Interest rate spread (lending rate minus deposit rate, %) in Solomon Islands
Solomon Islands: Interest rate spread (lending rate minus deposit rate, %) was 4.7% in 2021. ▼ Falling
Interest rate spread in Solomon Islands, 2010–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
The most recent figure for interest rate spread in Solomon Islands is 4.7%, measured in 2021. That is the lowest value across all 12 years on record.
Compared with earlier readings it is down 53.7% on the previous year and down 57.8% over ten years.
Over the whole period, interest rate spread in Solomon Islands peaked at 11.2% in 2011 and was at its lowest, 4.7%, in 2021.
Solomon Islands ranks 79th of 141 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 12 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Solomon Islands, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2010 | 11.1% | — |
| 2011 | 11.2% | +0.3% |
| 2012 | 10.4% | -6.8% |
| 2013 | 10.5% | +0.6% |
| 2014 | 10.7% | +1.7% |
| 2015 | 10.2% | -4.6% |
| 2016 | 9.9% | -2.8% |
| 2017 | 10.4% | +5.0% |
| 2018 | 10.4% | +0.2% |
| 2019 | 10.2% | -1.5% |
| 2020 | 10.2% | -0.6% |
| 2021 | 4.7% | -53.7% |
Solomon Islands compared with similar countries
- Solomon Islands's 4.7% is below the median for lower middle income countries, which is 6.3%, 74% of the median. (37 countries reporting)
- Solomon Islands's 4.7% is below the median for East Asia & Pacific, which is 5.0%, 95% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.5% | 9.9% | 11.2% | 10 |
| 2020s | 7.4% | 4.7% | 10.2% | 2 |
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 interest rate spread in Solomon Islands?
- Interest rate spread in Solomon Islands was 4.7% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Solomon Islands?
- The highest recorded value was 11.2% in 2011.
- What is the lowest interest rate spread recorded in Solomon Islands?
- The lowest recorded value was 4.7% in 2021.
- How does Solomon Islands rank for interest rate spread?
- Solomon Islands ranks 79th out of 141 countries with data for 2021.
- Is interest rate spread rising or falling in Solomon Islands?
- Over the last ten years it is down 57.8%. The long-run trend across the full record is falling.
- Where does this Solomon Islands data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.