Solomon Islands Household Consumption to GDP
Household final consumption expenditure as a share of GDP.
Household Consumption to GDP in the Solomon Islands increased to 81.92 percent of GDP in 2024 from 77.05 percent of GDP in 2023.
Solomon Islands Household Consumption to GDP — History
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Solomon Islands Household Consumption to GDP — analysis in simple words
Latest reading
Household Consumption to GDP in the Solomon Islands increased to 81.92 percent of GDP in 2024 from 77.05 percent of GDP in 2023.
It has risen in each of the last three years.
Recent trend
A year earlier (2023) it was 77.0%, so the latest figure is 4.9 percentage points higher.
Over the past five years the average was 71.4%, with a range from 62.9% to 81.9%. The latest value is above that five-year average.
Historical context
This data series starts in 2003 and has 22 annual observations. The latest reading is higher than 95% of all of them.
The highest value on record is 81.9% (2024) and the lowest is 59.3% (2018). The long-run average is 65.0%.
Compared with other countries
Among 178 economies with recent data, Solomon Islands ranks 28th from the top. The median across all these economies is 63.1%, so Solomon Islands is above the typical country.
Within East Asia & Pacific (30 economies with data) it ranks 4th; the regional median is 63.7%.
Statistics
- Latest
- 81.9%2024
- Previous
- 77.0%
- 5-year average
- 71.4%
- Long-run average
- 65.0%since 2003
- All-time high
- 81.9%2024
- All-time low
- 59.3%2018
- Observations
- 22Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | 81.9% | ▲ +4.9 pp |
| 2023 | 77.0% | ▲ +6.2 pp |
| 2022 | 70.8% | ▲ +6.4 pp |
| 2021 | 64.4% | ▲ +1.5 pp |
| 2020 | 62.9% | ▲ +3.2 pp |
| 2019 | 59.7% | ▲ +0.4 pp |
| 2018 | 59.3% | ▼ −1.1 pp |
| 2017 | 60.4% | ▼ −2.3 pp |
| 2016 | 62.8% | ▼ −0.7 pp |
| 2015 | 63.4% | ▼ −0.4 pp |
| 2014 | 63.9% | ▲ +2.0 pp |
| 2013 | 61.8% | ▼ −1.0 pp |
| 2012 | 62.8% | ▲ +0.8 pp |
| 2011 | 62.0% | ▼ −2.5 pp |
| 2010 | 64.5% | ▲ +0.6 pp |
| 2009 | 63.9% | ▼ −0.8 pp |
| 2008 | 64.7% | ▲ +2.9 pp |
| 2007 | 61.8% | ▼ −1.6 pp |
| 2006 | 63.4% | ▼ −0.0 pp |
| 2005 | 63.4% | ▼ −4.8 pp |
| 2004 | 68.1% | ▲ +1.3 pp |
| 2003 | 66.8% |
Household Consumption to GDP — Solomon Islands vs Peers
Latest available reading for each economy (periods may differ). Solomon Islands highlighted.
More Solomon Islands indicators
Understanding Household Consumption to GDP — a simple guide
What it measures
Household final consumption expenditure as a share of GDP.
How it is calculated
Household spending on goods and services ÷ GDP × 100.
A ratio of 60% means households account for 60% of total demand.
Consumption-led economies depend on household income and confidence.
A low share usually means investment or exports drive the economy.
Why it matters for the economy and markets
Consumption is the largest component of demand in most economies.
How to read it
Economies with high consumption shares are more sensitive to household income, credit and confidence.
Data source
World Bank — World Development Indicators (series NE.CON.PRVT.ZS), annual data from 2003 to 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current household consumption to gdp of Solomon Islands?
What is the highest and lowest household consumption to gdp of Solomon Islands?
What does household consumption to gdp measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.