GDP (current LCU), annual growth rate in Solomon Islands
Solomon Islands: GDP (current LCU), annual growth rate was 7.02 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Solomon Islands, 1972–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (current lcu), annual growth rate in Solomon Islands stood at 7.02 % change on previous year.
That represents a change of down 21.1% on the previous year and up 43.1% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Solomon Islands peaked at 51.28 % change on previous year in 1974 and was at its lowest, -22.73 % change on previous year, in 1972.
That places Solomon Islands 109th out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Solomon Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1972 | -22.73 % change on previous year | — |
| 1973 | 14.71 % change on previous year | -164.7% |
| 1974 | 51.28 % change on previous year | +248.7% |
| 1975 | -3.39 % change on previous year | -106.6% |
| 1976 | 19.3 % change on previous year | -669.3% |
| 1977 | 23.53 % change on previous year | +21.9% |
| 1978 | 15.48 % change on previous year | -34.2% |
| 1979 | 35.05 % change on previous year | +126.5% |
| 1980 | 15.83 % change on previous year | -54.8% |
| 1981 | 11.11 % change on previous year | -29.8% |
| 1982 | 11.11 % change on previous year | +0.0% |
| 1983 | 11.11 % change on previous year | -0.0% |
| 1984 | 11.11 % change on previous year | +0.0% |
| 1985 | 5.98 % change on previous year | -46.2% |
| 1986 | 4.89 % change on previous year | -18.3% |
| 1987 | 20.88 % change on previous year | +327.4% |
| 1988 | 18.27 % change on previous year | -12.5% |
| 1989 | 7.86 % change on previous year | -57.0% |
| 1990 | 37.06 % change on previous year | +371.2% |
| 1991 | 13.68 % change on previous year | -63.1% |
| 1992 | 27.53 % change on previous year | +101.2% |
| 1993 | 21.7 % change on previous year | -21.2% |
| 1994 | 38.3 % change on previous year | +76.5% |
| 1995 | 20.59 % change on previous year | -46.2% |
| 1996 | 13.89 % change on previous year | -32.6% |
| 1997 | 7.48 % change on previous year | -46.1% |
| 1998 | 12.59 % change on previous year | +68.2% |
| 1999 | 7.15 % change on previous year | -43.2% |
| 2000 | -9.51 % change on previous year | -233.0% |
| 2001 | 1.16 % change on previous year | -112.2% |
| 2002 | 8.16 % change on previous year | +602.4% |
| 2003 | 34.1 % change on previous year | +317.7% |
| 2004 | 11.74 % change on previous year | -65.6% |
| 2005 | 18.84 % change on previous year | +60.6% |
| 2006 | 12.83 % change on previous year | -31.9% |
| 2007 | 13.27 % change on previous year | +3.5% |
| 2008 | 13.06 % change on previous year | -1.6% |
| 2009 | 7.88 % change on previous year | -39.7% |
| 2010 | 11.62 % change on previous year | +47.6% |
| 2011 | 12.24 % change on previous year | +5.3% |
| 2012 | 7.23 % change on previous year | -40.9% |
| 2013 | 7.71 % change on previous year | +6.6% |
| 2014 | 4.9 % change on previous year | -36.4% |
| 2015 | 5.09 % change on previous year | +3.8% |
| 2016 | 5.92 % change on previous year | +16.3% |
| 2017 | 5.73 % change on previous year | -3.2% |
| 2018 | 10.82 % change on previous year | +88.8% |
| 2019 | 3.01 % change on previous year | -72.2% |
| 2020 | -4.66 % change on previous year | -254.8% |
| 2021 | -3.08 % change on previous year | -33.9% |
| 2022 | 4.47 % change on previous year | -245.0% |
| 2023 | 8.9 % change on previous year | +99.1% |
| 2024 | 7.02 % change on previous year | -21.1% |
Solomon Islands compared with similar countries
- Solomon Islands's 7.02 % change on previous year is below the median for lower middle income countries, which is 9.89 % change on previous year, 71% of the median. (47 countries reporting)
- Solomon Islands's 7.02 % change on previous year is below the median for East Asia & Pacific, which is 7.63 % change on previous year, 92% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1976 | +669.3% | -3.39 % change on previous year | 19.3 % change on previous year |
| 2002 | +602.4% | 1.16 % change on previous year | 8.16 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.65 % change on previous year | -22.73 % change on previous year | 51.28 % change on previous year | 8 |
| 1980s | 11.82 % change on previous year | 4.89 % change on previous year | 20.88 % change on previous year | 10 |
| 1990s | 20 % change on previous year | 7.15 % change on previous year | 38.3 % change on previous year | 10 |
| 2000s | 11.15 % change on previous year | -9.51 % change on previous year | 34.1 % change on previous year | 10 |
| 2010s | 7.43 % change on previous year | 3.01 % change on previous year | 12.24 % change on previous year | 10 |
| 2020s | 2.53 % change on previous year | -4.66 % change on previous year | 8.9 % change on previous year | 5 |
Countries ranked near Solomon Islands
- 106 Cyprus 7.11 % change on previous year compare
- 107 Namibia 7.08 % change on previous year compare
- 108 French Polynesia 7.07 % change on previous year compare
- 110 Mozambique 7.01 % change on previous year compare
- 111 Paraguay 6.95 % change on previous year compare
- 112 Albania 6.76 % change on previous year compare
More population data for Solomon Islands
- Population regions with projections, annual growth rate 0.2119 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.5637 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.2119 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.4946 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 1,225 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 2.01 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.5357 % change on previous year (2100)
- World population growth 0.2% (2100)
- Population density 66.07 people per km² (2100)
- Number of children under 5, by world region 114,738 people (2100)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Solomon Islands?
- Gdp (current lcu), annual growth rate in Solomon Islands was 7.02 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Solomon Islands?
- The highest recorded value was 51.28 % change on previous year in 1974.
- What is the lowest gdp (current lcu), annual growth rate recorded in Solomon Islands?
- The lowest recorded value was -22.73 % change on previous year in 1972.
- How does Solomon Islands rank for gdp (current lcu), annual growth rate?
- Solomon Islands ranks 109th out of 211 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Solomon Islands?
- Over the last ten years it is up 43.1%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.