[ Nominal GDP in billions of USD ]
Year -
$1.58 billions
Solomon Islands GDP expanded from 1967 to 2024, increasing from $0.03 billion to $1.58 billion.The compound annual growth rate (CAGR) averaged 7.2% over the period. The economy recorded its peak level in 2018 and its lowest level in 1967. Growth volatility remained high. The maximum drawdown reached 33.96%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 1.58 Billions | $ 2.19 Int Billions |
| Growth (YoY) | 5.168% | 5.488% |
| Net Change vs Previous Year | $ 0.08 Billion | $ 0.11 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | 0.03 | - | - | - | - | - |
| 1968 | 0.03 | 0 | 11.43 % | - | - | - |
| 1969 | 0.03 | 0 | 1.859 % | - | - | - |
| 1970 | - | - | - | - | - | - |
| 1971 | 0.05 | 0.02 | 74.985 % | - | - | - |
| 1972 | 0.04 | -0.01 | -18.879 % | - | - | - |
| 1973 | 0.06 | 0.01 | 36.116 % | - | - | - |
| 1974 | 0.08 | 0.03 | 52.951 % | - | - | - |
| 1975 | 0.07 | -0.01 | -11.733 % | - | - | - |
| 1976 | 0.08 | 0.01 | 11.365 % | - | - | - |
| 1977 | 0.09 | 0.01 | 12.087 % | - | - | - |
| 1978 | 0.11 | 0.02 | 19.198 % | - | - | - |
| 1979 | 0.15 | 0.04 | 36.251 % | - | - | - |
| 1980 | 0.18 | 0.03 | 20.873 % | - | - | - |
| 1981 | 0.19 | 0.01 | 5.96 % | - | - | - |
| 1982 | 0.19 | 0 | -0.438 % | - | - | - |
| 1983 | 0.18 | -0.01 | -6.056 % | - | - | - |
| 1984 | 0.18 | 0 | 0.193 % | - | - | - |
| 1985 | 0.17 | -0.02 | -8.837 % | - | - | - |
| 1986 | 0.15 | -0.02 | -10.817 % | - | - | - |
| 1987 | 0.16 | 0.01 | 5.086 % | - | - | - |
| 1988 | 0.18 | 0.02 | 13.773 % | - | - | - |
| 1989 | 0.17 | 0 | -2.047 % | - | - | - |
| 1990 | 0.21 | 0.04 | 24.291 % | 0.42 | - | - |
| 1991 | 0.23 | 0.01 | 5.893 % | 0.46 | 0.04 | 9.585 % |
| 1992 | 0.27 | 0.04 | 18.236 % | 0.53 | 0.07 | 15.268 % |
| 1993 | 0.3 | 0.03 | 11.787 % | 0.56 | 0.03 | 6.465 % |
| 1994 | 0.4 | 0.1 | 33.946 % | 0.62 | 0.06 | 10.408 % |
| 1995 | 0.47 | 0.07 | 16.534 % | 0.7 | 0.08 | 12.397 % |
| 1996 | 0.51 | 0.04 | 8.764 % | 0.72 | 0.02 | 3.47 % |
| 1997 | 0.53 | 0.02 | 3.127 % | 0.73 | 0.01 | 0.795 % |
| 1998 | 0.46 | -0.07 | -13.099 % | 0.75 | 0.02 | 2.43 % |
| 1999 | 0.49 | 0.03 | 6.653 % | 0.76 | 0.01 | 0.922 % |
| 2000 | 0.42 | -0.07 | -13.971 % | 0.66 | -0.09 | -12.335 % |
| 2001 | 0.41 | -0.01 | -2.461 % | 0.62 | -0.04 | -5.884 % |
| 2002 | 0.35 | -0.06 | -15.409 % | 0.61 | -0.01 | -1.289 % |
| 2003 | 0.42 | 0.07 | 20.571 % | 0.67 | 0.05 | 8.627 % |
| 2004 | 0.47 | 0.05 | 12.051 % | 0.74 | 0.07 | 10.579 % |
| 2005 | 0.55 | 0.08 | 18.137 % | 0.82 | 0.08 | 10.725 % |
| 2006 | 0.62 | 0.06 | 11.644 % | 0.88 | 0.06 | 7.349 % |
| 2007 | 0.7 | 0.08 | 12.642 % | 0.93 | 0.06 | 6.448 % |
| 2008 | 0.78 | 0.08 | 11.656 % | 1.01 | 0.08 | 8.273 % |
| 2009 | 0.81 | 0.03 | 3.764 % | 1.05 | 0.04 | 3.499 % |
| 2010 | 0.9 | 0.09 | 11.492 % | 1.16 | 0.12 | 11.041 % |
| 2011 | 1.06 | 0.17 | 18.457 % | 1.28 | 0.11 | 9.647 % |
| 2012 | 1.19 | 0.12 | 11.403 % | 1.33 | 0.06 | 4.374 % |
| 2013 | 1.29 | 0.1 | 8.495 % | 1.42 | 0.09 | 7.028 % |
| 2014 | 1.34 | 0.05 | 3.863 % | 1.47 | 0.04 | 2.952 % |
| 2015 | 1.31 | -0.03 | -2.072 % | 1.51 | 0.04 | 2.619 % |
| 2016 | 1.38 | 0.07 | 5.473 % | 1.6 | 0.1 | 6.558 % |
| 2017 | 1.47 | 0.09 | 6.546 % | 1.68 | 0.08 | 4.921 % |
| 2018 | 1.62 | 0.15 | 9.912 % | 1.77 | 0.09 | 5.1 % |
| 2019 | 1.62 | 0 | 0.228 % | 1.83 | 0.06 | 3.429 % |
| 2020 | 1.54 | -0.08 | -5.127 % | 1.79 | -0.04 | -2.097 % |
| 2021 | 1.56 | 0.02 | 1.443 % | 1.87 | 0.08 | 4.328 % |
| 2022 | 1.47 | -0.09 | -5.881 % | 1.95 | 0.08 | 4.361 % |
| 2023 | 1.51 | 0.04 | 2.69 % | 2.08 | 0.13 | 6.542 % |
| 2024 | 1.58 | 0.08 | 5.168 % | 2.19 | 0.11 | 5.488 % |
Between 1967 to 2024, Solomon Islands experienced the following economic phases:
The most remarkable growth occurred in 1971 with an increase of 74.985%, while the largest decline was in 1972 at -18.879%.