Domestic credit to private sector in Solomon Islands
Solomon Islands: Domestic credit to private sector was 33.7% in 2024. ▲ Rising
Domestic credit to private sector in Solomon Islands, 1978–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Solomon Islands recorded 33.7% for domestic credit to private sector in 2024.
Compared with earlier readings it is down 3.1% on the previous year and up 6.6% 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.
That places Solomon Islands 110th out of 187 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 47 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 | 15.2% | -18.6% |
| 2004 | 14.4% | -5.4% |
| 2005 | 15.4% | +7.3% |
| 2006 | 18.5% | +20.4% |
| 2007 | 23.3% | +25.5% |
| 2008 | 25.2% | +8.5% |
| 2009 | 23.8% | -5.8% |
| 2010 | 20.5% | -13.6% |
| 2011 | 18.8% | -8.3% |
| 2012 | 19.7% | +4.7% |
| 2013 | 29.3% | +48.7% |
| 2014 | 31.6% | +7.9% |
| 2015 | 33.0% | +4.4% |
| 2016 | 34.2% | +3.7% |
| 2017 | 33.2% | -2.9% |
| 2018 | 30.7% | -7.6% |
| 2019 | 30.7% | +0.1% |
| 2020 | 32.6% | +6.0% |
| 2021 | 32.8% | +0.8% |
| 2022 | 34.7% | +5.7% |
| 2023 | 34.8% | +0.2% |
| 2024 | 33.7% | -3.1% |
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 | 19.0% | 14.4% | 25.2% | 10 |
| 2010s | 28.2% | 18.8% | 34.2% | 10 |
| 2020s | 33.7% | 32.6% | 34.8% | 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 to private sector in Solomon Islands?
- Domestic credit to private sector in Solomon Islands was 33.7% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- 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 110th out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in Solomon Islands?
- Over the last ten years it is up 6.6%. 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 (% 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 by financial corporations, 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. The financial corporations include 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.