Solomon Islands's external balance on goods and services (constant LCU) was -4.73 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 348.23% from -1.06 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -4.73 billion | 2024 |
| Five years earlier | -2.03 billion | 2019 |
| Ten years earlier | -1.06 billion | 2014 |
| Highest | -436 million | 2012 |
| Lowest | -4.73 billion | 2024 |
| Average since 2015 | -2.08 billion | 2015–2024 |
| First recorded | -436 million |
What the numbers say
In 2024, Solomon Islands' external balance on goods and services (constant LCU) fell 803.12 million on 2023 (from -3.93 billion to -4.73 billion).
Across the 11 yearly changes before that (2013 to 2023), the average change was −317.58 million and a typical year strayed about 745.42 million from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 1.38 billion in 2020 and the biggest yearly fall was 1.24 billion in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 364.89 million a year. A straight line explains 66% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Solomon Islands had the 13th highest value of the 18 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Solomon Islands in the 2024 ranking
- Cuba — 10th of 18: -354 million
- Timor-Leste — 11th of 18: -1.15 billion
- New Zealand — 12th of 18: -3.69 billion
- Vanuatu — 14th of 18: -35.09 billion
- Angola — 15th of 18: -919.98 billion
- United States — 16th of 18: -984.55 billion
What this measures
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 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.
All 13 values
| Year | External balance on goods and services (constant LCU) |
|---|---|
| 2024 | -4,732,455,900 |
| 2023 | -3,929,335,100 |
| 2022 | -2,862,251,700 |
| 2021 | -1,892,947,500 |
| 2020 | -651,177,500 |
| 2019 | -2,027,691,400 |
| 2018 | -1,448,345,600 |
| 2017 | -817,911,200 |
| 2016 | -1,158,252,400 |
| 2015 | -1,329,019,600 |
External balance on goods and services (constant LCU) in nearby economies
- American Samoa — -249 million (2022)
- Brunei Darussalam — 4.61 billion (2025)
- Cambodia — -3.91 trillion (2025)
- Guam — -3.3 billion (2022)
- Indonesia — 616.22 trillion (2025)
- Japan — 5.75 trillion (2024)
- Malaysia — 56.44 billion (2025)
- Marshall Islands — -110.12 million (2024)
- Mongolia — -11.74 trillion (2025)
More economic policy & debt data for Solomon Islands
- Grants, excluding technical cooperation (BoP, current US$) — US$191.86 million (2023)
- Technical cooperation grants (BoP, current US$) — US$23.39 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$175.09 million (2023)
- Net official development assistance and official aid received (current US$) — US$243.66 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$243.66 million (2023)
- Net official development assistance received (current US$) — US$243.66 million (2023)
- Net official development assistance received (constant 2023 US$) — US$243.66 million (2023)
- Net ODA received per capita (current US$)
Reading data like this
Questions people ask
- What is Solomon Islands's external balance on goods and services (constant LCU)?
- -4.73 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2012?
- It is down 985.43% from -436 million in 2012. The highest value was -436 million in 2012 and the lowest -4.73 billion in 2024.
- How does Solomon Islands rank?
- 13th highest of 18 economies with data for 2024.
- Is the latest change in external balance on goods and services (constant LCU) unusual for Solomon Islands?
- In 2024, Solomon Islands' external balance on goods and services (constant LCU) fell 803.12 million on 2023 (from -3.93 billion to -4.73 billion). Across the 11 yearly changes before that (2013 to 2023), the average change was −317.58 million and a typical year strayed about 745.42 million from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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