Current account balance (BoP, current US$) in Solomon Islands
Solomon Islands: Current account balance (BoP, current US$) was -66.23 million BoP, current US$ in 2024. ◆ Volatile
Current account balance in Solomon Islands, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, current account balance in Solomon Islands stood at -66.23 million BoP, current US$.
That represents a change of up 62.8% on the previous year and down 33.6% over ten years.
Over the whole period, current account balance in Solomon Islands peaked at 26.39 million BoP, current US$ in 2012 and was at its lowest, -218.53 million BoP, current US$, in 2022.
That places Solomon Islands 85th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$) in Solomon Islands, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1975 | -12.57 million BoP, current US$ | — |
| 1976 | 1.71 million BoP, current US$ | -113.6% |
| 1977 | 5.77 million BoP, current US$ | +237.0% |
| 1978 | 3.32 million BoP, current US$ | -42.4% |
| 1979 | 10.28 million BoP, current US$ | +209.6% |
| 1980 | -12.17 million BoP, current US$ | -218.4% |
| 1981 | -26.55 million BoP, current US$ | +118.1% |
| 1982 | -25.02 million BoP, current US$ | -5.7% |
| 1983 | -13.58 million BoP, current US$ | -45.7% |
| 1984 | 1.33 million BoP, current US$ | -109.8% |
| 1985 | -27.82 million BoP, current US$ | -2184.6% |
| 1986 | -2.35 million BoP, current US$ | -91.5% |
| 1987 | -4.28 million BoP, current US$ | +81.9% |
| 1988 | -27.85 million BoP, current US$ | +550.3% |
| 1989 | -33.23 million BoP, current US$ | +19.3% |
| 1990 | -27.76 million BoP, current US$ | -16.5% |
| 1991 | -35.84 million BoP, current US$ | +29.1% |
| 1992 | 1.30 million BoP, current US$ | -103.6% |
| 1993 | -7.65 million BoP, current US$ | -689.8% |
| 1994 | -3.43 million BoP, current US$ | -55.1% |
| 1995 | 8.34 million BoP, current US$ | -342.9% |
| 1996 | 14.58 million BoP, current US$ | +74.9% |
| 1997 | -37.91 million BoP, current US$ | -360.0% |
| 1998 | 8.12 million BoP, current US$ | -121.4% |
| 1999 | 21.48 million BoP, current US$ | +164.5% |
| 2000 | -40.97 million BoP, current US$ | -290.8% |
| 2001 | -64.84 million BoP, current US$ | +58.3% |
| 2002 | -67.58 million BoP, current US$ | +4.2% |
| 2003 | -39.92 million BoP, current US$ | -40.9% |
| 2004 | -18.92 million BoP, current US$ | -52.6% |
| 2005 | -90.20 million BoP, current US$ | +376.7% |
| 2006 | -42.18 million BoP, current US$ | -53.2% |
| 2007 | -80.17 million BoP, current US$ | +90.1% |
| 2008 | -79.60 million BoP, current US$ | -0.7% |
| 2009 | -59.59 million BoP, current US$ | -25.1% |
| 2010 | -144.16 million BoP, current US$ | +141.9% |
| 2011 | -18.77 million BoP, current US$ | -87.0% |
| 2012 | 26.39 million BoP, current US$ | -240.6% |
| 2013 | -38.55 million BoP, current US$ | -246.1% |
| 2014 | -49.57 million BoP, current US$ | +28.6% |
| 2015 | -36.07 million BoP, current US$ | -27.2% |
| 2016 | -48.80 million BoP, current US$ | +35.3% |
| 2017 | -62.83 million BoP, current US$ | +28.7% |
| 2018 | -47.82 million BoP, current US$ | -23.9% |
| 2019 | -154.00 million BoP, current US$ | +222.1% |
| 2020 | -25.06 million BoP, current US$ | -83.7% |
| 2021 | -78.19 million BoP, current US$ | +212.0% |
| 2022 | -218.53 million BoP, current US$ | +179.5% |
| 2023 | -178.20 million BoP, current US$ | -18.5% |
| 2024 | -66.23 million BoP, current US$ | -62.8% |
Solomon Islands compared with similar countries
- Solomon Islands's -66.23 million BoP, current US$ is above the median for lower middle income countries, which is -203.16 million BoP, current US$, 33% of the median. (47 countries reporting)
- Solomon Islands's -66.23 million BoP, current US$ is below the median for East Asia & Pacific, which is 22.41 million BoP, current US$. (33 countries reporting)
Biggest year-on-year movements
Years where Current account balance (BoP, current US$) in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | -2184.6% | 1.33 million BoP, current US$ | -27.82 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.70 million BoP, current US$ | -12.57 million BoP, current US$ | 10.28 million BoP, current US$ | 5 |
| 1980s | -17.15 million BoP, current US$ | -33.23 million BoP, current US$ | 1.33 million BoP, current US$ | 10 |
| 1990s | -5.88 million BoP, current US$ | -37.91 million BoP, current US$ | 21.48 million BoP, current US$ | 10 |
| 2000s | -58.40 million BoP, current US$ | -90.20 million BoP, current US$ | -18.92 million BoP, current US$ | 10 |
| 2010s | -57.42 million BoP, current US$ | -154.00 million BoP, current US$ | 26.39 million BoP, current US$ | 10 |
| 2020s | -113.24 million BoP, current US$ | -218.53 million BoP, current US$ | -25.06 million BoP, current US$ | 5 |
Countries ranked near Solomon Islands
- 82 Tonga -29.95 million BoP, current US$ compare
- 83 Chad -37.74 million BoP, current US$ compare
- 84 Kiribati -53.17 million BoP, current US$ compare
- 86 Gambia -75.90 million BoP, current US$ compare
- 87 Sao Tome and Principe -91.58 million BoP, current US$ compare
- 88 Belize -92.27 million BoP, current US$ compare
More economy & growth data for Solomon Islands
- Real gdp growth, annual growth rate 5.53 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -99.65 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 7.33 units per person (2025)
- SDRs holdings, SDR, annual growth rate -99.64 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5.36 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -12.23 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Solomon Islands?
- Current account balance in Solomon Islands was -66.23 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Solomon Islands?
- The highest recorded value was 26.39 million BoP, current US$ in 2012.
- What is the lowest current account balance recorded in Solomon Islands?
- The lowest recorded value was -218.53 million BoP, current US$ in 2022.
- How does Solomon Islands rank for current account balance?
- Solomon Islands ranks 85th out of 200 countries with data for 2024.
- Is current account balance rising or falling in Solomon Islands?
- Over the last ten years it is down 33.6%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.