Total debt service in Solomon Islands
Solomon Islands: Total debt service was 3.6% in 2024. ◆ Volatile
Total debt service in Solomon Islands, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Solomon Islands recorded 3.6% for total debt service in 2024.
That represents a change of down 25.3% on the previous year and up 29.2% over ten years.
Over the whole period, total debt service in Solomon Islands peaked at 14.6% in 2004 and was at its lowest, 0.0%, in 1978.
Solomon Islands ranks 109th of 120 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Solomon Islands, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1978 | 0.0% | — |
| 1979 | 1.9% | +5162.2% |
| 1980 | 0.4% | -81.5% |
| 1981 | 0.6% | +70.6% |
| 1982 | 0.6% | +0.4% |
| 1983 | 0.8% | +37.1% |
| 1984 | 2.3% | +182.6% |
| 1985 | 4.5% | +92.6% |
| 1986 | 5.6% | +24.0% |
| 1987 | 10.1% | +80.6% |
| 1988 | 6.7% | -33.4% |
| 1989 | 9.2% | +37.7% |
| 1990 | 11.8% | +28.5% |
| 1991 | 11.5% | -2.7% |
| 1992 | 5.5% | -52.4% |
| 1993 | 5.8% | +5.6% |
| 1994 | 8.2% | +41.6% |
| 1995 | 3.8% | -53.2% |
| 1996 | 3.9% | +0.8% |
| 1997 | 2.5% | -35.6% |
| 1998 | 6.0% | +140.6% |
| 1999 | 4.8% | -19.2% |
| 2000 | 7.1% | +46.6% |
| 2001 | 7.2% | +0.8% |
| 2002 | 11.0% | +53.1% |
| 2003 | 9.9% | -10.0% |
| 2004 | 14.6% | +48.4% |
| 2005 | 9.1% | -38.0% |
| 2006 | 2.5% | -72.9% |
| 2007 | 6.0% | +142.6% |
| 2008 | 5.4% | -9.5% |
| 2009 | 4.2% | -22.2% |
| 2010 | 6.2% | +46.8% |
| 2011 | 2.7% | -56.3% |
| 2012 | 4.6% | +69.4% |
| 2013 | 7.3% | +59.7% |
| 2014 | 2.8% | -61.4% |
| 2015 | 2.4% | -14.0% |
| 2016 | 3.8% | +58.5% |
| 2017 | 4.7% | +21.9% |
| 2018 | 4.9% | +4.5% |
| 2019 | 4.0% | -17.8% |
| 2020 | 6.5% | +62.4% |
| 2021 | 2.5% | -62.5% |
| 2022 | 2.4% | -1.5% |
| 2023 | 4.9% | +102.4% |
| 2024 | 3.6% | -25.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 3.6% is below the median for lower middle income countries, which is 16.6%, 22% of the median. (43 countries reporting)
- Solomon Islands's 3.6% is below the median for East Asia & Pacific, which is 9.3%, 39% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Total debt service 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 |
|---|---|---|---|
| 1979 | +5162.2% | 0.0% | 1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.0% | 0.0% | 1.9% | 2 |
| 1980s | 4.1% | 0.4% | 10.1% | 10 |
| 1990s | 6.4% | 2.5% | 11.8% | 10 |
| 2000s | 7.7% | 2.5% | 14.6% | 10 |
| 2010s | 4.3% | 2.4% | 7.3% | 10 |
| 2020s | 4.0% | 2.4% | 6.5% | 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)
- 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 total debt service in Solomon Islands?
- Total debt service in Solomon Islands was 3.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Solomon Islands?
- The highest recorded value was 14.6% in 2004.
- What is the lowest total debt service recorded in Solomon Islands?
- The lowest recorded value was 0.0% in 1978.
- How does Solomon Islands rank for total debt service?
- Solomon Islands ranks 109th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Solomon Islands?
- Over the last ten years it is up 29.2%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.