Solomon Islands: GDP (current US$)
In , Solomon Islands's GDP (current US$) was $1.58 billion.
That's up 5.2% from 2023, the highest value since .
The global average for this indicator in 2024 was $572.20 billion . Solomon Islands ranks #180 globally out of 192 reporting countries. Within East Asia & Pacific, it ranks #24 of 30.
Source: World Bank Open Data (NY.GDP.MKTP.CD) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- $1.62B
- Trough
- 552.88M
- 1-year change
- +5.2%
- 5-year change
- -2.2%
- -0.4% / yr
- 10-year change
- +18.6%
- +1.7% / yr
Real vs nominal growth
Over the last 10 years, Solomon Islands's nominal GDP (current US$) changed by +18.6%, while real (inflation-adjusted) GDP (constant 2015 US$) changed by +15.0%. The +3.6 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.
Historical Data — Last 10 Years
| Year | GDP (current US$) |
|---|---|
| 1.584B | |
| 1.506B | |
| 1.467B | |
| 1.558B | |
| 1.536B | |
| 1.619B | |
| 1.615B | |
| 1.470B | |
| 1.379B | |
| 1.308B |
About GDP (current US$)
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Indicator code: NY.GDP.MKTP.CD • Category: Economy
Frequently asked questions
- What was Solomon Islands's GDP (current US$) in 2024?
- In 2024, Solomon Islands's GDP (current US$) was $1.58 billion, according to World Bank Open Data.
- Is Solomon Islands's GDP (current US$) rising or falling?
- Solomon Islands's GDP (current US$) rose 5.2% from 2023 to 2024.
- How does Solomon Islands rank globally on GDP (current US$)?
- In 2024, Solomon Islands ranked #180 out of 192 countries reporting GDP (current US$).
- How does Solomon Islands's GDP (current US$) compare to the world average?
- The global average for GDP (current US$) in 2024 was $572.20 billion, so Solomon Islands is below the world average. Within East Asia & Pacific, it ranks #24 of 30.
- What is GDP (current US$) and how is it measured?
- Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Source: World Bank Open Data (NY.GDP.MKTP.CD), CC BY 4.0.