Current account balance (credit less debit), Net (credits less) in Solomon Islands
Solomon Islands: Current account balance (credit less debit), Net (credits less) was -66.23 million in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Solomon Islands, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Solomon Islands stood at -66.23 million.
That represents a change of up 62.8% on the previous year and down 33.6% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Solomon Islands peaked at 26.39 million in 2012 and was at its lowest, -218.53 million, in 2022.
That places Solomon Islands 93rd out of 198 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.
Current account balance (credit less debit), Net (credits less) in Solomon Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -90.20 million | — |
| 2006 | -42.18 million | -53.2% |
| 2007 | -80.17 million | +90.1% |
| 2008 | -79.60 million | -0.7% |
| 2009 | -59.59 million | -25.1% |
| 2010 | -144.16 million | +141.9% |
| 2011 | -18.77 million | -87.0% |
| 2012 | 26.39 million | -240.6% |
| 2013 | -38.55 million | -246.1% |
| 2014 | -49.57 million | +28.6% |
| 2015 | -36.07 million | -27.2% |
| 2016 | -48.80 million | +35.3% |
| 2017 | -62.83 million | +28.7% |
| 2018 | -47.82 million | -23.9% |
| 2019 | -154.00 million | +222.1% |
| 2020 | -25.06 million | -83.7% |
| 2021 | -78.19 million | +212.0% |
| 2022 | -218.53 million | +179.5% |
| 2023 | -178.20 million | -18.5% |
| 2024 | -66.23 million | -62.8% |
Solomon Islands compared with similar countries
- Solomon Islands's -66.23 million is above the median for lower middle income countries, which is -96.83 million, 68% of the median. (46 countries reporting)
- Solomon Islands's -66.23 million is below the median for East Asia & Pacific, which is 65.63 million. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -70.35 million | -90.20 million | -42.18 million | 5 |
| 2010s | -57.42 million | -154.00 million | 26.39 million | 10 |
| 2020s | -113.24 million | -218.53 million | -25.06 million | 5 |
Countries ranked near Solomon Islands
More financial sector data for Solomon Islands
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 5.14 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 3.76 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 5.14 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Solomon Islands?
- Current account balance (credit less debit), net (credits less debits) in Solomon Islands was -66.23 million in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Solomon Islands?
- The highest recorded value was 26.39 million in 2012.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Solomon Islands?
- The lowest recorded value was -218.53 million in 2022.
- How does Solomon Islands rank for current account balance (credit less debit), net (credits less debits)?
- Solomon Islands ranks 93rd out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Solomon Islands?
- Over the last ten years it is down 33.6%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.