Solomon Islands: Gross domestic income (constant LCU)

Key figures

What the numbers say

In 2024, Solomon Islands' gross domestic income (constant LCU) rose 6.9% on 2023 (from 10.87 billion to 11.62 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +2.1% and a typical year strayed about 7.5% from that (the standard deviation). This year's change was 0.6 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 14.5% in 2004 and the biggest yearly fall was 21.7% in 2000. 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 there is no clear straight-line trend: a straight line explains 21% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 22nd highest value of the 29 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

• Kuwait — 18th of 29: 36.28 billion
• Bahrain — 19th of 29: 15.72 billion
• Bahamas, The — 20th of 29: 13.81 billion
• Bermuda — 22nd of 29: 7.25 billion
• Tajikistan — 23rd of 29: 6.04 billion
• Belize — 24th of 29: 5.32 billion

What this measures

Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 45 values

Gross domestic income (constant LCU) in nearby economies

• American Samoa — 648.96 million (2022)
• Australia — 2.69 trillion (2025)
• Brunei Darussalam — 18.84 billion (2025)
• Cambodia — 166.13 trillion (2025)
• Guam — 5.42 billion (2022)
• Hong Kong SAR, China — 3.19 trillion (2025)
• Indonesia — 13,267.8 trillion (2025)
• Japan — 574.71 trillion (2024)
• Kiribati — 382.53 million (2024)
• Korea, Rep. — 2,273.68 trillion (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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Solomon Islands's gross domestic income (constant LCU)?

11.62 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1980?

It is up 164.33% from 4.4 billion in 1980 (2.23% a year on average, compounded). The highest value was 11.62 billion in 2024 and the lowest 4.24 billion in 1982.

How does Solomon Islands rank?

22nd highest of 29 economies with data for 2024.

Is the latest change in gross domestic income (constant LCU) unusual for Solomon Islands?

In 2024, Solomon Islands' gross domestic income (constant LCU) rose 6.9% on 2023 (from 10.87 billion to 11.62 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.1% and a typical year strayed about 7.5% from that (the standard deviation). This year's change was 0.6 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 NY.GDY.TOTL.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.

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