Monetary Sector credit to private sector in Solomon Islands
Solomon Islands: Monetary Sector credit to private sector was 21.7% in 2024. ▲ Rising
Monetary Sector credit to private sector in Solomon Islands, 1978–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Solomon Islands recorded 21.7% for monetary sector credit to private sector in 2024.
Compared with earlier readings it is down 0.9% on the previous year and up 25.5% over ten years.
Over the whole period, monetary sector credit to private sector in Solomon Islands peaked at 24.0% in 1989 and was at its lowest, 5.9%, in 1978.
Solomon Islands ranks 138th of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Monetary Sector credit to private sector in Solomon Islands, year by year
| Year | % GDP | Change |
|---|---|---|
| 1978 | 5.9% | — |
| 1979 | 10.0% | +70.8% |
| 1980 | 11.4% | +13.9% |
| 1981 | 12.7% | +11.0% |
| 1982 | 12.0% | -5.5% |
| 1983 | 9.9% | -17.6% |
| 1984 | 12.9% | +30.8% |
| 1985 | 19.2% | +48.7% |
| 1986 | 20.1% | +4.5% |
| 1987 | 17.8% | -11.5% |
| 1988 | 19.1% | +7.4% |
| 1989 | 24.0% | +25.7% |
| 1990 | 15.7% | -34.4% |
| 1991 | 12.8% | -18.5% |
| 1992 | 9.9% | -22.8% |
| 1993 | 9.6% | -2.6% |
| 1994 | 8.8% | -9.1% |
| 1995 | 8.3% | -5.0% |
| 1996 | 7.8% | -6.5% |
| 1997 | 8.0% | +2.4% |
| 1998 | 8.7% | +9.5% |
| 1999 | 8.8% | +1.3% |
| 2000 | 9.9% | +12.4% |
| 2001 | 8.2% | -17.3% |
| 2002 | 8.4% | +2.6% |
| 2003 | 7.7% | -8.6% |
| 2004 | 7.5% | -2.9% |
| 2005 | 10.0% | +33.3% |
| 2006 | 14.0% | +40.6% |
| 2007 | 19.0% | +35.4% |
| 2008 | 21.2% | +11.8% |
| 2009 | 18.9% | -11.1% |
| 2010 | 16.1% | -14.6% |
| 2011 | 15.0% | -6.7% |
| 2012 | 14.6% | -3.0% |
| 2013 | 15.6% | +6.9% |
| 2014 | 17.3% | +10.9% |
| 2015 | 19.2% | +11.0% |
| 2016 | 20.3% | +5.9% |
| 2017 | 20.5% | +0.7% |
| 2018 | 19.2% | -6.1% |
| 2019 | 19.8% | +3.1% |
| 2020 | 20.8% | +5.2% |
| 2021 | 20.9% | +0.4% |
| 2022 | 22.1% | +5.5% |
| 2023 | 21.9% | -0.8% |
| 2024 | 21.7% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.0% | 5.9% | 10.0% | 2 |
| 1980s | 15.9% | 9.9% | 24.0% | 10 |
| 1990s | 9.9% | 7.8% | 15.7% | 10 |
| 2000s | 12.5% | 7.5% | 21.2% | 10 |
| 2010s | 17.8% | 14.6% | 20.5% | 10 |
| 2020s | 21.5% | 20.8% | 22.1% | 5 |
Countries ranked near Solomon Islands
More financial sector data for Solomon Islands
- Total reserves (gold at national valuation) (SDR), annual growth rate 1.86 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 637.63 SDR per person (2024)
- Total reserves in months of imports, annual growth rate -0.3272 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 7.07 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.3274 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 633.12 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 2.97 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 637.05 SDR per person (2024)
Frequently asked questions
- What is monetary sector credit to private sector in Solomon Islands?
- Monetary sector credit to private sector in Solomon Islands was 21.7% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Solomon Islands?
- The highest recorded value was 24.0% in 1989.
- What is the lowest monetary sector credit to private sector recorded in Solomon Islands?
- The lowest recorded value was 5.9% in 1978.
- How does Solomon Islands rank for monetary sector credit to private sector?
- Solomon Islands ranks 138th out of 186 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Solomon Islands?
- Over the last ten years it is up 25.5%. 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 database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.