External balance on goods and services (current US$) (US current) in Solomon Islands
Solomon Islands: External balance on goods and services (current US$) (US current) was -478.61 million current US$ 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 US$.
Analysis
The most recent figure for external balance on goods and services in Solomon Islands is -478.61 million current US$, measured in 2024. That is the lowest value across all 45 years on record.
The figure is down 11.0% on the previous year and down 308.1% over ten years.
Over the whole period, external balance on goods and services in Solomon Islands peaked at 18.40 million current US$ in 1999 and was at its lowest, -478.61 million current US$, in 2024.
That places Solomon Islands 102nd out of 193 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current US$) (US current) in Solomon Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | -86.77 million current US$ | — |
| 1981 | -91.94 million current US$ | +6.0% |
| 1982 | -91.65 million current US$ | -0.3% |
| 1983 | -86.19 million current US$ | -6.0% |
| 1984 | -71.44 million current US$ | -17.1% |
| 1985 | -78.34 million current US$ | +9.6% |
| 1986 | -59.72 million current US$ | -23.8% |
| 1987 | -67.39 million current US$ | +12.8% |
| 1988 | -120.05 million current US$ | +78.1% |
| 1989 | -119.92 million current US$ | -0.1% |
| 1990 | -106.77 million current US$ | -11.0% |
| 1991 | -142.56 million current US$ | +33.5% |
| 1992 | -114.75 million current US$ | -19.5% |
| 1993 | -131.13 million current US$ | +14.3% |
| 1994 | -151.31 million current US$ | +15.4% |
| 1995 | -113.33 million current US$ | -25.1% |
| 1996 | -43.46 million current US$ | -61.7% |
| 1997 | -54.08 million current US$ | +24.4% |
| 1998 | -9.55 million current US$ | -82.3% |
| 1999 | 18.40 million current US$ | -292.6% |
| 2000 | -18.27 million current US$ | -199.3% |
| 2001 | -41.11 million current US$ | +125.0% |
| 2002 | -7.26 million current US$ | -82.3% |
| 2003 | -49.95 million current US$ | +588.0% |
| 2004 | -61.08 million current US$ | +22.3% |
| 2005 | -66.20 million current US$ | +8.4% |
| 2006 | -96.68 million current US$ | +46.0% |
| 2007 | -135.25 million current US$ | +39.9% |
| 2008 | -138.89 million current US$ | +2.7% |
| 2009 | -109.33 million current US$ | -21.3% |
| 2010 | -232.13 million current US$ | +112.3% |
| 2011 | -73.88 million current US$ | -68.2% |
| 2012 | -59.28 million current US$ | -19.8% |
| 2013 | -99.56 million current US$ | +68.0% |
| 2014 | -117.27 million current US$ | +17.8% |
| 2015 | -97.67 million current US$ | -16.7% |
| 2016 | -84.04 million current US$ | -13.9% |
| 2017 | -71.13 million current US$ | -15.4% |
| 2018 | -68.53 million current US$ | -3.6% |
| 2019 | -161.99 million current US$ | +136.4% |
| 2020 | -66.72 million current US$ | -58.8% |
| 2021 | -222.98 million current US$ | +234.2% |
| 2022 | -272.38 million current US$ | +22.2% |
| 2023 | -430.99 million current US$ | +58.2% |
| 2024 | -478.61 million current US$ | +11.0% |
Solomon Islands compared with similar countries
- Solomon Islands's -478.61 million current US$ is above the median for lower middle income countries, which is -1.67 billion current US$, 29% of the median. (45 countries reporting)
- Solomon Islands's -478.61 million current US$ is below the median for East Asia & Pacific, which is -166.62 million current US$, 2.9× the median. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current US$) (US current) 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 |
|---|---|---|---|
| 2003 | -588.0% | -7.26 million current US$ | -49.95 million current US$ |
| 1999 | +292.6% | -9.55 million current US$ | 18.40 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -87.34 million current US$ | -120.05 million current US$ | -59.72 million current US$ | 10 |
| 1990s | -84.85 million current US$ | -151.31 million current US$ | 18.40 million current US$ | 10 |
| 2000s | -72.40 million current US$ | -138.89 million current US$ | -7.26 million current US$ | 10 |
| 2010s | -106.55 million current US$ | -232.13 million current US$ | -59.28 million current US$ | 10 |
| 2020s | -294.34 million current US$ | -478.61 million current US$ | -66.72 million current US$ | 5 |
Countries ranked near Solomon Islands
- 99 Comoros -404.54 million current US$ compare
- 100 Central African Republic -435.91 million current US$ compare
- 101 Democratic Republic of Congo -454.53 million current US$ compare
- 103 United States Virgin Islands -509.00 million current US$ compare
- 104 Niger -515.62 million current US$ compare
- 105 Northern Mariana Islands -533.00 million current US$ 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 in Solomon Islands?
- External balance on goods and services in Solomon Islands was -478.61 million current US$ 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 18.40 million current US$ in 1999.
- What is the lowest external balance on goods and services recorded in Solomon Islands?
- The lowest recorded value was -478.61 million current US$ in 2024.
- How does Solomon Islands rank for external balance on goods and services?
- Solomon Islands ranks 102nd out of 193 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 308.1%. 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 US$). 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 indicator is expressed in United States dollars.