Domestic credit to private sector in Solomon Islands
Solomon Islands: Domestic credit to private sector was 32.4% in 2020. ▲ Rising
Domestic credit to private sector in Solomon Islands, 1978–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
In 2020, domestic credit to private sector in Solomon Islands stood at 32.4%.
Compared with earlier readings it is up 2.1% on the previous year and up 48.6% over ten years.
Over the whole period, domestic credit to private sector in Solomon Islands peaked at 39.3% in 1989 and was at its lowest, 10.8%, in 1978.
Solomon Islands ranks 118th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 43 years of available data.
Domestic credit to private sector in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 10.8% | — |
| 1979 | 16.0% | +48.2% |
| 1980 | 19.5% | +22.3% |
| 1981 | 22.8% | +16.5% |
| 1982 | 21.6% | -5.0% |
| 1983 | 21.6% | -0.2% |
| 1984 | 24.2% | +12.3% |
| 1985 | 32.0% | +31.9% |
| 1986 | 33.0% | +3.1% |
| 1987 | 30.9% | -6.2% |
| 1988 | 34.6% | +11.8% |
| 1989 | 39.3% | +13.6% |
| 1990 | 19.1% | -51.4% |
| 1991 | 16.1% | -15.5% |
| 1992 | 16.8% | +4.2% |
| 1993 | 16.5% | -1.9% |
| 1994 | 13.8% | -16.3% |
| 1995 | 13.0% | -5.5% |
| 1996 | 14.0% | +7.4% |
| 1997 | 14.4% | +2.9% |
| 1998 | 15.0% | +4.4% |
| 1999 | 14.8% | -1.7% |
| 2000 | 16.6% | +12.2% |
| 2001 | 19.4% | +16.8% |
| 2002 | 18.7% | -3.7% |
| 2003 | 18.0% | -3.6% |
| 2004 | 16.9% | -6.0% |
| 2005 | 17.9% | +5.6% |
| 2006 | 21.2% | +19.0% |
| 2007 | 26.1% | +22.8% |
| 2008 | 28.0% | +7.5% |
| 2009 | 26.0% | -7.2% |
| 2010 | 21.8% | -16.3% |
| 2011 | 19.1% | -12.3% |
| 2012 | 19.6% | +2.8% |
| 2013 | 29.3% | +49.5% |
| 2014 | 31.6% | +7.8% |
| 2015 | 33.0% | +4.5% |
| 2016 | 34.2% | +3.7% |
| 2017 | 32.9% | -3.9% |
| 2018 | 31.5% | -4.3% |
| 2019 | 31.7% | +0.7% |
| 2020 | 32.4% | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.4% | 10.8% | 16.0% | 2 |
| 1980s | 27.9% | 19.5% | 39.3% | 10 |
| 1990s | 15.4% | 13.0% | 19.1% | 10 |
| 2000s | 20.9% | 16.6% | 28.0% | 10 |
| 2010s | 28.5% | 19.1% | 34.2% | 10 |
| 2020s | 32.4% | 32.4% | 32.4% | 1 |
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 in Solomon Islands?
- Domestic credit to private sector in Solomon Islands was 32.4% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Solomon Islands?
- The highest recorded value was 39.3% in 1989.
- What is the lowest domestic credit to private sector recorded in Solomon Islands?
- The lowest recorded value was 10.8% in 1978.
- How does Solomon Islands rank for domestic credit to private sector?
- Solomon Islands ranks 118th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Solomon Islands?
- Over the last ten years it is up 48.6%. The long-run trend across the full record is rising.
- Where does this Solomon Islands data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.