Solomon Islands's external balance on goods and services (current LCU) was -4.05 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 367.85% from -864.93 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -4.05 billion | 2024 |
| Five years earlier | -1.32 billion | 2019 |
| Ten years earlier | -864.93 million | 2014 |
| Highest | 89 million | 1999 |
| Lowest | -4.05 billion | 2024 |
| Average since 2015 | -1.61 billion | 2015–2024 |
| First recorded | -72 million |
What the numbers say
In 2024, Solomon Islands' external balance on goods and services (current LCU) fell 436.76 million on 2023 (from -3.61 billion to -4.05 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −106.39 million and a typical year strayed about 520.74 million from that (the standard deviation). This year's change was 0.6 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 1.31 billion in 2011 and the biggest yearly fall was 1.39 billion in 2023. 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 371.62 million a year. A straight line explains 74% 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 22nd highest value of the 34 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
- Tonga — 18th of 34: -673 million
- Fiji — 19th of 34: -1.37 billion
- Timor-Leste — 20th of 34: -1.39 billion
- New Zealand — 22nd of 34: -5.4 billion
- Bolivia — 23rd of 34: -15.58 billion
- Vanuatu — 24th of 34: -35.09 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 45 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2024 | -4,046,570,200 |
| 2023 | -3,609,810,100 |
| 2022 | -2,221,436,200 |
| 2021 | -1,790,545,900 |
| 2020 | -548,000,700 |
| 2019 | -1,324,000,000 |
| 2018 | -545,000,000 |
| 2017 | -561,000,000 |
| 2016 | -668,000,000 |
| 2015 | -773,000,000 |
External balance on goods and services (current LCU) in nearby economies
- American Samoa — -268 million (2022)
- Australia — 16.32 billion (2025)
- Brunei Darussalam — 3.84 billion (2025)
- Cambodia — 2.48 trillion (2025)
- China — 5.87 trillion (2025)
- Fiji — -1.37 billion (2024)
- French Polynesia — -194.1 billion (2024)
- Guam — -3.88 billion (2022)
- Hong Kong SAR, China — 95.62 billion (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 (current LCU)?
- -4.05 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is down 5,520% from -72 million in 1980. The highest value was 89 million in 1999 and the lowest -4.05 billion in 2024.
- How does Solomon Islands rank?
- 22nd highest of 34 economies with data for 2024.
- Is the latest change in external balance on goods and services (current LCU) unusual for Solomon Islands?
- In 2024, Solomon Islands' external balance on goods and services (current LCU) fell 436.76 million on 2023 (from -3.61 billion to -4.05 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −106.39 million and a typical year strayed about 520.74 million from that (the standard deviation). This year's change was 0.6 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.CN, 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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