Trade openness — all countries

Trade openness — Solomon Islands

Trade openness in the Solomon Islands in 2024 — 111.35%. Ranked 45 in the world out of 172. Since 1980, the indicator has fallen by 31 pp.

2024 111.35% +10.22 pp vs 2023
World rank 45of 172
Period maximum 193.46%1989
Period minimum 45.11%2001

Trend over time

1980–2024 · % of GDP

Trade openness — Solomon Islands, 1980–202405010015020019801985199019952000200520102015202020241980: 142.35%1981: 142.35%1982: 142.53%1983: 142.69%1984: 150.91%1985: 142.8%1986: 157.93%1987: 158%1988: 192.63%1989: 193.46%1990: 142.44%1991: 168.2%1992: 149.79%1993: 161.47%1994: 136.81%1995: 114.21%1996: 98.8%1997: 100.91%1998: 83.14%1999: 69.16%2000: 58.55%2001: 45.11%2002: 45.13%2003: 55.96%2004: 62.81%2005: 66.57%2006: 69.79%2007: 83.75%2008: 87.35%2009: 71.88%2010: 96.15%2011: 107.25%2012: 104.82%2013: 99.61%2014: 93.45%2015: 88.19%2016: 85.55%2017: 82.2%2018: 88.49%2019: 83%2020: 60.22%2021: 67.42%2022: 74.84%2023: 101.13%2024: 111.35%
Change over the period: −31 pp Annual average: -0.7 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Solomon Islands

Solomon Islands 111.35%
World 56.72%
Melanesia computed 76.25%
Trade openness — Solomon Islands, by year Solomon Islands All countries CSV XLSX
Year % Change, pp
2024 111.35 +10.22 pp
2023 101.13 +26.3 pp
2022 74.84 +7.42 pp
2021 67.42 +7.2 pp
2020 60.22 −22.78 pp
2019 83 −5.5 pp
2018 88.49 +6.3 pp
2017 82.2 −3.35 pp
2016 85.55 −2.64 pp
2015 88.19 −5.26 pp
2014 93.45 −6.15 pp
2013 99.61 −5.22 pp
2012 104.82 −2.42 pp
2011 107.25 +11.1 pp
2010 96.15 +24.26 pp
2009 71.88 −15.47 pp
2008 87.35 +3.61 pp
2007 83.75 +13.96 pp
2006 69.79 +3.22 pp
2005 66.57 +3.76 pp
2004 62.81 +6.85 pp
2003 55.96 +10.83 pp
2002 45.13 +0.02 pp
2001 45.11 −13.44 pp
2000 58.55 −10.61 pp
1999 69.16 −13.98 pp
1998 83.14 −17.77 pp
1997 100.91 +2.12 pp
1996 98.8 −15.41 pp
1995 114.21 −22.61 pp
1994 136.81 −24.65 pp
1993 161.47 +11.68 pp
1992 149.79 −18.41 pp
1991 168.2 +25.76 pp
1990 142.44 −51.02 pp
1989 193.46 +0.84 pp
1988 192.63 +34.63 pp
1987 158 +0.07 pp
1986 157.93 +15.13 pp
1985 142.8 −8.11 pp
1984 150.91 +8.22 pp
1983 142.69 +0.16 pp
1982 142.53 +0.18 pp
1981 142.35 −0 pp
1980 142.35

Melanesia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.

Source: World Development Indicators (World Bank), license CC BY 4.0.