Gross savings in Solomon Islands
Solomon Islands: Gross savings was 1.1% in 2024. ◆ Volatile
Gross savings in Solomon Islands, 1980–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Solomon Islands stood at 1.1%.
The figure is down 81.1% on the previous year and down 89.7% over ten years.
Over the whole period, gross savings in Solomon Islands peaked at 22.2% in 2003 and was at its lowest, -129.0%, in 1982.
That places Solomon Islands 173rd out of 178 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 savings in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | -126.0% | — |
| 1981 | -124.9% | -0.8% |
| 1982 | -129.0% | +3.2% |
| 1983 | -126.0% | -2.3% |
| 1984 | -126.0% | +0.0% |
| 1985 | -124.8% | -1.0% |
| 1986 | -55.2% | -55.8% |
| 1987 | -18.9% | -65.8% |
| 1988 | -77.6% | +311.1% |
| 1989 | -59.8% | -22.9% |
| 1990 | -34.9% | -41.6% |
| 1991 | -44.9% | +28.8% |
| 1992 | -17.9% | -60.1% |
| 1993 | -27.5% | +53.4% |
| 1994 | -13.6% | -50.7% |
| 1995 | -7.6% | -44.2% |
| 1996 | -10.5% | +39.2% |
| 1997 | -7.5% | -29.0% |
| 1998 | 7.7% | -203.1% |
| 1999 | 6.2% | -19.8% |
| 2000 | -6.8% | -209.7% |
| 2001 | -19.6% | +189.3% |
| 2002 | -4.5% | -77.1% |
| 2003 | 22.2% | -592.6% |
| 2004 | 16.9% | -23.9% |
| 2005 | 2.7% | -84.0% |
| 2006 | 12.7% | +370.7% |
| 2007 | 15.4% | +20.7% |
| 2008 | 11.8% | -23.3% |
| 2009 | 13.0% | +10.3% |
| 2010 | 13.8% | +6.2% |
| 2011 | 18.5% | +34.3% |
| 2012 | 15.5% | -16.2% |
| 2013 | 15.4% | -0.6% |
| 2014 | 10.5% | -32.0% |
| 2015 | 11.4% | +9.0% |
| 2016 | 9.7% | -15.1% |
| 2017 | 15.1% | +55.7% |
| 2018 | 15.1% | -0.2% |
| 2019 | 13.1% | -13.1% |
| 2020 | 18.6% | +42.1% |
| 2021 | 18.9% | +1.5% |
| 2022 | 11.8% | -37.8% |
| 2023 | 5.7% | -51.4% |
| 2024 | 1.1% | -81.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -96.8% | -129.0% | -18.9% | 10 |
| 1990s | -15.1% | -44.9% | 7.7% | 10 |
| 2000s | 6.4% | -19.6% | 22.2% | 10 |
| 2010s | 13.8% | 9.7% | 18.5% | 10 |
| 2020s | 11.2% | 1.1% | 18.9% | 5 |
Countries ranked near Solomon Islands
- 170 Republic of Moldova 4.1% compare
- 171 Seychelles 2.5% compare
- 172 Mozambique 1.7% compare
- 174 Malawi -2.0% compare
- 175 Yemen -4.5% compare
- 176 Lebanon -12.5% 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)
- 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 gross savings in Solomon Islands?
- Gross savings in Solomon Islands was 1.1% 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 22.2% in 2003.
- What is the lowest gross savings recorded in Solomon Islands?
- The lowest recorded value was -129.0% 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 89.7%. 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 (% of GDP). 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 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.