Solomon Islands: Trade openness
* indicates monthly or quarterly data series
| Solomon Islands |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 111.35 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1980 - 2024 |
| Average | 106.25 |
| Min - Max | 45.11 - 193.46 |
| Source | The World Bank |
The latest value from 2024 is 111.35 percent, an increase from 101.13 percent in 2023. In comparison, the world average is 91.40 percent, based on data from 161 countries. Historically, the average for the Solomon Islands from 1980 to 2024 is 106.25 percent. The minimum value, 45.11 percent, was reached in 2001 while the maximum of 193.46 percent was recorded in 1989.
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Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 77.00 | 2023 | percent |
| Trade openness | 111.35 | 2024 | percent |
| Financial openness | -1.248 | 2022 | index points |
| Exports, percent of GDP | 40.57 | 2024 | percent |
| Exports, billion dollars | 0.64 | 2024 | billion U.S. dollars |
| Growth of exports | 7.83 | 2024 | percent |
| Imports, percent of GDP | 70.78 | 2024 | percent |
| Imports, billion dollars | 1.12 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 2.08 | 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 | -4.18 | 2024 | percent |
| Current account, in dollars | -0.07 | 2024 | billion U.S. dollars |
| Trade balance, percent of GDP | -30.22 | 2024 | percent |
| Trade balance, in dollars | -0.21 | 2024 | billion U.S. dollars |
| Reserves | 0.69 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 6.01 | 2024 | percent |
| Remittances | 95.18 | 2024 | million U.S. dollars |
| Net errors and omissions | 11.60 | 2024 | million USD |
| External debt | 31.39 | 2024 | percent |
| Short-term external debt | 5.23 | 2024 | percent |
| Short-term debt to reserves | 5.93 | 2023 | percent |