Personal remittances, received in Solomon Islands
Solomon Islands: Personal remittances, received was 95.18 million current US$ in 2024. ◆ Volatile
Personal remittances, received in Solomon Islands, 1999–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
Solomon Islands recorded 95.18 million current US$ for personal remittances, received in 2024. That is the highest value across all 26 years on record.
Compared with earlier readings it is up 12.6% on the previous year and up 482.7% over ten years.
Over the whole period, personal remittances, received in Solomon Islands peaked at 95.18 million current US$ in 2024 and was at its lowest, 2.36 million current US$, in 1999.
That places Solomon Islands 159th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Solomon Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1999 | 2.36 million current US$ | — |
| 2000 | 4.32 million current US$ | +83.5% |
| 2001 | 4.53 million current US$ | +4.7% |
| 2002 | 3.22 million current US$ | -28.8% |
| 2003 | 3.88 million current US$ | +20.4% |
| 2004 | 8.70 million current US$ | +124.1% |
| 2005 | 7.16 million current US$ | -17.6% |
| 2006 | 10.74 million current US$ | +50.0% |
| 2007 | 12.63 million current US$ | +17.6% |
| 2008 | 9.14 million current US$ | -27.6% |
| 2009 | 12.51 million current US$ | +36.9% |
| 2010 | 14.28 million current US$ | +14.1% |
| 2011 | 16.93 million current US$ | +18.6% |
| 2012 | 20.72 million current US$ | +22.4% |
| 2013 | 20.64 million current US$ | -0.4% |
| 2014 | 16.34 million current US$ | -20.9% |
| 2015 | 18.59 million current US$ | +13.8% |
| 2016 | 20.28 million current US$ | +9.1% |
| 2017 | 16.33 million current US$ | -19.5% |
| 2018 | 19.90 million current US$ | +21.9% |
| 2019 | 25.47 million current US$ | +28.0% |
| 2020 | 27.51 million current US$ | +8.0% |
| 2021 | 51.03 million current US$ | +85.5% |
| 2022 | 81.14 million current US$ | +59.0% |
| 2023 | 84.55 million current US$ | +4.2% |
| 2024 | 95.18 million current US$ | +12.6% |
Solomon Islands compared with similar countries
- Solomon Islands's 95.18 million current US$ is below the median for lower middle income countries, which is 1.12 billion current US$, 8% of the median. (47 countries reporting)
- Solomon Islands's 95.18 million current US$ is below the median for East Asia & Pacific, which is 424.19 million current US$, 22% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.36 million current US$ | 2.36 million current US$ | 2.36 million current US$ | 1 |
| 2000s | 7.68 million current US$ | 3.22 million current US$ | 12.63 million current US$ | 10 |
| 2010s | 18.95 million current US$ | 14.28 million current US$ | 25.47 million current US$ | 10 |
| 2020s | 67.88 million current US$ | 27.51 million current US$ | 95.18 million current US$ | 5 |
Countries ranked near Solomon Islands
- 156 Bhutan 109.60 million current US$ compare
- 157 Chile 100.29 million current US$ compare
- 158 Namibia 96.50 million current US$ compare
- 160 Mauritania 94.54 million current US$ compare
- 161 Saint Vincent and the Grenadines 88.32 million current US$ compare
- 162 Barbados 85.18 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)
- 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$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is personal remittances, received in Solomon Islands?
- Personal remittances, received in Solomon Islands was 95.18 million current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Solomon Islands?
- The highest recorded value was 95.18 million current US$ in 2024.
- What is the lowest personal remittances, received recorded in Solomon Islands?
- The lowest recorded value was 2.36 million current US$ in 1999.
- How does Solomon Islands rank for personal remittances, received?
- Solomon Islands ranks 159th out of 197 countries with data for 2024.
- Is personal remittances, received rising or falling in Solomon Islands?
- Over the last ten years it is up 482.7%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.