External balance on goods and services (current LCU), annual growth in Solomon Islands
Solomon Islands: External balance on goods and services (current LCU), annual growth was -12.1 % change on previous year in 2024. ◆ Volatile
External balance on goods and services (current LCU), annual growth in Solomon Islands, 1981–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for external balance on goods and services (current lcu), annual growth in Solomon Islands is -12.1 % change on previous year, measured in 2024.
The figure is up 80.6% on the previous year and up 36.2% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Solomon Islands peaked at 293.48 % change on previous year in 1999 and was at its lowest, -665.14 % change on previous year, in 2003.
Solomon Islands ranks 115th of 192 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 (current LCU), annual growth in Solomon Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1981 | -11.11 % change on previous year | — |
| 1982 | -11.25 % change on previous year | +1.3% |
| 1983 | -11.24 % change on previous year | -0.1% |
| 1984 | 8.08 % change on previous year | -171.9% |
| 1985 | -27.47 % change on previous year | -440.0% |
| 1986 | 10.34 % change on previous year | -137.7% |
| 1987 | -29.81 % change on previous year | -388.1% |
| 1988 | -85.19 % change on previous year | +185.8% |
| 1989 | -10 % change on previous year | -88.3% |
| 1990 | 1.82 % change on previous year | -118.2% |
| 1991 | -43.33 % change on previous year | -2483.3% |
| 1992 | 13.18 % change on previous year | -130.4% |
| 1993 | -24.4 % change on previous year | -285.2% |
| 1994 | -19.14 % change on previous year | -21.6% |
| 1995 | 22.49 % change on previous year | -217.5% |
| 1996 | 59.84 % change on previous year | +166.1% |
| 1997 | -29.68 % change on previous year | -149.6% |
| 1998 | 77.11 % change on previous year | -359.8% |
| 1999 | 293.48 % change on previous year | +280.6% |
| 2000 | -204.49 % change on previous year | -169.7% |
| 2001 | -133.33 % change on previous year | -34.8% |
| 2002 | 77.42 % change on previous year | -158.1% |
| 2003 | -665.14 % change on previous year | -959.1% |
| 2004 | -21.93 % change on previous year | -96.7% |
| 2005 | -9.05 % change on previous year | -58.8% |
| 2006 | -47.58 % change on previous year | +426.1% |
| 2007 | -40.67 % change on previous year | -14.5% |
| 2008 | -3.98 % change on previous year | -90.2% |
| 2009 | 18.16 % change on previous year | -555.8% |
| 2010 | -112.57 % change on previous year | -719.7% |
| 2011 | 69.84 % change on previous year | -162.0% |
| 2012 | 22.77 % change on previous year | -67.4% |
| 2013 | -66.74 % change on previous year | -393.2% |
| 2014 | -18.97 % change on previous year | -71.6% |
| 2015 | 10.63 % change on previous year | -156.0% |
| 2016 | 13.58 % change on previous year | +27.8% |
| 2017 | 16.02 % change on previous year | +17.9% |
| 2018 | 2.85 % change on previous year | -82.2% |
| 2019 | -142.94 % change on previous year | -5111.7% |
| 2020 | 58.61 % change on previous year | -141.0% |
| 2021 | -226.74 % change on previous year | -486.9% |
| 2022 | -24.06 % change on previous year | -89.4% |
| 2023 | -62.5 % change on previous year | +159.7% |
| 2024 | -12.1 % change on previous year | -80.6% |
Solomon Islands compared with similar countries
- Solomon Islands's -12.1 % change on previous year is below the median for lower middle income countries, which is -7.66 % change on previous year, 1.6× the median. (45 countries reporting)
- Solomon Islands's -12.1 % change on previous year is below the median for East Asia & Pacific, which is 7.71 % change on previous year. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current LCU), annual growth 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 |
|---|---|---|---|
| 2019 | -5111.7% | 2.85 % change on previous year | -142.94 % change on previous year |
| 1991 | -2483.3% | 1.82 % change on previous year | -43.33 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -18.63 % change on previous year | -85.19 % change on previous year | 10.34 % change on previous year | 9 |
| 1990s | 35.14 % change on previous year | -43.33 % change on previous year | 293.48 % change on previous year | 10 |
| 2000s | -103.06 % change on previous year | -665.14 % change on previous year | 77.42 % change on previous year | 10 |
| 2010s | -20.55 % change on previous year | -142.94 % change on previous year | 69.84 % change on previous year | 10 |
| 2020s | -53.36 % change on previous year | -226.74 % change on previous year | 58.61 % change on previous year | 5 |
Countries ranked near Solomon Islands
- 112 Uzbekistan -11.54 % change on previous year compare
- 113 Benin -11.7 % change on previous year compare
- 114 Guam -11.73 % change on previous year compare
- 116 Palestine -12.12 % change on previous year compare
- 117 Kuwait -12.18 % change on previous year compare
- 118 Belarus -13.28 % change on previous year 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0138 units per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Solomon Islands?
- External balance on goods and services (current lcu), annual growth in Solomon Islands was -12.1 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Solomon Islands?
- The highest recorded value was 293.48 % change on previous year in 1999.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Solomon Islands?
- The lowest recorded value was -665.14 % change on previous year in 2003.
- How does Solomon Islands rank for external balance on goods and services (current lcu), annual growth?
- Solomon Islands ranks 115th out of 192 countries with data for 2024.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Solomon Islands?
- Over the last ten years it is up 36.2%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.