Solomon Islands's terms of trade adjustment (constant LCU) was 940.41 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 282.52% from 245.85 million in 2014 (14.36% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 940.41 million | 2024 |
| Five years earlier | 706.71 million | 2019 |
| Ten years earlier | 245.85 million | 2014 |
| Highest | 1.25 billion | 1997 |
| Lowest | -581.17 million | 2003 |
| Average since 2015 | 518.08 million | 2015–2024 |
| First recorded | 595.19 million |
What the numbers say
In 2024, Solomon Islands' terms of trade adjustment (constant LCU) rose 442.23 million on 2023 (from 498.17 million to 940.41 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was −14.36 million and a typical year strayed about 320.69 million from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 644.75 million in 2018 and the biggest yearly fall was 807.9 million in 2003. 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 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 7th highest value of the 29 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
What this measures
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.
All 45 values
| Year | Terms of trade adjustment (constant LCU) |
|---|---|
| 2024 | 940,405,418 |
| 2023 | 498,171,255 |
| 2022 | 485,707,816 |
| 2021 | 118,625,618 |
| 2020 | 131,148,349 |
| 2019 | 706,710,524 |
| 2018 | 928,605,055 |
| 2017 | 283,855,291 |
| 2016 | 500,438,110 |
| 2015 | 587,114,356 |
| 2014 |
Terms of trade adjustment (constant LCU) in nearby economies
- American Samoa — 3.96 million (2022)
- Australia — -26.77 billion (2025)
- Brunei Darussalam — -970.77 million (2025)
- Cambodia — 5.99 trillion (2025)
- Guam — 1.01 million (2022)
- Hong Kong SAR, China — 24.07 billion (2025)
- Indonesia — -312.72 trillion (2025)
- Japan — -9.53 trillion (2024)
- Kiribati — 3.53 million (2024)
- Korea, Rep. — -41.6 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 terms of trade adjustment (constant LCU)?
- 940.41 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 58% from 595.19 million in 1980 (1.05% a year on average, compounded). The highest value was 1.25 billion in 1997 and the lowest -581.17 million in 2003.
- How does Solomon Islands rank?
- 7th highest of 29 economies with data for 2024.
- Is the latest change in terms of trade adjustment (constant LCU) unusual for Solomon Islands?
- In 2024, Solomon Islands' terms of trade adjustment (constant LCU) rose 442.23 million on 2023 (from 498.17 million to 940.41 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −14.36 million and a typical year strayed about 320.69 million from that (the standard deviation). This year's change was 1.4 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.TTF.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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