Lower middle income vs Solomon Islands: Total reserves in months of imports
Total reserves in months of imports over time
- Lower middle income
- Solomon Islands
How they compare
Solomon Islands currently reports 8.9 against 7.24 in Lower middle income, a difference of 1.66.
That makes Solomon Islands's figure about 1.2 times Lower middle income's.
The two have swapped places 3 times across 48 shared years of data; in 1977 it was Lower middle income ahead.
Lower middle income ranks 19th and Solomon Islands ranks 21st of 47 groups.
Across the 6 decades both report, Lower middle income averaged higher in 4 and Solomon Islands in 2.
Head to head by decade
| Decade | Lower middle income | Solomon Islands | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 7.16 | 4.11 | 3.06 | Lower middle income |
| 1980s | 5.81 | 3.32 | 2.49 | Lower middle income |
| 1990s | 6.67 | 1.46 | 5.22 | Lower middle income |
| 2000s | 8.38 | 3.24 | 5.13 | Lower middle income |
| 2010s | 7.57 | 8.12 | 0.549 | Solomon Islands |
| 2020s | 8.44 | 10.79 | 2.34 | Solomon Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total reserves in months of imports, Lower middle income or Solomon Islands?
- Solomon Islands, at 8.9 against 7.24 in Lower middle income as of 2024.
- What is the difference in total reserves in months of imports between Lower middle income and Solomon Islands?
- 1.66, with Solomon Islands ahead.
- How many years of comparable data are there for Lower middle income and Solomon Islands?
- 48 years are reported by both, from 1977 to 2024.
- How do Lower middle income and Solomon Islands rank globally for total reserves in months of imports?
- Lower middle income ranks 19th and Solomon Islands ranks 21st of 47 groups.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Total reserves in months of imports. Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].