Solomon Islands's discrepancy in expenditure estimate of GDP (constant LCU) was 818.02 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 79.5% from 455.71 million in 2014 (6.02% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 818.02 million | 2024 |
| Five years earlier | 37.83 million | 2019 |
| Ten years earlier | 455.71 million | 2014 |
| Highest | 818.02 million | 2024 |
| Lowest | 35.77 million | 2018 |
| Average since 2015 | 294.83 million | 2015–2024 |
| First recorded | 183.36 million |
What the numbers say
In 2024, Solomon Islands' discrepancy in expenditure estimate of GDP (constant LCU) rose 29.5% on 2023 (from 631.75 million to 818.02 million).
Across the 11 yearly changes before that (2013 to 2023), the average change was +86.1% and a typical year strayed about 272.7% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 885.7% in 2022 and the biggest yearly fall was 72.7% in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 53.02 million a year. A straight line explains 31% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Solomon Islands had the 3rd highest value of the 14 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Solomon Islands in the 2024 ranking
- Iraq — 1st of 14: 21.03 trillion
- Tajikistan — 2nd of 14: 3.74 billion
- Ghana — 4th of 14: 480.43 million
- Bahrain — 5th of 14: 43.22 million
- Bermuda — 6th of 14: 6.95 million
What this measures
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in constant prices, meaning the underlying series have been adjusted to account for price changes over time. The reference year for this adjustment varies by country.
All 13 values
| Year | Discrepancy in expenditure estimate of GDP (constant LCU) |
|---|---|
| 2024 | 818,017,200 |
| 2023 | 631,749,500 |
| 2022 | 551,618,500 |
| 2021 | 55,960,400 |
| 2020 | 41,695,200 |
| 2019 | 37,829,800 |
| 2018 | 35,769,300 |
| 2017 | 130,881,000 |
| 2016 | 299,256,100 |
| 2015 | 345,510,000 |
Discrepancy in expenditure estimate of GDP (constant LCU) in nearby economies
- Brunei Darussalam — -423.19 million (2025)
- Cambodia — 1.42 trillion (2025)
- Indonesia — 234.87 trillion (2025)
- Japan — 0 (2025)
- Malaysia — -1,000 (2025)
- Marshall Islands — 2.18 million (2024)
- Mongolia — 156.28 billion (2025)
- New Zealand — -2.07 billion (2025)
- Samoa — 85.38 million (2025)
More economic policy & debt data for Solomon Islands
- Grants, excluding technical cooperation (BoP, current US$) — US$191.86 million (2023)
- Technical cooperation grants (BoP, current US$) — US$23.39 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$175.09 million (2023)
- Net official development assistance and official aid received (current US$) — US$243.66 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$243.66 million (2023)
- Net official development assistance received (current US$) — US$243.66 million (2023)
- Net official development assistance received (constant 2023 US$) — US$243.66 million (2023)
- Net ODA received per capita (current US$)
Reading data like this
Questions people ask
- What is Solomon Islands's discrepancy in expenditure estimate of GDP (constant LCU)?
- 818.02 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2012?
- It is up 346.12% from 183.36 million in 2012 (13.27% a year on average, compounded). The highest value was 818.02 million in 2024 and the lowest 35.77 million in 2018.
- How does Solomon Islands rank?
- 3rd highest of 14 economies with data for 2024.
- Is the latest change in discrepancy in expenditure estimate of GDP (constant LCU) unusual for Solomon Islands?
Source
World Bank, World Development Indicators, indicator NY.GDP.DISC.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in