External balance on goods and services in Solomon Islands
Solomon Islands: External balance on goods and services was -4.05 billion current LCU in 2024. ◆ Volatile
External balance on goods and services in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Solomon Islands recorded -4.05 billion current LCU for external balance on goods and services in 2024. That is the lowest value across all 45 years on record.
That represents a change of down 12.1% on the previous year and down 367.8% over ten years.
Over the whole period, external balance on goods and services in Solomon Islands peaked at 89.00 million current LCU in 1999 and was at its lowest, -4.05 billion current LCU, in 2024.
That places Solomon Islands 102nd out of 192 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.
External balance on goods and services in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 1980 | -72.00 million current LCU | — |
| 1981 | -80.00 million current LCU | +11.1% |
| 1982 | -89.00 million current LCU | +11.2% |
| 1983 | -99.00 million current LCU | +11.2% |
| 1984 | -91.00 million current LCU | -8.1% |
| 1985 | -116.00 million current LCU | +27.5% |
| 1986 | -104.00 million current LCU | -10.3% |
| 1987 | -135.00 million current LCU | +29.8% |
| 1988 | -250.00 million current LCU | +85.2% |
| 1989 | -275.00 million current LCU | +10.0% |
| 1990 | -270.00 million current LCU | -1.8% |
| 1991 | -387.00 million current LCU | +43.3% |
| 1992 | -336.00 million current LCU | -13.2% |
| 1993 | -418.00 million current LCU | +24.4% |
| 1994 | -498.00 million current LCU | +19.1% |
| 1995 | -386.00 million current LCU | -22.5% |
| 1996 | -155.00 million current LCU | -59.8% |
| 1997 | -201.00 million current LCU | +29.7% |
| 1998 | -46.00 million current LCU | -77.1% |
| 1999 | 89.00 million current LCU | -293.5% |
| 2000 | -93.00 million current LCU | -204.5% |
| 2001 | -217.00 million current LCU | +133.3% |
| 2002 | -49.00 million current LCU | -77.4% |
| 2003 | -374.92 million current LCU | +665.1% |
| 2004 | -457.14 million current LCU | +21.9% |
| 2005 | -498.49 million current LCU | +9.0% |
| 2006 | -735.69 million current LCU | +47.6% |
| 2007 | -1.03 billion current LCU | +40.7% |
| 2008 | -1.08 billion current LCU | +4.0% |
| 2009 | -880.67 million current LCU | -18.2% |
| 2010 | -1.87 billion current LCU | +112.6% |
| 2011 | -564.51 million current LCU | -69.8% |
| 2012 | -436.00 million current LCU | -22.8% |
| 2013 | -727.00 million current LCU | +66.7% |
| 2014 | -864.93 million current LCU | +19.0% |
| 2015 | -773.00 million current LCU | -10.6% |
| 2016 | -668.00 million current LCU | -13.6% |
| 2017 | -561.00 million current LCU | -16.0% |
| 2018 | -545.00 million current LCU | -2.9% |
| 2019 | -1.32 billion current LCU | +142.9% |
| 2020 | -548.00 million current LCU | -58.6% |
| 2021 | -1.79 billion current LCU | +226.7% |
| 2022 | -2.22 billion current LCU | +24.1% |
| 2023 | -3.61 billion current LCU | +62.5% |
| 2024 | -4.05 billion current LCU | +12.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -131.10 million current LCU | -275.00 million current LCU | -72.00 million current LCU | 10 |
| 1990s | -260.80 million current LCU | -498.00 million current LCU | 89.00 million current LCU | 10 |
| 2000s | -541.69 million current LCU | -1.08 billion current LCU | -49.00 million current LCU | 10 |
| 2010s | -833.54 million current LCU | -1.87 billion current LCU | -436.00 million current LCU | 10 |
| 2020s | -2.44 billion current LCU | -4.05 billion current LCU | -548.00 million current LCU | 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)
- Net primary income (Net income from abroad) (current LCU), annual 326.31 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -1.22 % change on previous year (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0199 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 38.46 current US$ per person (2024)
- Taxes less subsidies on products (current LCU), annual growth rate -0.289 % change on previous year (2024)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1682 current LCU per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 325.18 current LCU per person (2024)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0897 (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 -4.05 billion current 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 89.00 million current LCU in 1999.
- What is the lowest external balance on goods and services recorded in Solomon Islands?
- The lowest recorded value was -4.05 billion current LCU in 2024.
- How does Solomon Islands rank for external balance on goods and services?
- Solomon Islands ranks 102nd out of 192 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 367.8%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.