Solomon Islands - Gross value added at factor cost

Gross value added at factor cost (current US$)

The latest value for Gross value added at factor cost (current US$) in Solomon Islands was $448,754,800 as of 2006. Over the past 35 years, the value for this indicator has fluctuated between $539,266,600 in 1997 and $39,054,100 in 1972.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1971 $48,464,160
1972 $39,054,100
1973 $53,146,260
1974 $80,813,870
1975 $71,868,050
1976 $80,043,990
1977 $89,376,800
1978 $106,558,300
1979 $143,649,000
1980 $160,515,300
1981 $176,977,700
1982 $176,809,000
1983 $170,387,500
1984 $241,184,200
1985 $220,966,600
1986 $199,425,800
1987 $227,026,400
1988 $294,115,300
1989 $315,884,700
1990 $285,868,700
1991 $302,895,200
1992 $354,871,700
1993 $377,482,200
1994 $437,260,700
1995 $491,734,900
1996 $537,068,200
1997 $539,266,600
1998 $447,753,100
1999 $456,398,200
2000 $416,553,700
2001 $407,583,100
2002 $335,682,800
2003 $325,304,100
2004 $366,948,600
2005 $405,901,800
2006 $448,754,800

Gross value added at factor cost (current LCU)

The value for Gross value added at factor cost (current LCU) in Solomon Islands was 3,414,800,000 as of 2006. As the graph below shows, over the past 35 years this indicator reached a maximum value of 3,414,800,000 in 2006 and a minimum value of 32,700,000 in 1972.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1971 42,600,000
1972 32,700,000
1973 37,500,000
1974 56,400,000
1975 54,900,000
1976 65,500,000
1977 80,600,000
1978 93,100,000
1979 124,400,000
1980 133,200,000
1981 154,000,000
1982 171,700,000
1983 195,700,000
1984 307,200,000
1985 327,200,000
1986 347,300,000
1987 454,800,000
1988 612,500,000
1989 724,400,000
1990 722,900,000
1991 822,300,000
1992 1,039,100,000
1993 1,203,300,000
1994 1,439,200,000
1995 1,674,800,000
1996 1,915,400,000
1997 2,004,400,000
1998 2,156,200,000
1999 2,208,100,000
2000 2,119,800,000
2001 2,151,224,000
2002 2,265,456,000
2003 2,441,700,000
2004 2,746,500,000
2005 3,056,400,000
2006 3,414,800,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts