Domestic credit to private sector by banks (% of GDP) in Solomon Islands
Solomon Islands: Domestic credit to private sector by banks (% of GDP) was 20.2% in 2025. ▲ Rising
Domestic credit to private sector by banks in Solomon Islands, 1978–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Solomon Islands recorded 20.2% for domestic credit to private sector by banks in 2025.
Compared with earlier readings it is down 6.0% on the previous year and up 5.7% over ten years.
Over the whole period, domestic credit to private sector by banks in Solomon Islands peaked at 24.0% in 1989 and was at its lowest, 5.9%, in 1978.
Solomon Islands ranks 143rd of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 48 years of available data.
Domestic credit to private sector by banks (% of GDP) in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 5.9% | — |
| 1979 | 10.0% | +70.8% |
| 1980 | 11.4% | +13.9% |
| 1981 | 12.7% | +11.0% |
| 1982 | 12.0% | -5.5% |
| 1983 | 9.9% | -17.6% |
| 1984 | 12.9% | +30.8% |
| 1985 | 19.2% | +48.7% |
| 1986 | 20.1% | +4.5% |
| 1987 | 17.8% | -11.5% |
| 1988 | 19.1% | +7.4% |
| 1989 | 24.0% | +25.7% |
| 1990 | 15.7% | -34.4% |
| 1991 | 12.8% | -18.5% |
| 1992 | 9.9% | -22.8% |
| 1993 | 9.6% | -2.6% |
| 1994 | 8.8% | -9.1% |
| 1995 | 8.3% | -5.0% |
| 1996 | 7.8% | -6.5% |
| 1997 | 8.0% | +2.4% |
| 1998 | 8.7% | +9.5% |
| 1999 | 8.8% | +1.3% |
| 2000 | 9.9% | +12.4% |
| 2001 | 8.0% | -19.6% |
| 2002 | 8.2% | +2.8% |
| 2003 | 7.5% | -8.1% |
| 2004 | 7.4% | -2.0% |
| 2005 | 9.9% | +34.1% |
| 2006 | 13.9% | +40.6% |
| 2007 | 18.9% | +35.6% |
| 2008 | 21.2% | +11.8% |
| 2009 | 18.8% | -11.1% |
| 2010 | 16.1% | -14.6% |
| 2011 | 15.0% | -6.8% |
| 2012 | 14.5% | -3.0% |
| 2013 | 15.5% | +6.8% |
| 2014 | 17.2% | +11.0% |
| 2015 | 19.1% | +11.1% |
| 2016 | 20.3% | +5.9% |
| 2017 | 20.4% | +0.6% |
| 2018 | 19.1% | -6.1% |
| 2019 | 19.7% | +2.9% |
| 2020 | 20.7% | +5.1% |
| 2021 | 20.8% | +0.3% |
| 2022 | 21.9% | +5.4% |
| 2023 | 21.7% | -0.8% |
| 2024 | 21.5% | -1.0% |
| 2025 | 20.2% | -6.0% |
Solomon Islands compared with similar countries
- Solomon Islands's 20.2% is below the median for lower middle income countries, which is 23.4%, 86% of the median. (46 countries reporting)
- Solomon Islands's 20.2% is below the median for East Asia & Pacific, which is 65.2%, 31% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.0% | 5.9% | 10.0% | 2 |
| 1980s | 15.9% | 9.9% | 24.0% | 10 |
| 1990s | 9.9% | 7.8% | 15.7% | 10 |
| 2000s | 12.4% | 7.4% | 21.2% | 10 |
| 2010s | 17.7% | 14.5% | 20.4% | 10 |
| 2020s | 21.1% | 20.2% | 21.9% | 6 |
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 to private sector by banks in Solomon Islands?
- Domestic credit to private sector by banks in Solomon Islands was 20.2% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Solomon Islands?
- The highest recorded value was 24.0% in 1989.
- What is the lowest domestic credit to private sector by banks recorded in Solomon Islands?
- The lowest recorded value was 5.9% in 1978.
- How does Solomon Islands rank for domestic credit to private sector by banks?
- Solomon Islands ranks 143rd out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Solomon Islands?
- Over the last ten years it is up 5.7%. The long-run trend across the full record is rising.
- 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 to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.