Deposit interest rate (%) in Solomon Islands
Solomon Islands: Deposit interest rate (%) was 0.4% in 2023. ◆ Volatile
Deposit interest rate in Solomon Islands, 2010–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2023, deposit interest rate in Solomon Islands stood at 0.4%.
Compared with earlier readings it is down 10.3% on the previous year and up 39.0% over ten years.
Over the whole period, deposit interest rate in Solomon Islands peaked at 3.3% in 2010 and was at its lowest, 0.2%, in 2016.
Solomon Islands ranks 139th of 153 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Solomon Islands, year by year
| Year | % | Change |
|---|---|---|
| 2010 | 3.3% | — |
| 2011 | 2.0% | -39.2% |
| 2012 | 0.9% | -56.9% |
| 2013 | 0.3% | -65.9% |
| 2014 | 0.2% | -15.9% |
| 2015 | 0.3% | +24.3% |
| 2016 | 0.2% | -31.6% |
| 2017 | 0.3% | +46.0% |
| 2018 | 0.3% | +11.2% |
| 2019 | 0.3% | +2.0% |
| 2020 | 0.5% | +42.7% |
| 2021 | 0.5% | -6.6% |
| 2022 | 0.5% | -1.7% |
| 2023 | 0.4% | -10.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 0.4% is below the median for lower middle income countries, which is 5.2%, 8% of the median. (42 countries reporting)
- Solomon Islands's 0.4% is below the median for East Asia & Pacific, which is 1.5%, 27% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.8% | 0.2% | 3.3% | 10 |
| 2020s | 0.5% | 0.4% | 0.5% | 4 |
Countries ranked near Solomon Islands
More financial sector data for Solomon Islands
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 5.14 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 3.76 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 5.14 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Solomon Islands?
- Deposit interest rate in Solomon Islands was 0.4% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Solomon Islands?
- The highest recorded value was 3.3% in 2010.
- What is the lowest deposit interest rate recorded in Solomon Islands?
- The lowest recorded value was 0.2% in 2016.
- How does Solomon Islands rank for deposit interest rate?
- Solomon Islands ranks 139th out of 153 countries with data for 2023.
- Is deposit interest rate rising or falling in Solomon Islands?
- Over the last ten years it is up 39.0%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.