Net secondary income in Solomon Islands
Solomon Islands: Net secondary income was 146.26 million BoP, current US$ in 2024. ◆ Volatile
Net secondary income in Solomon Islands, 1975–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net secondary income in Solomon Islands is 146.26 million BoP, current US$, measured in 2024. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 8.9% on the previous year and up 81.6% over ten years.
Over the whole period, net secondary income in Solomon Islands peaked at 146.26 million BoP, current US$ in 2024 and was at its lowest, 5.07 million BoP, current US$, in 2005.
That places Solomon Islands 113th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.99 million BoP, current US$ | 9.82 million BoP, current US$ | 19.86 million BoP, current US$ | 5 |
| 1980s | 24.79 million BoP, current US$ | 7.93 million BoP, current US$ | 47.63 million BoP, current US$ | 10 |
| 1990s | 37.68 million BoP, current US$ | 15.07 million BoP, current US$ | 55.54 million BoP, current US$ | 10 |
| 2000s | 47.36 million BoP, current US$ | 5.07 million BoP, current US$ | 116.20 million BoP, current US$ | 10 |
| 2010s | 80.26 million BoP, current US$ | 24.01 million BoP, current US$ | 131.97 million BoP, current US$ | 10 |
| 2020s | 116.18 million BoP, current US$ | 66.52 million BoP, current US$ | 146.26 million BoP, current US$ | 5 |
Countries ranked near Solomon Islands
- 110 Suriname 160.06 million BoP, current US$ compare
- 111 Guinea-Bissau 152.44 million BoP, current US$ compare
- 112 Belize 149.91 million BoP, current US$ compare
- 114 Romania 140.70 million BoP, current US$ compare
- 115 Estonia 130.33 million BoP, current US$ compare
- 116 Marshall Islands 124.43 million BoP, current US$ compare
More economy & growth data for Solomon Islands
- Final consumption expenditure 108.1% (2024)
- Manufacturing, value added 10.1% (2024)
- Households and NPISHs final consumption expenditure 81.9% (2024)
- Final consumption expenditure 1.71 billion current US$ (2024)
- Final consumption expenditure 14.48 billion current LCU (2024)
- Final consumption expenditure 1.65 billion constant 2015 US$ (2024)
- Final consumption expenditure 7.8% (2024)
- Manufacturing, value added 834.12 million constant LCU (2024)
- Gross national expenditure 127.6% (2024)
- Manufacturing, value added 1.35 billion current LCU (2024)
Frequently asked questions
- What is net secondary income in Solomon Islands?
- Net secondary income in Solomon Islands was 146.26 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Solomon Islands?
- The highest recorded value was 146.26 million BoP, current US$ in 2024.
- What is the lowest net secondary income recorded in Solomon Islands?
- The lowest recorded value was 5.07 million BoP, current US$ in 2005.
- How does Solomon Islands rank for net secondary income?
- Solomon Islands ranks 113th out of 199 countries with data for 2024.
- Is net secondary income rising or falling in Solomon Islands?
- Over the last ten years it is up 81.6%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.