Solomon Islands: Trade (% of GDP)
In , Solomon Islands's Trade (% of GDP) was 111.35.
That's up 10.1% from 2023, the highest value on record.
The global average for this indicator in 2024 was 92.19 . Solomon Islands ranks #43 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #12 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.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
- 111.35
- Trough
- 60.22
- 1-year change
- +10.1%
- 5-year change
- +34.2%
- +6.1% / yr
- 10-year change
- +19.2%
- +1.8% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 111.3530 | |
| 101.1345 | |
| 74.8355 | |
| 67.4201 | |
| 60.2204 | |
| 82.9986 | |
| 88.4950 | |
| 82.1975 | |
| 85.5498 | |
| 88.1885 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Solomon Islands's Trade (% of GDP) in 2024?
- In 2024, Solomon Islands's Trade (% of GDP) was 111.35, according to World Bank Open Data.
- Is Solomon Islands's Trade (% of GDP) rising or falling?
- Solomon Islands's Trade (% of GDP) rose 10.1% from 2023 to 2024.
- How does Solomon Islands rank globally on Trade (% of GDP)?
- In 2024, Solomon Islands ranked #43 out of 160 countries reporting Trade (% of GDP).
- How does Solomon Islands's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Solomon Islands is above the world average. Within East Asia & Pacific, it ranks #12 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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 (NE.TRD.GNFS.ZS), CC BY 4.0.