Gross domestic savings (% of GDP) in Solomon Islands
Solomon Islands: Gross domestic savings (% of GDP) was -8.1% in 2024. ◆ Volatile
Gross domestic savings in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2024, gross domestic savings in Solomon Islands stood at -8.1%.
The figure is down 66.3% on the previous year and down 244.5% over ten years.
Over the whole period, gross domestic savings in Solomon Islands peaked at 16.4% in 2003 and was at its lowest, -129.0%, in 1981.
That places Solomon Islands 173rd out of 188 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic savings (% of GDP) in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | -128.7% | — |
| 1981 | -129.0% | +0.2% |
| 1982 | -128.5% | -0.4% |
| 1983 | -128.7% | +0.2% |
| 1984 | -128.7% | +0.0% |
| 1985 | -128.9% | +0.1% |
| 1986 | -78.5% | -39.1% |
| 1987 | -38.7% | -50.7% |
| 1988 | -99.7% | +157.7% |
| 1989 | -80.1% | -19.7% |
| 1990 | -50.2% | -37.4% |
| 1991 | -57.8% | +15.3% |
| 1992 | -28.7% | -50.3% |
| 1993 | -40.3% | +40.3% |
| 1994 | -26.6% | -33.9% |
| 1995 | -13.9% | -47.8% |
| 1996 | -17.6% | +26.5% |
| 1997 | -12.6% | -28.2% |
| 1998 | 2.1% | -116.7% |
| 1999 | 6.6% | +211.1% |
| 2000 | -7.4% | -212.2% |
| 2001 | -22.1% | +199.9% |
| 2002 | -4.7% | -78.7% |
| 2003 | 16.4% | -448.5% |
| 2004 | 11.0% | -32.8% |
| 2005 | 1.5% | -86.5% |
| 2006 | 3.2% | +115.9% |
| 2007 | 6.9% | +113.4% |
| 2008 | 4.8% | -29.9% |
| 2009 | 5.5% | +13.8% |
| 2010 | 4.0% | -27.5% |
| 2011 | 13.4% | +236.9% |
| 2012 | 11.7% | -12.7% |
| 2013 | 7.6% | -35.1% |
| 2014 | 5.6% | -26.3% |
| 2015 | 7.0% | +24.6% |
| 2016 | 8.1% | +16.5% |
| 2017 | 13.6% | +67.0% |
| 2018 | 13.9% | +2.1% |
| 2019 | 12.7% | -8.8% |
| 2020 | 12.0% | -5.5% |
| 2021 | 10.7% | -10.4% |
| 2022 | 2.7% | -74.5% |
| 2023 | -4.9% | -278.5% |
| 2024 | -8.1% | +66.3% |
Solomon Islands compared with similar countries
- Solomon Islands's -8.1% is below the median for lower middle income countries, which is 12.2%. (45 countries reporting)
- Solomon Islands's -8.1% is below the median for East Asia & Pacific, which is 22.0%. (29 countries reporting)
Biggest year-on-year movements
Years where Gross domestic savings (% of GDP) in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +448.5% | -4.7% | 16.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -106.9% | -129.0% | -38.7% | 10 |
| 1990s | -23.9% | -57.8% | 6.6% | 10 |
| 2000s | 1.5% | -22.1% | 16.4% | 10 |
| 2010s | 9.8% | 4.0% | 13.9% | 10 |
| 2020s | 2.5% | -8.1% | 12.0% | 5 |
Countries ranked near Solomon Islands
More economy & growth data for Solomon Islands
- Real gdp growth, annual growth rate 5.53 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate -99.65 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 7.33 units per person (2025)
- SDRs holdings, SDR, annual growth rate -99.64 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5.36 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -12.23 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings in Solomon Islands?
- Gross domestic savings in Solomon Islands was -8.1% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Solomon Islands?
- The highest recorded value was 16.4% in 2003.
- What is the lowest gross domestic savings recorded in Solomon Islands?
- The lowest recorded value was -129.0% in 1981.
- How does Solomon Islands rank for gross domestic savings?
- Solomon Islands ranks 173rd out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Solomon Islands?
- Over the last ten years it is down 244.5%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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.