Central government debt, total in Solomon Islands
Solomon Islands: Central government debt, total was 26.0% in 2024. ▲ Rising
Central government debt, total in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, central government debt, total in Solomon Islands stood at 26.0%. That is the highest value across all 13 years on record.
The figure is up 16.4% on the previous year and up 198.6% over ten years.
Over the whole period, central government debt, total in Solomon Islands peaked at 26.0% in 2024 and was at its lowest, 6.3%, in 2016.
That places Solomon Islands 74th out of 83 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Central government debt, total in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 13.9% | — |
| 2012 | 11.6% | -16.8% |
| 2013 | 10.1% | -12.8% |
| 2014 | 8.7% | -13.7% |
| 2015 | 6.7% | -22.7% |
| 2016 | 6.3% | -7.1% |
| 2017 | 8.4% | +34.2% |
| 2018 | 7.7% | -8.5% |
| 2019 | 7.7% | +0.8% |
| 2020 | 11.5% | +48.0% |
| 2022 | 16.4% | +43.4% |
| 2023 | 22.4% | +36.1% |
| 2024 | 26.0% | +16.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.0% | 6.3% | 13.9% | 9 |
| 2020s | 19.1% | 11.5% | 26.0% | 4 |
Countries ranked near Solomon Islands
- 71 Malta 30.0%
- 72 Micronesia, Federated States of 27.8% compare
- 73 Türkiye 26.6% compare
- 75 Guatemala 25.2%
- 76 Switzerland 22.3% compare
- 77 Kazakhstan 20.9% compare
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 central government debt, total in Solomon Islands?
- Central government debt, total in Solomon Islands was 26.0% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Solomon Islands?
- The highest recorded value was 26.0% in 2024.
- What is the lowest central government debt, total recorded in Solomon Islands?
- The lowest recorded value was 6.3% in 2016.
- How does Solomon Islands rank for central government debt, total?
- Solomon Islands ranks 74th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Solomon Islands?
- Over the last ten years it is up 198.6%. The long-run trend across the full record is rising.
- Where does this Solomon Islands data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. 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.