Solomon Islands: Capital investment, percent of GDP
* indicates monthly or quarterly data series
Solomon Islands |
Capital investment as percent of GDP |
---|---|
Latest value | 23.36 |
Year | 2022 |
Measure | percent |
Data availability | 1980 - 2022 |
Average | 10.78 |
Min - Max | 3.46 - 23.36 |
Source | The World Bank |
The latest value from 2022 is 23.36 percent, an increase from 16.95 percent in 2021. In comparison, the world average is 24.83 percent, based on data from 154 countries. Historically, the average for the Solomon Islands from 1980 to 2022 is 10.78 percent. The minimum value, 3.46 percent, was reached in 1984 while the maximum of 23.36 percent was recorded in 2022.
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The capital investment in the Solomon Islands and other countries is calculated as the purchases of new plant and equipment by firms, as percent of GDP. A high number is good for long-term economic growth as current investment leads to greater future production.
Definition: Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and "work in progress." According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Capital investment, percent of GDP | 23.36 | 2022 | percent |
Capital investment, in dollars | 0.37 | 2022 | billion U.S. dollars |
Household consumption, percent of GDP | 61.73 | 2022 | percent |
Household consumption, in dollars | 0.97 | 2022 | billion U.S. dollars |