Gross domestic savings in Solomon Islands
Solomon Islands: Gross domestic savings 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 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% |
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
- 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 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.