Solomon Islands's manufacturing, value added (constant LCU) was 834.12 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 18.1% from 706.27 million in 2014 (1.68% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 834.12 million | 2024 |
| Five years earlier | 818.9 million | 2019 |
| Ten years earlier | 706.27 million | 2014 |
| Highest | 834.12 million | 2024 |
| Lowest | 533.98 million | 2005 |
| Average since 2015 | 776.9 million | 2015–2024 |
| First recorded | 564.63 million |
What the numbers say
In 2024, Solomon Islands' manufacturing, value added (constant LCU) rose 3.7% on 2023 (from 804.55 million to 834.12 million).
Across the 20 yearly changes before that (2004 to 2023), the average change was +2.1% and a typical year strayed about 8.7% from that (the standard deviation). This year's change was 0.2 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 22.7% in 2007 and the biggest yearly fall was 12.4% in 2015. 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 15.11 million a year. A straight line explains 45% 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 26th highest value of the 37 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
- Suriname — 22nd of 37: 2.08 billion
- Gambia, The — 23rd of 37: 1.41 billion
- Papua New Guinea — 24th of 37: 1.17 billion
- Barbados — 26th of 37: 747.19 million
- Montenegro — 27th of 37: 178.06 million
- Andorra — 28th of 37: 93.83 million
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 varies by country. This series is expressed in local currency units.
All 22 values
| Year | Manufacturing, value added (constant LCU) |
|---|---|
| 2024 | 834,122,700 |
| 2023 | 804,546,300 |
| 2022 | 777,914,400 |
| 2021 | 802,437,900 |
| 2020 | 792,301,100 |
| 2019 | 818,903,500 |
| 2018 | 816,696,500 |
| 2017 | 813,202,200 |
| 2016 | 690,224,300 |
| 2015 | 618,678,300 |
| 2014 |
Manufacturing, value added (constant LCU) in nearby economies
- Australia — 140.95 billion (2025)
- Brunei Darussalam — 1.61 billion (2025)
- Cambodia — 51.22 trillion (2025)
- Fiji — 1.15 billion (2025)
- Hong Kong SAR, China — 29.35 billion (2025)
- Indonesia — 2,757.59 trillion (2025)
- Japan — 110.99 trillion (2024)
- Kiribati — 16.53 million (2024)
- Korea, Rep. — 623.3 trillion (2025)
- Lao PDR — 14.51 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 manufacturing, value added (constant LCU)?
- 834.12 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2003?
- It is up 47.73% from 564.63 million in 2003 (1.88% a year on average, compounded). The highest value was 834.12 million in 2024 and the lowest 533.98 million in 2005.
- How does Solomon Islands rank?
- 26th highest of 37 economies with data for 2024.
- Is the latest change in manufacturing, value added (constant LCU) unusual for Solomon Islands?
- In 2024, Solomon Islands' manufacturing, value added (constant LCU) rose 3.7% on 2023 (from 804.55 million to 834.12 million). Across the 20 yearly changes before that (2004 to 2023), the average change was +2.1% and a typical year strayed about 8.7% from that (the standard deviation). This year's change was 0.2 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 NV.IND.MANF.KN, 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.
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