Financial Development Index in Solomon Islands
Solomon Islands: Financial Development Index was 0.0929 in 2020. βΌ Falling
Financial Development Index in Solomon Islands, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Solomon Islands is 0.0929, measured in 2020.
Compared with earlier readings it is up 0.5% on the previous year and up 5.2% over ten years.
Over the whole period, financial development index in Solomon Islands peaked at 0.1835 in 1989 and was at its lowest, 0.0761, in 2005.
Solomon Islands ranks 169th of 183 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.1518 | 0.1185 | 0.1835 | 10 |
| 1990s | 0.1249 | 0.0871 | 0.1799 | 10 |
| 2000s | 0.0917 | 0.0761 | 0.0992 | 10 |
| 2010s | 0.0889 | 0.086 | 0.0924 | 10 |
| 2020s | 0.0929 | 0.0929 | 0.0929 | 1 |
Countries ranked near Solomon Islands
- 166 Malawi 0.0954 compare
- 167 Sudan 0.0947 compare
- 168 Gambia, The 0.0935 compare
- 170 Haiti 0.0926 compare
- 171 Guinea-Bissau 0.0913 compare
- 172 Tanzania, United Republic of 0.0911 compare
More financial sector data for Solomon Islands
- Net domestic credit (current LCU), per capita 2,921 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1.51 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 6.66 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 518.65 million SDR (2024)
- Reserves excluding gold 521.87 million SDR (2024)
- Total reserves (gold at market value) 525.87 million SDR (2024)
- Total reserves (gold at national valuation) 522.34 million SDR (2024)
- Domestic credit to private sector by banks 21.5% (2024)
Frequently asked questions
- What is financial development index in Solomon Islands?
- Financial development index in Solomon Islands was 0.0929 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Solomon Islands?
- The highest recorded value was 0.1835 in 1989.
- What is the lowest financial development index recorded in Solomon Islands?
- The lowest recorded value was 0.0761 in 2005.
- How does Solomon Islands rank for financial development index?
- Solomon Islands ranks 169th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Solomon Islands?
- Over the last ten years it is up 5.2%. The long-run trend across the full record is falling.
- Where does this Solomon Islands data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.