Adjusted savings: net national savings in Solomon Islands
Solomon Islands: Adjusted savings: net national savings was 9.7% in 2020. ◆ Volatile
Adjusted savings: net national savings in Solomon Islands, 1980–2020
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: net national savings in Solomon Islands is 9.7%, measured in 2020.
Compared with earlier readings it is up 101.6% on the previous year and up 77.4% over ten years.
Over the whole period, adjusted savings: net national savings in Solomon Islands peaked at 14.7% in 2003 and was at its lowest, -142.6%, in 1980.
That places Solomon Islands 85th out of 177 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: net national savings in Solomon Islands, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1980 | -142.6% | — |
| 1981 | -132.5% | -7.1% |
| 1982 | -140.3% | +5.9% |
| 1983 | -137.3% | -2.1% |
| 1984 | -138.6% | +0.9% |
| 1985 | -135.5% | -2.2% |
| 1986 | -64.3% | -52.5% |
| 1987 | -26.3% | -59.1% |
| 1988 | -88.1% | +235.0% |
| 1989 | -69.3% | -21.4% |
| 1990 | -41.8% | -39.7% |
| 1991 | -53.2% | +27.4% |
| 1992 | -25.2% | -52.7% |
| 1993 | -34.3% | +36.3% |
| 1994 | -20.6% | -40.0% |
| 1995 | -15.6% | -24.0% |
| 1996 | -18.8% | +20.2% |
| 1997 | -15.7% | -16.6% |
| 1998 | -0.4% | -97.2% |
| 1999 | -2.1% | +380.2% |
| 2000 | -14.9% | +606.7% |
| 2001 | -28.0% | +88.1% |
| 2002 | -12.7% | -54.7% |
| 2003 | 14.7% | -215.7% |
| 2004 | 8.9% | -39.6% |
| 2005 | -4.8% | -153.8% |
| 2006 | 5.1% | -206.9% |
| 2007 | 7.8% | +53.7% |
| 2008 | 4.0% | -48.4% |
| 2009 | 5.1% | +25.1% |
| 2010 | 5.4% | +7.6% |
| 2011 | 11.1% | +104.4% |
| 2012 | 7.9% | -29.4% |
| 2013 | 7.6% | -3.1% |
| 2014 | 2.7% | -64.5% |
| 2015 | 3.4% | +27.1% |
| 2016 | 1.8% | -48.3% |
| 2017 | 6.7% | +279.4% |
| 2018 | 6.8% | +1.3% |
| 2019 | 4.8% | -29.8% |
| 2020 | 9.7% | +101.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -107.5% | -142.6% | -26.3% | 10 |
| 1990s | -22.8% | -53.2% | -0.4% | 10 |
| 2000s | -1.5% | -28.0% | 14.7% | 10 |
| 2010s | 5.8% | 1.8% | 11.1% | 10 |
| 2020s | 9.7% | 9.7% | 9.7% | 1 |
Countries ranked near Solomon Islands
More economy & growth data for Solomon Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9064 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.96 Percent per annum (2029)
- Households and NPISHs Final consumption expenditure (current LCU) 12.87 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 6.93 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 13,392 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 8.19 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7463 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 1,443 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 8.41 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 1.08 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is adjusted savings: net national savings in Solomon Islands?
- Adjusted savings: net national savings in Solomon Islands was 9.7% in 2020, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Solomon Islands?
- The highest recorded value was 14.7% in 2003.
- What is the lowest adjusted savings: net national savings recorded in Solomon Islands?
- The lowest recorded value was -142.6% in 1980.
- How does Solomon Islands rank for adjusted savings: net national savings?
- Solomon Islands ranks 85th out of 177 countries with data for 2020.
- Is adjusted savings: net national savings rising or falling in Solomon Islands?
- Over the last ten years it is up 77.4%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.