Industry (including construction), value added in Solomon Islands
Solomon Islands: Industry (including construction), value added was 1.83 billion constant LCU in 2024. ▲ Rising
Industry (including construction), value added in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, industry (including construction), value added in Solomon Islands stood at 1.83 billion constant LCU. That is the highest value across all 22 years on record.
Compared with earlier readings it is up 8.3% on the previous year and up 42.6% over ten years.
Over the whole period, industry (including construction), value added in Solomon Islands peaked at 1.83 billion constant LCU in 2024 and was at its lowest, 833.08 million constant LCU, in 2005.
Solomon Islands ranks 169th of 199 countries on this measure, 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 | 967.49 million constant LCU | 833.08 million constant LCU | 1.12 billion constant LCU | 7 |
| 2010s | 1.41 billion constant LCU | 1.23 billion constant LCU | 1.61 billion constant LCU | 10 |
| 2020s | 1.58 billion constant LCU | 1.43 billion constant LCU | 1.83 billion constant LCU | 5 |
Countries ranked near Solomon Islands
More economy & growth data for Solomon Islands
- 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)
- Taxes less subsidies on products 31.51 million current US$ (2024)
- Net primary income (Net income from abroad) 14.54 million current LCU (2025)
- Net primary income (Net income from abroad) 1.75 million current US$ (2025)
- GNI per capita 17,389 current LCU (2025)
- GNI per capita, Atlas method 2,020 current US$ (2025)
- GNI 14.58 billion current LCU (2025)
Frequently asked questions
- What is industry (including construction), value added in Solomon Islands?
- Industry (including construction), value added in Solomon Islands was 1.83 billion constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Solomon Islands?
- The highest recorded value was 1.83 billion constant LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Solomon Islands?
- The lowest recorded value was 833.08 million constant LCU in 2005.
- How does Solomon Islands rank for industry (including construction), value added?
- Solomon Islands ranks 169th out of 199 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Solomon Islands?
- Over the last ten years it is up 42.6%. 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 Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.