Solomon Islands - Exports of goods and services (constant 2010 US$)

The latest value for Exports of goods and services (constant 2010 US$) in Solomon Islands was 401,868,900 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between 649,039,400 in 2018 and 54,038,460 in 1982.

Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1980 55,964,960
1981 54,905,380
1982 54,038,460
1983 56,157,610
1984 56,253,940
1985 54,423,760
1986 66,753,390
1987 70,702,720
1988 77,830,790
1989 80,720,540
1990 76,193,260
1991 80,527,900
1992 91,123,670
1993 91,797,940
1994 99,022,340
1995 111,640,900
1996 128,016,200
1997 139,382,600
1998 162,404,300
1999 172,807,500
2000 128,401,500
2001 87,944,940
2002 104,223,900
2003 137,263,500
2004 169,243,400
2005 186,004,000
2006 203,053,600
2007 213,745,700
2008 250,253,000
2009 225,786,400
2010 288,975,700
2011 370,466,800
2012 438,472,400
2013 457,063,200
2014 476,520,900
2015 524,972,500
2016 504,744,200
2017 576,410,200
2018 649,039,400
2019 561,672,400
2020 401,868,900

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Gap-filled total

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts