Financial system deposits to GDP in Solomon Islands
Solomon Islands: Financial system deposits to GDP was 32.9% in 2021. ▲ Rising
Financial system deposits to GDP in Solomon Islands, 1978–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, financial system deposits to gdp in Solomon Islands stood at 32.9%.
That represents a change of down 4.8% on the previous year and up 28.1% over ten years.
Over the whole period, financial system deposits to gdp in Solomon Islands peaked at 36.4% in 2016 and was at its lowest, 14.2%, in 2003.
Solomon Islands ranks 135th of 185 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Financial system deposits to GDP in Solomon Islands, year by year
| Year | % | Change |
|---|---|---|
| 1978 | 24.2% | — |
| 1979 | 26.5% | +9.7% |
| 1980 | 22.0% | -17.1% |
| 1981 | 15.3% | -30.6% |
| 1982 | 17.4% | +13.8% |
| 1983 | 18.4% | +5.9% |
| 1984 | 22.3% | +21.0% |
| 1985 | 21.2% | -4.6% |
| 1986 | 22.7% | +7.1% |
| 1987 | 25.9% | +13.9% |
| 1988 | 29.6% | +14.3% |
| 1989 | 27.1% | -8.4% |
| 1990 | 21.7% | -20.0% |
| 1991 | 24.1% | +11.3% |
| 1992 | 24.3% | +0.5% |
| 1993 | 22.6% | -6.8% |
| 1994 | 20.5% | -9.2% |
| 1995 | 18.7% | -9.2% |
| 1996 | 19.1% | +2.4% |
| 1997 | 18.7% | -2.2% |
| 1998 | 16.6% | -11.0% |
| 1999 | 16.1% | -3.3% |
| 2000 | 18.5% | +14.7% |
| 2001 | 15.8% | -14.5% |
| 2002 | 15.3% | -2.9% |
| 2003 | 14.2% | -7.2% |
| 2004 | 15.0% | +5.3% |
| 2005 | 17.7% | +18.4% |
| 2006 | 20.0% | +12.6% |
| 2007 | 21.5% | +7.7% |
| 2008 | 20.1% | -6.8% |
| 2009 | 23.3% | +16.1% |
| 2010 | 22.8% | -2.2% |
| 2011 | 25.7% | +12.7% |
| 2012 | 28.8% | +12.1% |
| 2013 | 30.9% | +7.4% |
| 2014 | 31.0% | +0.2% |
| 2015 | 34.0% | +9.7% |
| 2016 | 36.4% | +7.1% |
| 2017 | 34.8% | -4.3% |
| 2018 | 35.2% | +1.0% |
| 2019 | 33.1% | -6.1% |
| 2020 | 34.5% | +4.4% |
| 2021 | 32.9% | -4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.3% | 24.2% | 26.5% | 2 |
| 1980s | 22.2% | 15.3% | 29.6% | 10 |
| 1990s | 20.2% | 16.1% | 24.3% | 10 |
| 2000s | 18.1% | 14.2% | 23.3% | 10 |
| 2010s | 31.3% | 22.8% | 36.4% | 10 |
| 2020s | 33.7% | 32.9% | 34.5% | 2 |
Countries ranked near Solomon Islands
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)
- Total reserves (gold at national valuation) (SDR), per capita 637.63 SDR per person (2024)
Frequently asked questions
- What is financial system deposits to gdp in Solomon Islands?
- Financial system deposits to gdp in Solomon Islands was 32.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Solomon Islands?
- The highest recorded value was 36.4% in 2016.
- What is the lowest financial system deposits to gdp recorded in Solomon Islands?
- The lowest recorded value was 14.2% in 2003.
- How does Solomon Islands rank for financial system deposits to gdp?
- Solomon Islands ranks 135th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Solomon Islands?
- Over the last ten years it is up 28.1%. 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 (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).