Gross savings in Solomon Islands
Solomon Islands: Gross savings was 17.12 million current US$ in 2024. ◆ Volatile
Gross savings in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Solomon Islands is 17.12 million current US$, measured in 2024.
Compared with earlier readings it is down 80.1% on the previous year and down 87.8% over ten years.
Over the whole period, gross savings in Solomon Islands peaked at 294.67 million current US$ in 2021 and was at its lowest, -248.76 million current US$, in 1982.
Solomon Islands ranks 173rd of 178 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Solomon Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | -230.37 million current US$ | — |
| 1981 | -242.03 million current US$ | +5.1% |
| 1982 | -248.76 million current US$ | +2.8% |
| 1983 | -228.34 million current US$ | -8.2% |
| 1984 | -228.80 million current US$ | +0.2% |
| 1985 | -206.51 million current US$ | -9.7% |
| 1986 | -81.49 million current US$ | -60.5% |
| 1987 | -29.27 million current US$ | -64.1% |
| 1988 | -136.88 million current US$ | +367.7% |
| 1989 | -103.36 million current US$ | -24.5% |
| 1990 | -74.99 million current US$ | -27.5% |
| 1991 | -102.25 million current US$ | +36.4% |
| 1992 | -48.27 million current US$ | -52.8% |
| 1993 | -82.79 million current US$ | +71.5% |
| 1994 | -54.66 million current US$ | -34.0% |
| 1995 | -35.53 million current US$ | -35.0% |
| 1996 | -53.80 million current US$ | +51.4% |
| 1997 | -39.40 million current US$ | -26.8% |
| 1998 | 35.31 million current US$ | -189.6% |
| 1999 | 30.20 million current US$ | -14.5% |
| 2000 | -28.50 million current US$ | -194.4% |
| 2001 | -80.44 million current US$ | +182.2% |
| 2002 | -15.60 million current US$ | -80.6% |
| 2003 | 92.65 million current US$ | -693.9% |
| 2004 | 79.02 million current US$ | -14.7% |
| 2005 | 14.95 million current US$ | -81.1% |
| 2006 | 78.58 million current US$ | +425.5% |
| 2007 | 106.83 million current US$ | +36.0% |
| 2008 | 91.43 million current US$ | -14.4% |
| 2009 | 104.61 million current US$ | +14.4% |
| 2010 | 123.84 million current US$ | +18.4% |
| 2011 | 196.96 million current US$ | +59.0% |
| 2012 | 183.91 million current US$ | -6.6% |
| 2013 | 198.40 million current US$ | +7.9% |
| 2014 | 140.16 million current US$ | -29.4% |
| 2015 | 149.58 million current US$ | +6.7% |
| 2016 | 133.96 million current US$ | -10.4% |
| 2017 | 222.22 million current US$ | +65.9% |
| 2018 | 243.73 million current US$ | +9.7% |
| 2019 | 212.35 million current US$ | -12.9% |
| 2020 | 286.25 million current US$ | +34.8% |
| 2021 | 294.67 million current US$ | +2.9% |
| 2022 | 172.50 million current US$ | -41.5% |
| 2023 | 86.02 million current US$ | -50.1% |
| 2024 | 17.12 million current US$ | -80.1% |
Solomon Islands compared with similar countries
- Solomon Islands's 17.12 million current US$ is below the median for lower middle income countries, which is 4.69 billion current US$, 0% of the median. (45 countries reporting)
- Solomon Islands's 17.12 million current US$ is below the median for East Asia & Pacific, which is 6.81 billion current US$, 0% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +693.9% | -15.60 million current US$ | 92.65 million current US$ |
| 2006 | +425.5% | 14.95 million current US$ | 78.58 million current US$ |
| 1988 | -367.7% | -29.27 million current US$ | -136.88 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -173.58 million current US$ | -248.76 million current US$ | -29.27 million current US$ | 10 |
| 1990s | -42.62 million current US$ | -102.25 million current US$ | 35.31 million current US$ | 10 |
| 2000s | 44.35 million current US$ | -80.44 million current US$ | 106.83 million current US$ | 10 |
| 2010s | 180.51 million current US$ | 123.84 million current US$ | 243.73 million current US$ | 10 |
| 2020s | 171.31 million current US$ | 17.12 million current US$ | 294.67 million current US$ | 5 |
Countries ranked near Solomon Islands
- 170 Sao Tome and Principe 74.40 million current US$ compare
- 171 Seychelles 56.61 million current US$ compare
- 172 Kiribati 44.11 million current US$ compare
- 174 Palau -35.86 million current US$ compare
- 175 Malawi -224.99 million current US$ compare
- 176 East Timor -394.17 million current US$ 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$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Solomon Islands?
- Gross savings in Solomon Islands was 17.12 million current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Solomon Islands?
- The highest recorded value was 294.67 million current US$ in 2021.
- What is the lowest gross savings recorded in Solomon Islands?
- The lowest recorded value was -248.76 million current US$ in 1982.
- How does Solomon Islands rank for gross savings?
- Solomon Islands ranks 173rd out of 178 countries with data for 2024.
- Is gross savings rising or falling in Solomon Islands?
- Over the last ten years it is down 87.8%. 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 Offices (NSOs), published as part of Gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.