Solomon Islands GDP: Gross Value Added at Factor Cost: Services

2003 - 2020 | Yearly | SBD mn | World Bank

Solomon Islands GDP: Gross Value Added at Factor Cost: Services data was reported at 6,136.400 SBD mn in 2020. This records a decrease from the previous number of 6,507.400 SBD mn for 2019. Solomon Islands GDP: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 3,953.450 SBD mn from Dec 2003 (Median) to 2020, with 18 observations. The data reached an all-time high of 6,507.400 SBD mn in 2019 and a record low of 1,169.100 SBD mn in 2003. Solomon Islands GDP: Gross Value Added at Factor Cost: Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Solomon Islands – Table SB.World Bank.WDI: Gross Domestic Product: Nominal. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges and import duties. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;Note: Data for OECD countries are based on ISIC, revision 4.

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Solomon Islands Solomon Islands GDP: Gross Value Added at Factor Cost: Services
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Solomon Islands Solomon Islands GDP: Gross Value Added at Factor Cost: Services

What was Solomon Islands's Solomon Islands GDP: Gross Value Added at Factor Cost: Services in 2020?

Last Previous Min Max Unit Frequency Range
6,136.400 2020 6,507.400 2019 1,169.100 2003 6,507.400 2019 SBD mn yearly 2003 - 2020

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Solomon Islands Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 2,710.143 2028 yearly 1980 - 2028
Forecast: Nominal GDP Per Capita (USD) 2,761.300 2027 yearly 1980 - 2027
Forecast: Real GDP Growth (%) 3.005 2027 yearly 1980 - 2027
Government and Public Finance Last Frequency Range
Forecast: Government Expenditure (SBD bn) 6.378 2029 yearly 1980 - 2029
Forecast: Government Net Debt (SBD bn) 5.554 2029 yearly 1997 - 2029
Forecast: Government Revenue (SBD bn) 5.779 2029 yearly 1980 - 2029
Demographic and Labour Market Last Frequency Range
Forecast: Population (Person mn) 0.836 2028 yearly 1980 - 2028
Forecast: Unemployment Rate (%) 0.000 yearly -
Inflation Last Frequency Range
Forecast: Consumer Price Index Growth (%) 3.239 2028 yearly 1980 - 2028
Balance of Payments Last Frequency Range
Forecast: Current Account Balance (USD bn) -0.186 2029 yearly 1980 - 2029

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