Solomon Islands: Share of services

* indicates monthly or quarterly data series
 Solomon Islands

Value added in the services sector as percent of GDP

 Latest value 47.32
 Year 2022
 Measure percent
 Data availability 2003 - 2022
 Average 47.12
 Min - Max 37.29 - 51.09
 Source The World Bank
The latest value from 2022 is 47.32 percent, an increase from 46.7 percent in 2021. In comparison, the world average is 54.52 percent, based on data from 177 countries. Historically, the average for the Solomon Islands from 2003 to 2022 is 47.12 percent. The minimum value, 37.29 percent, was reached in 2003 while the maximum of 51.09 percent was recorded in 2015. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Solomon Islands - Share of services - Recent values chart

Historical series
Solomon Islands - Share of services - historical chart - 2003-2022




The importance of services in the economy of the Solomon Islands and other countries is measured as the value added of services as percent of GDP. The services sector includes wholesale and retail trade, transport, financial services, education, health care, and real estate.
Definition: Services correspond to ISIC divisions 50-99 and 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, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 or 4.

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 Related indicators Latest Reference Measure
 Share of industry 18.66 2022 percent
 Share of manufacturing 8.21 2022 percent
 Share of services 47.32 2022 percent
 Industry value added 0.29 2022 billion U.S. dollars
 Manufacturing value added 0.13 2022 billion U.S. dollars
 Services value added 0.74 2022 billion U.S. dollars
 Savings, percent of GDP 17.54 2022 percent
 Savings, in dollars 0.27 2022 billion U.S. dollars
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