Terms of trade adjustment in Solomon Islands
Solomon Islands: Terms of trade adjustment was 940.40 million constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for terms of trade adjustment in Solomon Islands is 940.40 million constant LCU, measured in 2024.
The figure is up 88.8% on the previous year and up 282.5% over ten years.
Over the whole period, terms of trade adjustment in Solomon Islands peaked at 1.25 billion constant LCU in 1997 and was at its lowest, -581.17 million constant LCU, in 2003.
Solomon Islands ranks 78th of 178 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.
Terms of trade adjustment in Solomon Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1980 | 595.19 million constant LCU | — |
| 1981 | 584.83 million constant LCU | -1.7% |
| 1982 | 574.57 million constant LCU | -1.8% |
| 1983 | 597.00 million constant LCU | +3.9% |
| 1984 | 825.91 million constant LCU | +38.3% |
| 1985 | 585.36 million constant LCU | -29.1% |
| 1986 | 721.09 million constant LCU | +23.2% |
| 1987 | 761.65 million constant LCU | +5.6% |
| 1988 | 837.03 million constant LCU | +9.9% |
| 1989 | 871.78 million constant LCU | +4.2% |
| 1990 | 820.66 million constant LCU | -5.9% |
| 1991 | 361.08 million constant LCU | -56.0% |
| 1992 | 403.71 million constant LCU | +11.8% |
| 1993 | 928.88 million constant LCU | +130.1% |
| 1994 | 1.11 billion constant LCU | +19.8% |
| 1995 | 1.14 billion constant LCU | +2.7% |
| 1996 | 1.10 billion constant LCU | -3.5% |
| 1997 | 1.25 billion constant LCU | +13.3% |
| 1998 | 1.23 billion constant LCU | -1.6% |
| 1999 | 811.37 million constant LCU | -34.1% |
| 2000 | 153.46 million constant LCU | -81.1% |
| 2001 | 76.68 million constant LCU | -50.0% |
| 2002 | 226.74 million constant LCU | +195.7% |
| 2003 | -581.17 million constant LCU | -356.3% |
| 2004 | -306.02 million constant LCU | -47.3% |
| 2005 | -150.84 million constant LCU | -50.7% |
| 2006 | 78.38 million constant LCU | -152.0% |
| 2007 | 300.01 million constant LCU | +282.8% |
| 2008 | 4.60 million constant LCU | -98.5% |
| 2009 | 82.83 million constant LCU | +1700.1% |
| 2010 | 15.84 million constant LCU | -80.9% |
| 2011 | 305.22 million constant LCU | +1826.6% |
| 2012 | 0 constant LCU | -100.0% |
| 2013 | -4.27 million constant LCU | — |
| 2014 | 245.85 million constant LCU | -5853.0% |
| 2015 | 587.11 million constant LCU | +138.8% |
| 2016 | 500.44 million constant LCU | -14.8% |
| 2017 | 283.86 million constant LCU | -43.3% |
| 2018 | 928.61 million constant LCU | +227.1% |
| 2019 | 706.71 million constant LCU | -23.9% |
| 2020 | 131.15 million constant LCU | -81.4% |
| 2021 | 118.63 million constant LCU | -9.5% |
| 2022 | 485.71 million constant LCU | +309.4% |
| 2023 | 498.17 million constant LCU | +2.6% |
| 2024 | 940.40 million constant LCU | +88.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 695.44 million constant LCU | 574.57 million constant LCU | 871.78 million constant LCU | 10 |
| 1990s | 916.53 million constant LCU | 361.08 million constant LCU | 1.25 billion constant LCU | 10 |
| 2000s | -11.53 million constant LCU | -581.17 million constant LCU | 300.01 million constant LCU | 10 |
| 2010s | 356.94 million constant LCU | -4.27 million constant LCU | 928.61 million constant LCU | 10 |
| 2020s | 434.81 million constant LCU | 118.63 million constant LCU | 940.40 million constant 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.31 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9801 current US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current US$), per capita 1,895 current US$ per person (2024)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 8.29 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 16,023 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9137 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is terms of trade adjustment in Solomon Islands?
- Terms of trade adjustment in Solomon Islands was 940.40 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Solomon Islands?
- The highest recorded value was 1.25 billion constant LCU in 1997.
- What is the lowest terms of trade adjustment recorded in Solomon Islands?
- The lowest recorded value was -581.17 million constant LCU in 2003.
- How does Solomon Islands rank for terms of trade adjustment?
- Solomon Islands ranks 78th out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Solomon Islands?
- Over the last ten years it is up 282.5%. 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 Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.