Solomon Islands: Industry, including construction, value added (constant 2015 US$)

Key figures

What the numbers say

In 2024, Solomon Islands' industry, including construction, value added (constant 2015 US$) rose 8.3% on 2023 (from US$279.06 million to US$302.3 million).

Across the 20 yearly changes before that (2004 to 2023), the average change was +3.6% and a typical year strayed about 9% 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 26.8% in 2011 and the biggest yearly fall was 13.1% in 2014. 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 US$8.66 million a year. A straight line explains 83% 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 20th highest value of the 26 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

• Barbados — 16th of 26: US$766.32 million
• Cayman Islands — 17th of 26: US$450.52 million
• Bermuda — 18th of 26: US$397.09 million
• Turks and Caicos Islands — 20th of 26: US$294.66 million
• Vanuatu — 21st of 26: US$144.19 million
• Timor-Leste — 22nd of 26: US$115.48 million

What this measures

Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 is 2015. This indicator is expressed in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 22 values

Industry, including construction, value added (constant 2015 US$) in nearby economies

• Australia — US$367.23 billion (2025)
• Brunei Darussalam — US$8.04 billion (2025)
• Cambodia — US$18.33 billion (2025)
• China — US$7.27 trillion (2025)
• Fiji — US$737.47 million (2025)
• Hong Kong SAR, China — US$21.3 billion (2025)
• Indonesia — US$483.66 billion (2025)
• Japan — US$1.32 trillion (2024)
• Kiribati

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
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Solomon Islands's industry, including construction, value added (constant 2015 US$)?

US$302.3 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is up 103.34% from US$148.67 million in 2003 (3.44% a year on average, compounded). The highest value was US$302.3 million in 2024 and the lowest US$137.65 million in 2005.

How does Solomon Islands rank?

20th highest of 26 economies with data for 2024.

Is the latest change in industry, including construction, value added (constant 2015 US$) unusual for Solomon Islands?

Source

World Bank, World Development Indicators, indicator NV.IND.TOTL.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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