Gross domestic product (GDP) in Solomon Islands
Solomon Islands: Gross domestic product (GDP) was 17.82 billion Domestic currency in 2027. ◆ Volatile
Gross domestic product (GDP) in Solomon Islands, 1963–2027
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
Solomon Islands recorded 17.82 billion Domestic currency for gross domestic product (gdp) in 2027. That is the highest value across all 65 years on record.
That represents a change of up 6.5% on the previous year and up 53.8% over ten years.
Over the whole period, gross domestic product (gdp) in Solomon Islands peaked at 17.82 billion Domestic currency in 2027 and was at its lowest, 20.16 million Domestic currency, in 1963.
That places Solomon Islands 81st out of 86 countries with data for 2027, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Solomon Islands, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 1963 | 20.16 million Domestic currency | — |
| 1964 | 22.47 million Domestic currency | +11.4% |
| 1965 | 25.26 million Domestic currency | +12.4% |
| 1966 | 28.75 million Domestic currency | +13.8% |
| 1967 | 33.04 million Domestic currency | +14.9% |
| 1968 | 36.28 million Domestic currency | +9.8% |
| 1969 | 39.47 million Domestic currency | +8.8% |
| 1970 | 42.79 million Domestic currency | +8.4% |
| 1971 | 47.66 million Domestic currency | +11.4% |
| 1972 | 52.06 million Domestic currency | +9.2% |
| 1973 | 54.57 million Domestic currency | +4.8% |
| 1974 | 68.57 million Domestic currency | +25.6% |
| 1975 | 67.41 million Domestic currency | -1.7% |
| 1976 | 80.53 million Domestic currency | +19.5% |
| 1977 | 93.92 million Domestic currency | +16.6% |
| 1978 | 109.64 million Domestic currency | +16.7% |
| 1979 | 144.01 million Domestic currency | +31.4% |
| 1980 | 151.74 million Domestic currency | +5.4% |
| 1981 | 168.59 million Domestic currency | +11.1% |
| 1982 | 187.33 million Domestic currency | +11.1% |
| 1983 | 208.14 million Domestic currency | +11.1% |
| 1984 | 231.27 million Domestic currency | +11.1% |
| 1985 | 245.10 million Domestic currency | +6.0% |
| 1986 | 257.08 million Domestic currency | +4.9% |
| 1987 | 310.77 million Domestic currency | +20.9% |
| 1988 | 367.55 million Domestic currency | +18.3% |
| 1989 | 396.46 million Domestic currency | +7.9% |
| 1990 | 543.38 million Domestic currency | +37.1% |
| 1991 | 617.72 million Domestic currency | +13.7% |
| 1992 | 787.76 million Domestic currency | +27.5% |
| 1993 | 958.70 million Domestic currency | +21.7% |
| 1994 | 1.33 billion Domestic currency | +38.3% |
| 1995 | 1.60 billion Domestic currency | +20.6% |
| 1996 | 1.82 billion Domestic currency | +13.9% |
| 1997 | 1.96 billion Domestic currency | +7.5% |
| 1998 | 2.20 billion Domestic currency | +12.6% |
| 1999 | 2.36 billion Domestic currency | +7.2% |
| 2000 | 2.14 billion Domestic currency | -9.5% |
| 2001 | 2.16 billion Domestic currency | +1.2% |
| 2002 | 2.34 billion Domestic currency | +8.2% |
| 2003 | 2.65 billion Domestic currency | +13.2% |
| 2004 | 2.98 billion Domestic currency | +12.5% |
| 2005 | 3.59 billion Domestic currency | +20.7% |
| 2006 | 4.10 billion Domestic currency | +14.2% |
| 2007 | 4.75 billion Domestic currency | +15.8% |
| 2008 | 5.42 billion Domestic currency | +14.1% |
| 2009 | 5.93 billion Domestic currency | +9.4% |
| 2010 | 6.83 billion Domestic currency | +15.2% |
| 2011 | 8.02 billion Domestic currency | +17.5% |
| 2012 | 8.72 billion Domestic currency | +8.7% |
| 2013 | 9.39 billion Domestic currency | +7.7% |
| 2014 | 9.85 billion Domestic currency | +4.9% |
| 2015 | 10.35 billion Domestic currency | +5.1% |
| 2016 | 10.96 billion Domestic currency | +5.9% |
| 2017 | 11.59 billion Domestic currency | +5.7% |
| 2018 | 12.85 billion Domestic currency | +10.8% |
| 2019 | 13.23 billion Domestic currency | +3.0% |
| 2020 | 12.62 billion Domestic currency | -4.7% |
| 2021 | 13.11 billion Domestic currency | +3.9% |
| 2022 | 12.97 billion Domestic currency | -1.1% |
| 2023 | 13.78 billion Domestic currency | +6.3% |
