Services, value added in Solomon Islands
Solomon Islands: Services, value added was 1.9% in 2024. ◆ Volatile
Services, value added in Solomon Islands, 2004–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Solomon Islands is 1.9%, measured in 2024.
That represents a change of up 9.2% on the previous year and down 25.3% over ten years.
Over the whole period, services, value added in Solomon Islands peaked at 17.2% in 2013 and was at its lowest, -3.0%, in 2020.
Solomon Islands ranks 145th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.4% | -0.5% | 15.1% | 6 |
| 2010s | 4.9% | 1.2% | 17.2% | 10 |
| 2020s | -0.2% | -3.0% | 1.9% | 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 services, value added in Solomon Islands?
- Services, value added in Solomon Islands was 1.9% 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 17.2% in 2013.
- What is the lowest services, value added recorded in Solomon Islands?
- The lowest recorded value was -3.0% in 2020.
- How does Solomon Islands rank for services, value added?
- Solomon Islands ranks 145th out of 197 countries with data for 2024.
- Is services, value added rising or falling in Solomon Islands?
- Over the last ten years it is down 25.3%. The long-run trend across the full record is volatile.
- 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 (annual % growth). 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.