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 GNI.
Analysis
The most recent figure for gross savings in Solomon Islands is 1.1%, measured in 2024.
Compared with earlier readings it is down 80.7% on the previous year and down 89.8% over ten years.
Over the whole period, gross savings in Solomon Islands peaked at 22.4% in 2003 and was at its lowest, -137.2%, in 1980.
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 | % of GNI | Change |
|---|---|---|
| 1980 | -137.2% | — |
| 1981 | -127.5% | -7.1% |
| 1982 | -135.2% | +6.0% |
| 1983 | -132.1% | -2.3% |
| 1984 | -132.4% | +0.3% |
| 1985 | -128.7% | -2.8% |
| 1986 | -57.5% | -55.3% |
| 1987 | -19.9% | -65.5% |
| 1988 | -81.5% | +310.4% |
| 1989 | -62.6% | -23.1% |
| 1990 | -35.8% | -42.9% |
| 1991 | -46.8% | +30.8% |
| 1992 | -18.6% | -60.2% |
| 1993 | -27.9% | +49.7% |
| 1994 | -13.7% | -51.0% |
| 1995 | -7.7% | -43.8% |
| 1996 | -10.7% | +39.1% |
| 1997 | -7.6% | -28.8% |
| 1998 | 7.9% | -203.3% |
| 1999 | 6.4% | -18.3% |
| 2000 | -6.9% | -207.0% |
| 2001 | -19.6% | +186.4% |
| 2002 | -4.6% | -76.6% |
| 2003 | 22.4% | -585.9% |
| 2004 | 16.8% | -24.9% |
| 2005 | 2.7% | -84.0% |
| 2006 | 13.0% | +382.9% |
| 2007 | 16.1% | +24.0% |
| 2008 | 12.7% | -21.4% |
| 2009 | 14.0% | +10.0% |
| 2010 | 14.5% | +3.9% |
| 2011 | 19.9% | +37.2% |
| 2012 | 16.3% | -18.0% |
| 2013 | 15.4% | -5.6% |
| 2014 | 10.6% | -31.0% |
| 2015 | 11.7% | +9.8% |
| 2016 | 10.0% | -14.0% |
| 2017 | 15.4% | +54.0% |
| 2018 | 15.3% | -1.0% |
| 2019 | 13.3% | -13.3% |
| 2020 | 18.2% | +37.4% |
| 2021 | 18.7% | +2.7% |
| 2022 | 11.7% | -37.4% |
| 2023 | 5.6% | -52.0% |
| 2024 | 1.1% | -80.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -101.5% | -137.2% | -19.9% | 10 |
| 1990s | -15.4% | -46.8% | 7.9% | 10 |
| 2000s | 6.7% | -19.6% | 22.4% | 10 |
| 2010s | 14.2% | 10.0% | 19.9% | 10 |
| 2020s | 11.1% | 1.1% | 18.7% | 5 |
Countries ranked near Solomon Islands
- 170 Republic of Moldova 4.1% compare
- 171 Seychelles 2.6% compare
- 172 Mozambique 1.9% compare
- 174 Malawi -2.0% compare
- 175 Yemen -4.6% compare
- 176 Lebanon -12.7% 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1009 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 195.12 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.8532 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 1,650 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0877 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 169.59 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 1,018 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 14.43 % change on previous year (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 22.4% in 2003.
- What is the lowest gross savings recorded in Solomon Islands?
- The lowest recorded value was -137.2% in 1980.
- 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 89.8%. 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 (% of GNI). 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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.