Current account balance as a proportion of GDP in Solomon Islands
Solomon Islands: Current account balance as a proportion of GDP was -4.2% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Solomon Islands, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Solomon Islands is -4.2%, measured in 2024.
That represents a change of up 64.7% on the previous year and down 12.7% over ten years.
Over the whole period, current account balance as a proportion of gdp in Solomon Islands peaked at 2.2% in 2012 and was at its lowest, -19.5%, in 2002.
That places Solomon Islands 140th out of 204 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Solomon Islands, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -9.8% | — |
| 2001 | -15.8% | +62.2% |
| 2002 | -19.5% | +23.2% |
| 2003 | -9.6% | -51.0% |
| 2004 | -4.0% | -57.7% |
| 2005 | -16.3% | +303.5% |
| 2006 | -6.8% | -58.1% |
| 2007 | -11.5% | +68.7% |
| 2008 | -10.3% | -11.1% |
| 2009 | -7.4% | -27.9% |
| 2010 | -16.1% | +117.0% |
| 2011 | -1.8% | -89.0% |
| 2012 | 2.2% | -226.2% |
| 2013 | -3.0% | -234.6% |
| 2014 | -3.7% | +23.8% |
| 2015 | -2.8% | -25.7% |
| 2016 | -3.5% | +28.3% |
| 2017 | -4.3% | +20.8% |
| 2018 | -3.0% | -30.8% |
| 2019 | -9.5% | +221.3% |
| 2020 | -1.6% | -82.8% |
| 2021 | -5.0% | +207.6% |
| 2022 | -14.9% | +196.9% |
| 2023 | -11.8% | -20.6% |
| 2024 | -4.2% | -64.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -11.1% | -19.5% | -4.0% | 10 |
| 2010s | -4.5% | -16.1% | 2.2% | 10 |
| 2020s | -7.5% | -14.9% | -1.6% | 5 |
Countries ranked near Solomon Islands
More economy & growth data for Solomon Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9064 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.96 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 18.78 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.43 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 6,632 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 7.83 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4042 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 781.45 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate -4.68 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.1946 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Solomon Islands?
- Current account balance as a proportion of gdp in Solomon Islands was -4.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Solomon Islands?
- The highest recorded value was 2.2% in 2012.
- What is the lowest current account balance as a proportion of gdp recorded in Solomon Islands?
- The lowest recorded value was -19.5% in 2002.
- How does Solomon Islands rank for current account balance as a proportion of gdp?
- Solomon Islands ranks 140th out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Solomon Islands?
- Over the last ten years it is down 12.7%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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