Financial Development Index in Solomon Islands
Solomon Islands: Financial Development Index was 0.0929 in 2020. ▼ Falling
Financial Development Index in Solomon Islands, 1980–2020
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.
Financial Development Index in Solomon Islands, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.1316 | — |
| 1981 | 0.1396 | +6.1% |
| 1982 | 0.135 | -3.3% |
| 1983 | 0.1185 | -12.2% |
| 1984 | 0.1383 | +16.8% |
| 1985 | 0.1687 | +22.0% |
| 1986 | 0.1717 | +1.8% |
| 1987 | 0.1632 | -5.0% |
| 1988 | 0.1679 | +2.9% |
| 1989 | 0.1835 | +9.3% |
| 1990 | 0.1799 | -1.9% |
| 1991 | 0.1645 | -8.5% |
| 1992 | 0.1408 | -14.4% |
| 1993 | 0.1383 | -1.8% |
| 1994 | 0.1289 | -6.8% |
| 1995 | 0.1232 | -4.4% |
| 1996 | 0.0871 | -29.3% |
| 1997 | 0.0873 | +0.3% |
| 1998 | 0.0964 | +10.4% |
| 1999 | 0.103 | +6.8% |
| 2000 | 0.0992 | -3.7% |
| 2001 | 0.0972 | -1.9% |
| 2002 | 0.0975 | +0.3% |
| 2003 | 0.0946 | -2.9% |
| 2004 | 0.0805 | -14.9% |
| 2005 | 0.0761 | -5.4% |
| 2006 | 0.0901 | +18.4% |
| 2007 | 0.0931 | +3.2% |
| 2008 | 0.0947 | +1.8% |
| 2009 | 0.0935 | -1.3% |
| 2010 | 0.0883 | -5.5% |
| 2011 | 0.0865 | -2.1% |
| 2012 | 0.0869 | +0.5% |
| 2013 | 0.086 | -1.0% |
| 2014 | 0.0877 | +2.0% |
| 2015 | 0.0889 | +1.4% |
| 2016 | 0.0901 | +1.3% |
| 2017 | 0.0904 | +0.4% |
| 2018 | 0.0922 | +2.0% |
| 2019 | 0.0924 | +0.3% |
| 2020 | 0.0929 | +0.5% |
Solomon Islands compared with similar countries
- Solomon Islands's 0.0929 is below the median for lower middle income countries, which is 0.1603, 58% of the median. (45 countries reporting)
- Solomon Islands's 0.0929 is below the median for East Asia & Pacific, which is 0.3228, 29% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Financial Development Index in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | -29.3% | 0.1232 | 0.0871 |
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
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 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
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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.