Total debt service in Solomon Islands
Solomon Islands: Total debt service was 1.6% in 2024. ◆ Volatile
Total debt service in Solomon Islands, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Solomon Islands recorded 1.6% for total debt service in 2024.
The figure is down 16.0% on the previous year and up 25.1% over ten years.
Over the whole period, total debt service in Solomon Islands peaked at 6.1% in 1991 and was at its lowest, 0.0%, in 1978.
Solomon Islands ranks 102nd of 122 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 GNI | Change |
|---|---|---|
| 1978 | 0.0% | — |
| 1979 | 1.4% | +6696.1% |
| 1980 | 0.2% | -87.7% |
| 1981 | 0.2% | +40.6% |
| 1982 | 0.2% | -2.7% |
| 1983 | 0.4% | +55.0% |
| 1984 | 1.5% | +285.4% |
| 1985 | 2.3% | +61.8% |
| 1986 | 3.3% | +40.3% |
| 1987 | 6.0% | +81.3% |
| 1988 | 4.3% | -28.3% |
| 1989 | 5.9% | +37.1% |
| 1990 | 5.5% | -5.9% |
| 1991 | 6.1% | +11.1% |
| 1992 | 2.9% | -52.1% |
| 1993 | 3.4% | +14.4% |
| 1994 | 4.0% | +18.2% |
| 1995 | 1.8% | -55.8% |
| 1996 | 1.7% | -4.9% |
| 1997 | 1.1% | -33.8% |
| 1998 | 2.7% | +140.4% |
| 1999 | 2.3% | -12.3% |
| 2000 | 2.2% | -5.5% |
| 2001 | 1.7% | -21.6% |
| 2002 | 1.7% | -2.3% |
| 2003 | 2.3% | +34.7% |
| 2004 | 4.0% | +73.9% |
| 2005 | 2.5% | -35.9% |
| 2006 | 0.7% | -71.8% |
| 2007 | 2.1% | +194.2% |
| 2008 | 2.1% | -0.1% |
| 2009 | 1.3% | -36.6% |
| 2010 | 2.4% | +81.8% |
| 2011 | 1.5% | -36.2% |
| 2012 | 2.6% | +71.3% |
| 2013 | 3.4% | +29.5% |
| 2014 | 1.3% | -61.7% |
| 2015 | 1.1% | -16.8% |
| 2016 | 1.7% | +57.2% |
| 2017 | 2.1% | +20.5% |
| 2018 | 2.2% | +7.4% |
| 2019 | 1.6% | -27.5% |
| 2020 | 2.0% | +25.4% |
| 2021 | 0.7% | -64.0% |
| 2022 | 0.8% | +7.6% |
| 2023 | 2.0% | +149.3% |
| 2024 | 1.6% | -16.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7% | 0.0% | 1.4% | 2 |
| 1980s | 2.4% | 0.2% | 6.0% | 10 |
| 1990s | 3.1% | 1.1% | 6.1% | 10 |
| 2000s | 2.1% | 0.7% | 4.0% | 10 |
| 2010s | 2.0% | 1.1% | 3.4% | 10 |
| 2020s | 1.4% | 0.7% | 2.0% | 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)
- Gross capital formation (constant 2015 US$), annual growth rate 1.88 % change on previous year (2024)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2196 constant 2015 US$ per US$ of GDP (2024)
- Gross capital formation (constant 2015 US$), per capita 424.51 constant 2015 US$ per person (2024)
- Imports of goods and services (current US$), annual growth rate 14.75 % change on previous year (2024)
- Imports of goods and services (current US$), per unit of GDP 0.7078 current US$ per US$ of GDP (2024)
- Imports of goods and services (current US$), per capita 1,369 current US$ per person (2024)
- Imports of goods and services (current LCU), annual growth rate 15.83 % change on previous year (2024)
- Imports of goods and services (current LCU), per unit of GDP 5.98 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is total debt service in Solomon Islands?
- Total debt service in Solomon Islands was 1.6% 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 6.1% in 1991.
- 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 102nd out of 122 countries with data for 2024.
- Is total debt service rising or falling in Solomon Islands?
- Over the last ten years it is up 25.1%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.