Solomon Islands: Growth of exports
* indicates monthly or quarterly data series
| Solomon Islands |
Exports of goods and services, annual growth |
|---|---|
| Latest value | -1.51 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1981 - 2022 |
| Average | 4.53 |
| Min - Max | -31.51 - 32.72 |
| Source | The World Bank |
The latest value from 2022 is -1.51 percent, a decline from -1 percent in 2021. In comparison, the world average is 13.25 percent, based on data from 158 countries. Historically, the average for the Solomon Islands from 1981 to 2022 is 4.53 percent. The minimum value, -31.51 percent, was reached in 2001 while the maximum of 32.72 percent was recorded in 2010.
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* indicates monthly or quarterly data series
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Definition: Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 77.00 | 2023 | percent |
| Trade openness | 78.04 | 2022 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 26.29 | 2022 | percent |
| Exports, billion dollars | 0.41 | 2022 | billion U.S. dollars |
| Growth of exports | -1.51 | 2022 | percent |
| Imports, percent of GDP | 51.75 | 2022 | percent |
| Imports, billion dollars | 0.81 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.87 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.03 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 0.00 | 1999 | million dollars (current) |
| Current account, percent of GDP | -13.02 | 2022 | percent |
| Trade balance, percent of GDP | -25.46 | 2022 | percent |
| Trade balance, in dollars | -0.21 | 2024 | billion U.S. dollars |
| Reserves | 0.69 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 5.18 | 2023 | percent |
| Remittances | 95.18 | 2024 | million U.S. dollars |
| Net errors and omissions | -49.73 | 2023 | million USD |
| External debt | 31.83 | 2023 | percent |
| Short-term external debt | 7.73 | 2023 | percent |
| Short-term debt to reserves | 5.93 | 2023 | percent |