2016 | 49.7% | -2.8% |
| 2017 | 49.3% | -0.7% |
| 2018 | 48.2% | -2.4% |
| 2019 | 49.2% | +2.1% |
| 2020 | 48.6% | -1.1% |
| 2021 | 47.2% | -2.9% |
| 2022 | 48.8% | +3.3% |
| 2023 | 48.0% | -1.7% |
| 2024 | 46.9% | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 44.5% | 37.3% | 48.8% | 7 |
| 2010s | 48.8% | 46.1% | 51.1% | 10 |
| 2020s | 47.9% | 46.9% | 48.8% | 5 |
Countries ranked near Solomon Islands
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)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.31 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9801 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 1,895 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 8.29 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 16,023 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9137 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Solomon Islands?
- Services, value added in Solomon Islands was 46.9% 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 51.1% in 2015.
- What is the lowest services, value added recorded in Solomon Islands?
- The lowest recorded value was 37.3% in 2003.
- How does Solomon Islands rank for services, value added?
- Solomon Islands ranks 163rd out of 204 countries with data for 2024.
- Is services, value added rising or falling in Solomon Islands?
- Over the last ten years it is down 2.5%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.