Current account balance as a share of GDP in Solomon Islands
Solomon Islands: Current account balance as a share of GDP was -4.2% in 2024. ◆ Volatile
Current account balance as a share of GDP in Solomon Islands, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share 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 share of gdp in Solomon Islands peaked at 2.2% in 2012 and was at its lowest, -19.5%, in 2002.
That places Solomon Islands 134th out of 193 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 share 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% | +303.7% |
| 2006 | -6.8% | -58.1% |
| 2007 | -11.5% | +68.8% |
| 2008 | -10.2% | -11.1% |
| 2009 | -7.4% | -27.8% |
| 2010 | -16.1% | +116.9% |
| 2011 | -1.8% | -89.0% |
| 2012 | 2.2% | -226.7% |
| 2013 | -3.0% | -234.5% |
| 2014 | -3.7% | +23.7% |
| 2015 | -2.8% | -25.6% |
| 2016 | -3.5% | +28.3% |
| 2017 | -4.3% | +20.6% |
| 2018 | -3.0% | -30.7% |
| 2019 | -9.5% | +221.3% |
| 2020 | -1.6% | -82.9% |
| 2021 | -5.0% | +208.0% |
| 2022 | -14.9% | +196.8% |
| 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)
- Industry (including construction), value added (constant 2015 US$) 8.33 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.1909 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 369.02 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 8.33 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 1.16 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 2,233 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 2.88 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.4692 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is current account balance as a share of gdp in Solomon Islands?
- Current account balance as a share of gdp in Solomon Islands was -4.2% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Solomon Islands?
- The highest recorded value was 2.2% in 2012.
- What is the lowest current account balance as a share 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 share of gdp?
- Solomon Islands ranks 134th out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).