External balance on goods and services in Solomon Islands
Solomon Islands: External balance on goods and services was -4.73 billion constant LCU in 2024. ◆ Volatile
External balance on goods and services in Solomon Islands, 2012–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for external balance on goods and services in Solomon Islands is -4.73 billion constant LCU, measured in 2024. That is the lowest value across all 13 years on record.
That represents a change of down 20.4% on the previous year and down 348.2% over ten years.
Over the whole period, external balance on goods and services in Solomon Islands peaked at -436.00 million constant LCU in 2012 and was at its lowest, -4.73 billion constant LCU, in 2024.
Solomon Islands ranks 88th of 161 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Solomon Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2012 | -436.00 million constant LCU | — |
| 2013 | -690.51 million constant LCU | +58.4% |
| 2014 | -1.06 billion constant LCU | +52.9% |
| 2015 | -1.33 billion constant LCU | +25.9% |
| 2016 | -1.16 billion constant LCU | -12.8% |
| 2017 | -817.91 million constant LCU | -29.4% |
| 2018 | -1.45 billion constant LCU | +77.1% |
| 2019 | -2.03 billion constant LCU | +40.0% |
| 2020 | -651.18 million constant LCU | -67.9% |
| 2021 | -1.89 billion constant LCU | +190.7% |
| 2022 | -2.86 billion constant LCU | +51.2% |
| 2023 | -3.93 billion constant LCU | +37.3% |
| 2024 | -4.73 billion constant LCU | +20.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -1.12 billion constant LCU | -2.03 billion constant LCU | -436.00 million constant LCU | 8 |
| 2020s | -2.81 billion constant LCU | -4.73 billion constant LCU | -651.18 million constant LCU | 5 |
Countries ranked near Solomon Islands
- 85 Seychelles -4.14 billion constant LCU compare
- 86 Croatia -4.21 billion constant LCU
- 87 Greenland -4.64 billion constant LCU compare
- 89 Bosnia and Herzegovina -5.73 billion constant LCU
- 90 El Salvador -6.80 billion constant LCU compare
- 91 Georgia -7.13 billion constant LCU 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)
- Gross domestic savings (current US$), annual growth rate -74.91 % change on previous year (2024)
- Gross domestic savings (current US$), per unit of GDP -0.081 current US$ per US$ of GDP (2024)
- Gross domestic savings (current US$), per capita -156.71 current US$ per person (2024)
- Gross domestic savings (current LCU), annual growth rate -76.56 % change on previous year (2024)
- Gross domestic savings (current LCU), per unit of GDP -0.6853 current LCU per US$ of GDP (2024)
- Gross domestic savings (current LCU), per capita -1,325 current LCU per person (2024)
- GNI, Atlas method (current US$), annual growth rate 8.65 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9706 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services in Solomon Islands?
- External balance on goods and services in Solomon Islands was -4.73 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Solomon Islands?
- The highest recorded value was -436.00 million constant LCU in 2012.
- What is the lowest external balance on goods and services recorded in Solomon Islands?
- The lowest recorded value was -4.73 billion constant LCU in 2024.
- How does Solomon Islands rank for external balance on goods and services?
- Solomon Islands ranks 88th out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Solomon Islands?
- Over the last ten years it is down 348.2%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.