Services balance (credit less debit), Net (credits less debits) (US) in Solomon Islands
Solomon Islands: Services balance (credit less debit), Net (credits less debits) (US) was -115.78 million in 2024. ▼ Falling
Services balance (credit less debit), Net (credits less debits) in Solomon Islands, 2005–2024
Source: International Monetary Fund.
Analysis
Solomon Islands recorded -115.78 million for services balance (credit less debit), net (credits less debits) in 2024.
That represents a change of up 16.6% on the previous year and down 4.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Solomon Islands peaked at -16.56 million in 2005 and was at its lowest, -147.90 million, in 2022.
Solomon Islands ranks 110th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Services balance (credit less debit), Net (credits less debits) (US) in Solomon Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -16.56 million | — |
| 2006 | -19.38 million | +17.0% |
| 2007 | -42.44 million | +119.1% |
| 2008 | -64.62 million | +52.2% |
| 2009 | -45.80 million | -29.1% |
| 2010 | -95.83 million | +109.2% |
| 2011 | -69.56 million | -27.4% |
| 2012 | -84.20 million | +21.0% |
| 2013 | -122.26 million | +45.2% |
| 2014 | -111.07 million | -9.1% |
| 2015 | -77.60 million | -30.1% |
| 2016 | -84.55 million | +8.9% |
| 2017 | -91.06 million | +7.7% |
| 2018 | -74.09 million | -18.6% |
| 2019 | -125.26 million | +69.1% |
| 2020 | -102.11 million | -18.5% |
| 2021 | -108.58 million | +6.3% |
| 2022 | -147.90 million | +36.2% |
| 2023 | -138.90 million | -6.1% |
| 2024 | -115.78 million | -16.6% |
Solomon Islands compared with similar countries
- Solomon Islands's -115.78 million is above the median for lower middle income countries, which is -329.10 million, 35% of the median. (46 countries reporting)
- Solomon Islands's -115.78 million is below the median for East Asia & Pacific, which is -101.20 million, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -37.76 million | -64.62 million | -16.56 million | 5 |
| 2010s | -93.55 million | -125.26 million | -69.56 million | 10 |
| 2020s | -122.66 million | -147.90 million | -102.11 million | 5 |
Countries ranked near Solomon Islands
- 107 Comoros -88.98 million compare
- 108 Kiribati -101.20 million compare
- 109 Kyrgyzstan -108.52 million compare
- 111 Guinea-Bissau -144.70 million compare
- 112 Vanuatu -151.12 million compare
- 113 Faroe Islands -187.40 million compare
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 services balance (credit less debit), net (credits less debits) in Solomon Islands?
- Services balance (credit less debit), net (credits less debits) in Solomon Islands was -115.78 million in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Solomon Islands?
- The highest recorded value was -16.56 million in 2005.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Solomon Islands?
- The lowest recorded value was -147.90 million in 2022.
- How does Solomon Islands rank for services balance (credit less debit), net (credits less debits)?
- Solomon Islands ranks 110th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Solomon Islands?
- Over the last ten years it is down 4.2%. The long-run trend across the full record is falling.
- Where does this Solomon Islands data come from?
- The figures come from International Monetary Fund, published as part of Services 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.