External balance on goods and services as a percent of GDP in Solomon Islands
Solomon Islands: External balance on goods and services as a percent of GDP was -30.2% in 2024. ◆ Volatile
External balance on goods and services as a percent of GDP in Solomon Islands, 1980–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services as a percent of gdp in Solomon Islands is -30.2%, measured in 2024.
Compared with earlier readings it is down 5.6% on the previous year and down 244.1% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Solomon Islands peaked at 3.8% in 1999 and was at its lowest, -69.4%, in 1989.
Solomon Islands ranks 170th of 191 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | -47.5% | — |
| 1981 | -47.5% | -0.0% |
| 1982 | -47.5% | +0.1% |
| 1983 | -47.6% | +0.1% |
| 1984 | -39.3% | -17.3% |
| 1985 | -47.3% | +20.3% |
| 1986 | -40.5% | -14.5% |
| 1987 | -43.4% | +7.4% |
| 1988 | -68.0% | +56.6% |
| 1989 | -69.4% | +2.0% |
| 1990 | -49.7% | -28.4% |
| 1991 | -62.7% | +26.1% |
| 1992 | -42.7% | -31.9% |
| 1993 | -43.6% | +2.2% |
| 1994 | -37.6% | -13.9% |
| 1995 | -24.1% | -35.7% |
| 1996 | -8.5% | -64.7% |
| 1997 | -10.3% | +20.7% |
| 1998 | -2.1% | -79.7% |
| 1999 | 3.8% | -280.6% |
| 2000 | -4.4% | -215.5% |
| 2001 | -10.0% | +130.7% |
| 2002 | -2.1% | -79.1% |
| 2003 | -12.0% | +470.6% |
| 2004 | -13.1% | +9.1% |
| 2005 | -12.0% | -8.2% |
| 2006 | -15.7% | +30.8% |
| 2007 | -19.5% | +24.2% |
| 2008 | -17.9% | -8.0% |
| 2009 | -13.6% | -24.1% |
| 2010 | -25.8% | +90.4% |
| 2011 | -6.9% | -73.1% |
| 2012 | -5.0% | -28.0% |
| 2013 | -7.7% | +54.8% |
| 2014 | -8.8% | +13.4% |
| 2015 | -7.5% | -15.0% |
| 2016 | -6.1% | -18.4% |
| 2017 | -4.8% | -20.6% |
| 2018 | -4.2% | -12.3% |
| 2019 | -10.0% | +135.8% |
| 2020 | -4.3% | -56.6% |
| 2021 | -14.3% | +229.4% |
| 2022 | -18.6% | +29.8% |
| 2023 | -28.6% | +54.1% |
| 2024 | -30.2% | +5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -49.8% | -69.4% | -39.3% | 10 |
| 1990s | -27.7% | -62.7% | 3.8% | 10 |
| 2000s | -12.0% | -19.5% | -2.1% | 10 |
| 2010s | -8.7% | -25.8% | -4.2% | 10 |
| 2020s | -19.2% | -30.2% | -4.3% | 5 |
Countries ranked near Solomon Islands
- 167 French Polynesia -27.8% compare
- 168 Curaçao -28.8% compare
- 169 Republic of Moldova -29.2% compare
- 171 American Samoa -30.8% compare
- 172 Palestine, State of -32.3% compare
- 173 Lebanon -35.6% compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 52.88 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0334 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 64.55 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -58.21 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0208 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in Solomon Islands?
- External balance on goods and services as a percent of gdp in Solomon Islands was -30.2% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Solomon Islands?
- The highest recorded value was 3.8% in 1999.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Solomon Islands?
- The lowest recorded value was -69.4% in 1989.
- How does Solomon Islands rank for external balance on goods and services as a percent of gdp?
- Solomon Islands ranks 170th out of 191 countries with data for 2024.
- Is external balance on goods and services as a percent of gdp rising or falling in Solomon Islands?
- Over the last ten years it is down 244.1%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.