Solomon Islands's final consumption expenditure (% of GDP) was 108.1% in 2024, the latest year in the World Bank's World Development Indicators. That is up 13.71 percentage points from 94.39% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 108.1% | 2024 |
| Five years earlier | 87.34% | 2019 |
| Ten years earlier | 94.39% | 2014 |
| Highest | 228.95% | 1981 |
| Lowest | 83.58% | 2003 |
| Average since 2015 | 93.23% | 2015–2024 |
| First recorded | 228.69% | 1980 |
What the numbers say
In 2024, Solomon Islands' final consumption expenditure (% of GDP) rose 3.23 percentage points on 2023 (from 104.87% to 108.1%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −1.18 percentage points and a typical year strayed about 8.62 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations above 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 61.01 percentage points in 1988 and the biggest yearly fall was 50.34 percentage points in 1986. 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 1.77 percentage points a year. A straight line explains 47% 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 9th highest value of the 36 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
- Tonga — 5th of 36: 119.75%
- Cuba — 6th of 36: 115.71%
- Palau — 7th of 36: 112.94%
- French Polynesia — 9th of 36: 105.71%
- Tajikistan — 10th of 36: 103.96%
- Vanuatu — 11th of 36: 96.6%
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
All 45 values
| Year | Final consumption expenditure (% of GDP) |
|---|---|
| 2024 | 108.1 |
| 2023 | 104.87 |
| 2022 | 97.27 |
| 2021 | 89.28 |
| 2020 | 88.03 |
| 2019 | 87.34 |
| 2018 | 86.13 |
| 2017 | 86.41 |
| 2016 | 91.86 |
| 2015 | 93.02 |
| 2014 |
Final consumption expenditure (% of GDP) in nearby economies
- Australia — 75% (2025)
- Brunei Darussalam — 53.12% (2025)
- Cambodia — 63.91% (2025)
- China — 56.68% (2024)
- Fiji — 89.28% (2024)
- French Polynesia — 105.71% (2024)
- Hong Kong SAR, China — 78.78% (2025)
- Indonesia — 62.76% (2025)
- Japan — 73.21% (2024)
- Kiribati — 162.83% (2024)
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 final consumption expenditure (% of GDP)?
- 108.1% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is down 120.58 percentage points from 228.69% in 1980. The highest value was 228.95% in 1981 and the lowest 83.58% in 2003.
- How does Solomon Islands rank?
- 9th highest of 36 economies with data for 2024.
- Is the latest change in final consumption expenditure (% of GDP) unusual for Solomon Islands?
- In 2024, Solomon Islands' final consumption expenditure (% of GDP) rose 3.23 percentage points on 2023 (from 104.87% to 108.1%). Across the 30 yearly changes before that (1994 to 2023), the average change was −1.18 percentage points and a typical year strayed about 8.62 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.CON.TOTL.ZS, 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.
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