Household consumption — all countries

Household consumption — Solomon Islands

Household consumption in the Solomon Islands in 2024 — 1,297,534,642 US$. Ranked 160 in the world out of 167. Since 2003, the indicator has risen by 364.8%.

2024 1.3B US$ +11.82% vs 2023
World rank 160of 167
Period maximum 1.3B US$2024
Period minimum 279M US$2003

Trend over time

2003–2024 · US$

Household consumption — Solomon Islands, 2003–20240500M1B1.5B200320062009201220152018202120242003: 279,179,674 US$2004: 318,933,700 US$2005: 350,469,935 US$2006: 391,257,603 US$2007: 429,729,391 US$2008: 502,628,758 US$2009: 514,898,743 US$2010: 579,025,075 US$2011: 659,795,369 US$2012: 744,256,454 US$2013: 795,059,924 US$2014: 853,091,781 US$2015: 829,861,755 US$2016: 865,991,986 US$2017: 888,172,577 US$2018: 957,871,149 US$2019: 966,909,776 US$2020: 966,416,482 US$2021: 1,003,308,015 US$2022: 1,038,550,081 US$2023: 1,160,415,562 US$2024: 1,297,534,642 US$
Change over the period: +1.02B (+364.77%) Average annual rate: 7.59 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Solomon Islands

Solomon Islands 1.3B US$
World 63.19T US$
East Asia & Pacific 14.61T US$
Melanesia computed 12.09B US$
Lower-middle-income countries computed 5.09T US$
Household consumption — Solomon Islands, by year Solomon Islands All countries CSV XLSX
Year US$ Change Change, %
2024 1.3B +137M +11.82%
2023 1.16B +122M +11.73%
2022 1.04B +35.24M +3.51%
2021 1B +36.89M +3.82%
2020 966M −493,294 −0.05%
2019 967M +9.04M +0.94%
2018 958M +69.7M +7.85%
2017 888M +22.18M +2.56%
2016 866M +36.13M +4.35%
2015 830M −23.23M −2.72%
2014 853M +58.03M +7.3%
2013 795M +50.8M +6.83%
2012 744M +84.46M +12.8%
2011 660M +80.77M +13.95%
2010 579M +64.13M +12.45%
2009 515M +12.27M +2.44%
2008 503M +72.9M +16.96%
2007 430M +38.47M +9.83%
2006 391M +40.79M +11.64%
2005 350M +31.54M +9.89%
2004 319M +39.75M +14.24%
2003 279M

Melanesia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Household final consumption expenditure in current US dollars — everything people buy for themselves, from food and housing to services. This is the largest part of GDP in almost any country, usually between half and three quarters, and in absolute terms it sets the size of the consumer market. For gauging the capacity of a market the indicator is more useful than GDP: it includes neither government spending nor investment nor exports.

Important: It includes the imputed value of living in owner-occupied housing and other imputed services — computed quantities that statistical offices estimate unevenly.

Source: World Development Indicators (World Bank), license CC BY 4.0.