Net domestic credit (current LCU) in Solomon Islands
Solomon Islands: Net domestic credit (current LCU) was 2.39 billion current LCU in 2024. ◆ Volatile
Latest (2024)
2.39 billion current LCU
Change on year
up 6.7%
World rank
176th
of 187 countries
All-time high
2.39 billion current LCU
in 2024
All-time low
3.85 million current LCU
in 1978
Years of data
47
1978–2024
Net domestic credit in Solomon Islands, 1978–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net domestic credit in Solomon Islands is 2.39 billion current LCU, measured in 2024. That is the highest value across all 47 years on record.
That represents a change of up 6.7% on the previous year and up 621.4% over ten years.
Over the whole period, net domestic credit in Solomon Islands peaked at 2.39 billion current LCU in 2024 and was at its lowest, 3.85 million current LCU, in 1978.
Solomon Islands ranks 176th of 187 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU) in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 1978 | 3.85 million current LCU | — |
| 1979 | 8.83 million current LCU | +129.3% |
| 1980 | 18.16 million current LCU | +105.7% |
| 1981 | 25.73 million current LCU | +41.7% |
| 1982 | 29.85 million current LCU | +16.0% |
| 1983 | 27.14 million current LCU | -9.1% |
| 1984 | 38.96 million current LCU | +43.6% |
| 1985 | 62.26 million current LCU | +59.8% |
| 1986 | 62.68 million current LCU | +0.7% |
| 1987 | 71.57 million current LCU | +14.2% |
| 1988 | 92.65 million current LCU | +29.5% |
| 1989 | 132.81 million current LCU | +43.3% |
| 1990 | 165.52 million current LCU | +24.6% |
| 1991 | 213.98 million current LCU | +29.3% |
| 1992 | 226.50 million current LCU | +5.9% |
| 1993 | 264.95 million current LCU | +17.0% |
| 1994 | 322.87 million current LCU | +21.9% |
| 1995 | 362.26 million current LCU | +12.2% |
| 1996 | 371.06 million current LCU | +2.4% |
| 1997 | 386.38 million current LCU | +4.1% |
| 1998 | 375.15 million current LCU | -2.9% |
| 1999 | 373.77 million current LCU | -0.4% |
| 2000 | 444.02 million current LCU | +18.8% |
| 2001 | 464.65 million current LCU | +4.6% |
| 2002 | 506.87 million current LCU | +9.1% |
| 2003 | 498.90 million current LCU | -1.6% |
| 2004 | 345.12 million current LCU | -30.8% |
| 2005 | 437.88 million current LCU | +26.9% |
| 2006 | 659.20 million current LCU | +50.5% |
| 2007 | 968.92 million current LCU | +47.0% |
| 2008 | 1.33 billion current LCU | +37.0% |
| 2009 | 1.21 billion current LCU | -8.8% |
| 2010 | 870.68 million current LCU | -28.1% |
| 2011 | 368.12 million current LCU | -57.7% |
| 2012 | 277.54 million current LCU | -24.6% |
| 2013 | 180.02 million current LCU | -35.1% |
| 2014 | 331.69 million current LCU | +84.2% |
| 2015 | 683.33 million current LCU | +106.0% |
| 2016 | 1.23 billion current LCU | +79.3% |
| 2017 | 1.18 billion current LCU | -3.3% |
| 2018 | 1.24 billion current LCU | +5.0% |
| 2019 | 1.54 billion current LCU | +23.6% |
| 2020 | 1.51 billion current LCU | -1.5% |
| 2021 | 1.70 billion current LCU | +12.5% |
| 2022 | 2.11 billion current LCU | +23.9% |
| 2023 | 2.24 billion current LCU | +6.3% |
| 2024 | 2.39 billion current LCU | +6.7% |
Solomon Islands compared with similar countries
- Solomon Islands's 2.39 billion current LCU is below the median for lower middle income countries, which is 680.59 billion current LCU, 0% of the median. (46 countries reporting)
- Solomon Islands's 2.39 billion current LCU is below the median for East Asia & Pacific, which is 4.46 trillion current LCU, 0% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.34 million current LCU | 3.85 million current LCU | 8.83 million current LCU | 2 |
| 1980s | 56.18 million current LCU | 18.16 million current LCU | 132.81 million current LCU | 10 |
| 1990s | 306.24 million current LCU | 165.52 million current LCU | 386.38 million current LCU | 10 |
| 2000s | 686.32 million current LCU | 345.12 million current LCU | 1.33 billion current LCU | 10 |
| 2010s | 790.33 million current LCU | 180.02 million current LCU | 1.54 billion current LCU | 10 |
| 2020s | 1.99 billion current LCU | 1.51 billion current LCU | 2.39 billion current LCU | 5 |
Countries ranked near Solomon Islands
- 173 Antigua and Barbuda 2.98 billion current LCU compare
- 174 Saint Lucia 2.95 billion current LCU compare
- 175 Sao Tome and Principe 2.66 billion current LCU compare
- 177 Saint Kitts and Nevis 1.92 billion current LCU compare
- 178 Saint Vincent and the Grenadines 1.65 billion current LCU compare
- 179 Grenada 1.54 billion current LCU compare
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 net domestic credit in Solomon Islands?
- Net domestic credit in Solomon Islands was 2.39 billion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in Solomon Islands?
- The highest recorded value was 2.39 billion current LCU in 2024.
- What is the lowest net domestic credit recorded in Solomon Islands?
- The lowest recorded value was 3.85 million current LCU in 1978.
- How does Solomon Islands rank for net domestic credit?
- Solomon Islands ranks 176th out of 187 countries with data for 2024.
- Is net domestic credit rising or falling in Solomon Islands?
- Over the last ten years it is up 621.4%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.