Domestic credit provided by financial sector in Solomon Islands
Solomon Islands: Domestic credit provided by financial sector was 36.3% in 2024. ▼ Falling
Domestic credit provided by financial sector in Solomon Islands, 1978–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit provided by financial sector in Solomon Islands is 36.3%, measured in 2024.
That represents a change of down 1.3% on the previous year and up 88.7% over ten years.
Over the whole period, domestic credit provided by financial sector in Solomon Islands peaked at 48.6% in 1989 and was at its lowest, 8.9%, in 1978.
That places Solomon Islands 50th out of 65 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 47 years of available data.
Domestic credit provided by financial sector in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 8.9% | — |
| 1979 | 12.7% | +42.9% |
| 1980 | 20.1% | +58.3% |
| 1981 | 25.3% | +26.2% |
| 1982 | 25.6% | +0.9% |
| 1983 | 24.7% | -3.3% |
| 1984 | 28.2% | +13.9% |
| 1985 | 37.9% | +34.6% |
| 1986 | 36.8% | -2.8% |
| 1987 | 35.9% | -2.5% |
| 1988 | 40.7% | +13.3% |
| 1989 | 48.6% | +19.5% |
| 1990 | 33.5% | -31.0% |
| 1991 | 37.9% | +13.0% |
| 1992 | 35.6% | -5.9% |
| 1993 | 34.5% | -3.2% |
| 1994 | 29.4% | -14.8% |
| 1995 | 27.4% | -6.9% |
| 1996 | 26.6% | -2.8% |
| 1997 | 26.2% | -1.6% |
| 1998 | 23.3% | -10.9% |
| 1999 | 21.8% | -6.7% |
| 2000 | 27.4% | +26.0% |
| 2001 | 39.8% | +45.0% |
| 2002 | 38.1% | -4.2% |
| 2003 | 28.2% | -26.0% |
| 2004 | 22.1% | -21.7% |
| 2005 | 22.0% | -0.3% |
| 2006 | 23.2% | +5.3% |
| 2007 | 26.5% | +14.4% |
| 2008 | 29.5% | +11.4% |
| 2009 | 26.5% | -10.2% |
| 2010 | 20.3% | -23.4% |
| 2011 | 11.8% | -42.0% |
| 2012 | 10.2% | -13.6% |
| 2013 | 17.3% | +70.1% |
| 2014 | 19.2% | +11.1% |
| 2015 | 21.5% | +11.9% |
| 2016 | 26.1% | +21.1% |
| 2017 | 25.3% | -3.1% |
| 2018 | 24.3% | -3.6% |
| 2019 | 25.6% | +5.2% |
| 2020 | 27.5% | +7.2% |
| 2021 | 29.9% | +8.8% |
| 2022 | 35.1% | +17.3% |
| 2023 | 36.8% | +4.9% |
| 2024 | 36.3% | -1.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 36.3% is above the median for lower middle income countries, which is 36.3%, 1.0× the median. (17 countries reporting)
- Solomon Islands's 36.3% is below the median for East Asia & Pacific, which is 90.4%, 40% of the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.8% | 8.9% | 12.7% | 2 |
| 1980s | 32.4% | 20.1% | 48.6% | 10 |
| 1990s | 29.6% | 21.8% | 37.9% | 10 |
| 2000s | 28.3% | 22.0% | 39.8% | 10 |
| 2010s | 20.2% | 10.2% | 26.1% | 10 |
| 2020s | 33.1% | 27.5% | 36.8% | 5 |
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 domestic credit provided by financial sector in Solomon Islands?
- Domestic credit provided by financial sector in Solomon Islands was 36.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Solomon Islands?
- The highest recorded value was 48.6% in 1989.
- What is the lowest domestic credit provided by financial sector recorded in Solomon Islands?
- The lowest recorded value was 8.9% in 1978.
- How does Solomon Islands rank for domestic credit provided by financial sector?
- Solomon Islands ranks 50th out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Solomon Islands?
- Over the last ten years it is up 88.7%. The long-run trend across the full record is falling.
- Where does this Solomon Islands data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.