Debt service as a proportion of exports of goods, services and in Solomon Islands
Solomon Islands: Debt service as a proportion of exports of goods, services and was 2.2% in 2023. ◆ Volatile
Latest (2023)
2.2%
Change on year
up 46.8%
World rank
110th
of 125 countries
All-time high
5.6%
in 2003
All-time low
1.2%
in 2012
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Solomon Islands, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Solomon Islands recorded 2.2% for debt service as a proportion of exports of goods, services and in 2023.
The figure is up 46.8% on the previous year and up 69.8% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Solomon Islands peaked at 5.6% in 2003 and was at its lowest, 1.2%, in 2012.
Solomon Islands ranks 110th of 125 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Solomon Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 2.8% | — |
| 2001 | 1.8% | -36.1% |
| 2002 | 2.8% | +58.5% |
| 2003 | 5.6% | +97.3% |
| 2004 | 3.8% | -32.2% |
| 2005 | 4.8% | +26.8% |
| 2006 | 2.4% | -51.2% |
| 2007 | 4.9% | +110.3% |
| 2008 | 5.4% | +9.2% |
| 2009 | 3.5% | -34.8% |
| 2010 | 3.1% | -11.9% |
| 2011 | 1.5% | -52.8% |
| 2012 | 1.2% | -15.5% |
| 2013 | 1.3% | +4.2% |
| 2014 | 1.5% | +18.8% |
| 2015 | 1.6% | +5.9% |
| 2016 | 1.9% | +18.7% |
| 2017 | 1.6% | -17.5% |
| 2018 | 1.3% | -18.0% |
| 2019 | 1.3% | +0.6% |
| 2020 | 1.4% | +3.4% |
| 2021 | 1.5% | +10.8% |
| 2022 | 1.5% | -0.6% |
| 2023 | 2.2% | +46.8% |
Solomon Islands compared with similar countries
- Solomon Islands's 2.2% is below the median for lower middle income countries, which is 7.0%, 31% of the median. (41 countries reporting)
- Solomon Islands's 2.2% is below the median for East Asia & Pacific, which is 4.7%, 46% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | 1.8% | 5.6% | 10 |
| 2010s | 1.6% | 1.2% | 3.1% | 10 |
| 2020s | 1.6% | 1.4% | 2.2% | 4 |
Countries ranked near Solomon Islands
- 107 Ghana 2.7% compare
- 108 Afghanistan 2.2% compare
- 109 Guinea 2.2% compare
- 111 Zimbabwe 2.1% compare
- 112 Timor-Leste 2.0% compare
- 112 East Timor 2.0% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 52.88 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0334 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 64.55 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -58.21 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0208 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Solomon Islands?
- Debt service as a proportion of exports of goods, services and in Solomon Islands was 2.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Solomon Islands?
- The highest recorded value was 5.6% in 2003.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Solomon Islands?
- The lowest recorded value was 1.2% in 2012.
- How does Solomon Islands rank for debt service as a proportion of exports of goods, services and?
- Solomon Islands ranks 110th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Solomon Islands?
- Over the last ten years it is up 69.8%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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