Current account balance (credit less debit), Net (credits less debits) in Solomon Islands
Solomon Islands: Current account balance (credit less debit), Net (credits less debits) 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 debits) 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% |
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
- Total reserves in months of imports, annual growth rate -0.3272 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 7.07 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.3274 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 633.12 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 2.97 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 637.05 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 2.52 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 641.93 SDR per person (2024)
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.