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

Solomon Islands GDP: Gross Value Added at Factor Cost: Services data was reported at 6,283.718 SBD mn in 2024. This records an increase from the previous number of 6,050.590 SBD mn for 2023. Solomon Islands GDP: Gross Value Added at Factor Cost: Services data is updated yearly, averaging 4,711.804 SBD mn from Dec 2003 (Median) to 2024, with 22 observations. The data reached an all-time high of 6,507.403 SBD mn in 2019 and a record low of 1,169.103 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 industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and retaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);;

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