Volume of remittances (in United States dollars) as a proportion of in Solomon Islands
Solomon Islands: Volume of remittances (in United States dollars) as a proportion of was 6.0% in 2024. ◆ Volatile
Latest (2024)
6.0%
Change on year
up 7.0%
World rank
59th
of 203 countries
All-time high
6.0%
in 2024
All-time low
0.9%
in 2003
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Solomon Islands, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, volume of remittances (in united states dollars) as a proportion of in Solomon Islands stood at 6.0%. That is the highest value across all 25 years on record.
The figure is up 7.0% on the previous year and up 391.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Solomon Islands peaked at 6.0% in 2024 and was at its lowest, 0.9%, in 2003.
That places Solomon Islands 59th out of 203 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.
Volume of remittances (in United States dollars) as a proportion of in Solomon Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.0% | — |
| 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% |
Solomon Islands compared with similar countries
- Solomon Islands's 6.0% is below the median for lower middle income countries, which is 6.1%, 98% of the median. (43 countries reporting)
- Solomon Islands's 6.0% is above the median for East Asia & Pacific, which is 3.8%, 1.6× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 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)
- 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 volume of remittances (in united states dollars) as a proportion of in Solomon Islands?
- Volume of remittances (in united states dollars) as a proportion of in Solomon Islands was 6.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Solomon Islands?
- The highest recorded value was 6.0% in 2024.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Solomon Islands?
- The lowest recorded value was 0.9% in 2003.
- How does Solomon Islands rank for volume of remittances (in united states dollars) as a proportion of?
- Solomon Islands ranks 59th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of 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 United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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