Financial Institutions Efficiency Index in Solomon Islands
Solomon Islands: Financial Institutions Efficiency Index was 0.4593 in 2020. ▼ Falling
Financial Institutions Efficiency Index in Solomon Islands, 1980–2020
Source: International Monetary Fund.
Analysis
Solomon Islands recorded 0.4593 for financial institutions efficiency index in 2020.
Compared with earlier readings it is up 0.1% on the previous year and up 1.6% over ten years.
Over the whole period, financial institutions efficiency index in Solomon Islands peaked at 0.9495 in 1989 and was at its lowest, 0.3832, in 2005.
Solomon Islands ranks 161st 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 | 0.8598 | 0.7188 | 0.9495 | 10 |
| 1990s | 0.7072 | 0.4849 | 0.9495 | 10 |
| 2000s | 0.4854 | 0.3832 | 0.5595 | 10 |
| 2010s | 0.457 | 0.452 | 0.4615 | 10 |
| 2020s | 0.4593 | 0.4593 | 0.4593 | 1 |
Countries ranked near Solomon Islands
- 158 Greece 0.4669 compare
- 159 United Arab Emirates 0.4653 compare
- 160 Kazakhstan, Republic of 0.4634 compare
- 162 Kyrgyz Republic 0.4587 compare
- 163 Venezuela, República Bolivariana de 0.4533 compare
- 164 Argentina 0.4515 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 institutions efficiency index in Solomon Islands?
- Financial institutions efficiency index in Solomon Islands was 0.4593 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Solomon Islands?
- The highest recorded value was 0.9495 in 1989.
- What is the lowest financial institutions efficiency index recorded in Solomon Islands?
- The lowest recorded value was 0.3832 in 2005.
- How does Solomon Islands rank for financial institutions efficiency index?
- Solomon Islands ranks 161st out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Solomon Islands?
- Over the last ten years it is up 1.6%. 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 Institutions Efficiency Index. Statizoid updates them automatically from the source API.
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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.