| 2024 | 14.67 billion Domestic currency | +6.5% |
| 2025 | 15.67 billion Domestic currency | +6.8% |
| 2026 | 16.73 billion Domestic currency | +6.8% |
| 2027 | 17.82 billion Domestic currency | +6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 29.35 million Domestic currency | 20.16 million Domestic currency | 39.47 million Domestic currency | 7 |
| 1970s | 76.12 million Domestic currency | 42.79 million Domestic currency | 144.01 million Domestic currency | 10 |
| 1980s | 252.40 million Domestic currency | 151.74 million Domestic currency | 396.46 million Domestic currency | 10 |
| 1990s | 1.42 billion Domestic currency | 543.38 million Domestic currency | 2.36 billion Domestic currency | 10 |
| 2000s | 3.60 billion Domestic currency | 2.14 billion Domestic currency | 5.93 billion Domestic currency | 10 |
| 2010s | 10.18 billion Domestic currency | 6.83 billion Domestic currency | 13.23 billion Domestic currency | 10 |
| 2020s | 14.67 billion Domestic currency | 12.62 billion Domestic currency | 17.82 billion Domestic currency | 8 |
Countries ranked near Solomon Islands
- 78 El Salvador 37.90 billion Domestic currency compare
- 79 Cyprus 32.87 billion Domestic currency compare
- 80 Malta 21.27 billion Domestic currency compare
- 82 Barbados 15.27 billion Domestic currency compare
- 83 San Marino 1.79 billion Domestic currency compare
- 84 Micronesia, Federated States of 516.27 million Domestic currency compare
More public sector data for Solomon Islands
- Tax revenue 23.3% (2024)
- Taxes on income, profits and capital gains 22.7% (2024)
- Taxes on goods and services 26.4% (2024)
- Net investment in nonfinancial assets 7.7% (2024)
- Net lending (+) / net borrowing (-) -1.9% (2024)
- Interest payments 1.5% (2024)
- Grants and other revenue 37.4% (2024)
- Interest payments 1.3% (2022)
- Other taxes 0.9% (2020)
- Compensation of employees 47.3% (2022)
Frequently asked questions
- What is gross domestic product (gdp) in Solomon Islands?
- Gross domestic product (gdp) in Solomon Islands was 17.82 billion Domestic currency in 2027, according to International Monetary Fund.
- What is the highest gross domestic product (gdp) recorded in Solomon Islands?
- The highest recorded value was 17.82 billion Domestic currency in 2027.
- What is the lowest gross domestic product (gdp) recorded in Solomon Islands?
- The lowest recorded value was 20.16 million Domestic currency in 1963.
- How does Solomon Islands rank for gross domestic product (gdp)?
- Solomon Islands ranks 81st out of 86 countries with data for 2027.
- Is gross domestic product (gdp) rising or falling in Solomon Islands?
- Over the last ten years it is up 53.8%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP) (Total economy, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Public Sector Balance Sheet (PSBS) Database shows comprehensive estimates of public sector assets and liabilities that formed the basis for the analysis presented in the October 2018 edition of the Fiscal Monitor. The database covers a broad sample of 55 countries, of which 25 countries contain time-series estimated PSBS and the rest for one single-year data compiled as part of Financial Transparency Evaluations and IMF Technical Assistance missions. The PSBS database is compiled on a best-effort basis, using the conceptual framework of the IMF's Government Finance Statistics Manual 2014. Data for the central and general government generally replicate data reported by country authorities in the IMF's Government Finance Statistics database. Data for the central bank generally replicate data reported by country authorities in the IMF's Monetary and Financial Statistics database. Where these data fail to cover all categories of assets and liabilities, they are complemented by other data reported by statistical authorities at the national level. other international organizations, or staff estimates. Data sources for public corporations are country specific and are captured in the country specific metadata documents.