Personal remittances, received in Solomon Islands
Solomon Islands: Personal remittances, received was 6.0% in 2024. ◆ Volatile
Personal remittances, received in Solomon Islands, 1999–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
In 2024, personal remittances, received in Solomon Islands stood at 6.0%. That is the highest value across all 26 years on record.
That represents a change of up 7.0% on the previous year and up 391.3% over ten years.
Over the whole period, personal remittances, received in Solomon Islands peaked at 6.0% in 2024 and was at its lowest, 0.5%, in 1999.
That places Solomon Islands 57th out of 196 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.
Personal remittances, received in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1999 | 0.5% | — |
| 2000 | 1.0% | +113.3% |
| 2001 | 1.1% | +7.4% |
| 2002 | 0.9% | -15.8% |
| 2003 | 0.9% | -0.2% |
| 2004 | 1.9% | +100.0% |
| 2005 | 1.3% | -30.3% |
| 2006 | 1.7% | +34.3% |
| 2007 | 1.8% | +4.4% |
| 2008 | 1.2% | -35.2% |
| 2009 | 1.6% | +31.9% |
| 2010 | 1.6% | +2.3% |
| 2011 | 1.6% | +0.1% |
| 2012 | 1.7% | +9.9% |
| 2013 | 1.6% | -8.2% |
| 2014 | 1.2% | -23.8% |
| 2015 | 1.4% | +16.2% |
| 2016 | 1.5% | +3.5% |
| 2017 | 1.1% | -24.4% |
| 2018 | 1.2% | +10.9% |
| 2019 | 1.6% | +27.7% |
| 2020 | 1.8% | +13.8% |
| 2021 | 3.3% | +82.9% |
| 2022 | 5.5% | +68.9% |
| 2023 | 5.6% | +1.5% |
| 2024 | 6.0% | +7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.5% | 0.5% | 0.5% | 1 |
| 2000s | 1.3% | 0.9% | 1.9% | 10 |
| 2010s | 1.5% | 1.1% | 1.7% | 10 |
| 2020s | 4.4% | 1.8% | 6.0% | 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)
- Gross capital formation (constant 2015 US$), annual growth rate 1.88 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2196 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 424.51 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 14.75 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.7078 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 1,369 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 15.83 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 5.98 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is personal remittances, received in Solomon Islands?
- Personal remittances, received in Solomon Islands was 6.0% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Solomon Islands?
- The highest recorded value was 6.0% in 2024.
- What is the lowest personal remittances, received recorded in Solomon Islands?
- The lowest recorded value was 0.5% in 1999.
- How does Solomon Islands rank for personal remittances, received?
- Solomon Islands ranks 57th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Solomon Islands?
- Over the last ten years it is up 391.3%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). 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.