External debt stocks in Solomon Islands
Solomon Islands: External debt stocks was 33.8% in 2024. ▼ Falling
External debt stocks in Solomon Islands, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Solomon Islands recorded 33.8% for external debt stocks in 2024.
That represents a change of up 8.0% on the previous year and up 138.2% over ten years.
Over the whole period, external debt stocks in Solomon Islands peaked at 66.2% in 1987 and was at its lowest, 11.6%, in 1980.
That places Solomon Islands 85th out of 122 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 47 years of available data.
External debt stocks in Solomon Islands, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1978 | 16.8% | — |
| 1979 | 14.1% | -16.0% |
| 1980 | 11.6% | -18.3% |
| 1981 | 12.3% | +6.8% |
| 1982 | 15.2% | +23.5% |
| 1983 | 19.9% | +30.5% |
| 1984 | 25.5% | +28.3% |
| 1985 | 40.8% | +60.2% |
| 1986 | 54.2% | +32.7% |
| 1987 | 66.2% | +22.0% |
| 1988 | 61.7% | -6.7% |
| 1989 | 60.6% | -1.8% |
| 1990 | 57.5% | -5.1% |
| 1991 | 59.2% | +3.1% |
| 1992 | 36.4% | -38.6% |
| 1993 | 50.7% | +39.4% |
| 1994 | 38.7% | -23.6% |
| 1995 | 34.3% | -11.4% |
| 1996 | 29.3% | -14.6% |
| 1997 | 27.0% | -7.8% |
| 1998 | 34.4% | +27.3% |
| 1999 | 35.2% | +2.4% |
| 2000 | 37.6% | +6.7% |
| 2001 | 40.0% | +6.6% |
| 2002 | 53.3% | +33.2% |
| 2003 | 43.8% | -18.0% |
| 2004 | 38.2% | -12.7% |
| 2005 | 30.2% | -21.0% |
| 2006 | 28.9% | -4.2% |
| 2007 | 27.0% | -6.8% |
| 2008 | 23.2% | -14.0% |
| 2009 | 23.0% | -0.7% |
| 2010 | 27.0% | +17.4% |
| 2011 | 26.0% | -3.7% |
| 2012 | 20.2% | -22.2% |
| 2013 | 15.8% | -21.8% |
| 2014 | 14.2% | -10.2% |
| 2015 | 16.2% | +13.8% |
| 2016 | 19.7% | +22.1% |
| 2017 | 22.4% | +13.5% |
| 2018 | 19.9% | -11.3% |
| 2019 | 19.0% | -4.2% |
| 2020 | 20.5% | +7.8% |
| 2021 | 29.1% | +41.9% |
| 2022 | 30.3% | +4.1% |
| 2023 | 31.3% | +3.3% |
| 2024 | 33.8% | +8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.5% | 14.1% | 16.8% | 2 |
| 1980s | 36.8% | 11.6% | 66.2% | 10 |
| 1990s | 40.3% | 27.0% | 59.2% | 10 |
| 2000s | 34.5% | 23.0% | 53.3% | 10 |
| 2010s | 20.0% | 14.2% | 27.0% | 10 |
| 2020s | 29.0% | 20.5% | 33.8% | 5 |
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)
- Imports of goods and services (constant 2015 US$), annual growth rate 14.2 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.7383 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 1,428 constant 2015 US$ per person (2024)
- External balance on goods and services (current US$), annual growth -11.05 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth -12.1 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 3.38 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 2.51 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 4,860 current LCU per person (2024)
Frequently asked questions
- What is external debt stocks in Solomon Islands?
- External debt stocks in Solomon Islands was 33.8% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks recorded in Solomon Islands?
- The highest recorded value was 66.2% in 1987.
- What is the lowest external debt stocks recorded in Solomon Islands?
- The lowest recorded value was 11.6% in 1980.
- How does Solomon Islands rank for external debt stocks?
- Solomon Islands ranks 85th out of 122 countries with data for 2024.
- Is external debt stocks rising or falling in Solomon Islands?
- Over the last ten years it is up 138.2%. The long-run trend across the full record is falling.
- Where does this Solomon Islands data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total external debt stocks to gross national income. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.