Solomon Islands: Merchandise trade (% of GDP)
In , Solomon Islands's Merchandise trade (% of GDP) was 78.66.
That's up 4.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Solomon Islands ranks #51 globally out of 197 reporting countries. Within East Asia & Pacific, it ranks #12 of 32.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 83.37
- Trough
- 52.09
- 1-year change
- +4.1%
- 5-year change
- +21.2%
- +3.9% / yr
- 10-year change
- +9.7%
- +0.9% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 78.6634 | |
| 75.5582 | |
| 64.9771 | |
| 57.5623 | |
| 54.1616 | |
| 64.9106 | |
| 72.4246 | |
| 72.9356 | |
| 64.5893 | |
| 66.2126 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Solomon Islands's Merchandise trade (% of GDP) in 2024?
- In 2024, Solomon Islands's Merchandise trade (% of GDP) was 78.66, according to World Bank Open Data.
- Is Solomon Islands's Merchandise trade (% of GDP) rising or falling?
- Solomon Islands's Merchandise trade (% of GDP) rose 4.1% from 2023 to 2024.
- How does Solomon Islands rank globally on Merchandise trade (% of GDP)?
- In 2024, Solomon Islands ranked #51 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Solomon Islands's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Solomon Islands is above the world average. Within East Asia & Pacific, it ranks #12 of 32.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS), CC BY 4.0.