Solomon Islands's households and NPISHs final consumption expenditure, linked series (current LCU) was 10.97 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 74.36% from 6.29 billion in 2014 (5.72% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 10.97 billion | 2024 |
| Five years earlier | 7.9 billion | 2019 |
| Ten years earlier | 6.29 billion | 2014 |
| Highest | 10.97 billion | 2024 |
| Lowest | 2.1 billion | 2003 |
| Average since 2015 | 8.11 billion | 2015–2024 |
| First recorded | 2.1 billion |
What the numbers say
In 2024, Solomon Islands' households and NPISHs final consumption expenditure, linked series (current LCU) rose 12.9% on 2023 (from 9.72 billion to 10.97 billion).
Across the 20 yearly changes before that (2004 to 2023), the average change was +8.1% and a typical year strayed about 4.8% from that (the standard deviation). This year's change was 1.0 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 18.4% in 2008. 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 413.02 million a year. A straight line explains 86% 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.
A straight-line projection, tested first
Extending that straight line gives about 11.04 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 877.39 million, against 1.66 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Solomon Islands had the 22nd highest value of the 33 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 — 19th of 33: 20.52 billion
- Oman — 20th of 33: 16.12 billion
- Faroe Islands — 21st of 33: 11.35 billion
- Bahamas, The — 23rd of 33: 10.18 billion
- Fiji — 24th of 33: 9.53 billion
- Bahrain — 25th of 33: 7.07 billion
What this measures
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 22 values
| Year | Households and NPISHs final consumption expenditure, linked series (current LCU) |
|---|---|
| 2024 | 10,970,442,600 |
| 2023 | 9,719,173,100 |
| 2022 | 8,469,925,300 |
| 2021 | 8,056,666,700 |
| 2020 | 7,937,577,700 |
| 2019 | 7,902,939,400 |
| 2018 | 7,617,475,100 |
| 2017 | 7,005,363,500 |
| 2016 | 6,883,036,800 |
| 2015 | 6,568,097,700 |
Households and NPISHs final consumption expenditure, linked series (current LCU) in nearby economies
- American Samoa — 621 million (2022)
- Australia — 1.44 trillion (2025)
- Brunei Darussalam — 5.76 billion (2025)
- Cambodia — 119.86 trillion (2025)
- China — 53.88 trillion (2024)
- Fiji — 9.53 billion (2024)
- Guam — 4.14 billion (2022)
- Hong Kong SAR, China — 2.21 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
Questions people ask
- What is Solomon Islands's households and NPISHs final consumption expenditure, linked series (current LCU)?
- 10.97 billion in 2024, according to the World Bank (World Development Indicators).
Source
World Bank, World Development Indicators, indicator NE.CON.PRVT.CN.AD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD); World Economic Outlook database, International Monetary Fund (IMF) 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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