Private credit by deposit money banks and other financial in Solomon Islands
Solomon Islands: Private credit by deposit money banks and other financial was 30.9% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Solomon Islands, 1977–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in Solomon Islands is 30.9%, measured in 2021.
The figure is down 4.0% on the previous year and up 65.6% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Solomon Islands peaked at 39.3% in 1989 and was at its lowest, 1.5%, in 1977.
That places Solomon Islands 118th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Private credit by deposit money banks and other financial in Solomon Islands, year by year
| Year | % | Change |
|---|---|---|
| 1977 | 1.5% | — |
| 1978 | 10.8% | +641.9% |
| 1979 | 16.0% | +48.2% |
| 1980 | 19.5% | +22.3% |
| 1981 | 22.8% | +16.5% |
| 1982 | 21.6% | -5.0% |
| 1983 | 21.6% | -0.2% |
| 1984 | 24.2% | +12.3% |
| 1985 | 32.0% | +31.9% |
| 1986 | 33.0% | +3.1% |
| 1987 | 30.9% | -6.2% |
| 1988 | 34.6% | +11.8% |
| 1989 | 39.3% | +13.6% |
| 1990 | 19.1% | -51.4% |
| 1991 | 16.1% | -15.5% |
| 1992 | 16.8% | +4.2% |
| 1993 | 16.5% | -1.9% |
| 1994 | 13.8% | -16.3% |
| 1995 | 13.0% | -5.5% |
| 1996 | 14.0% | +7.4% |
| 1997 | 14.4% | +2.9% |
| 1998 | 15.0% | +4.4% |
| 1999 | 14.8% | -1.7% |
| 2000 | 16.6% | +12.2% |
| 2001 | 19.1% | +15.0% |
| 2002 | 18.4% | -3.7% |
| 2003 | 14.9% | -18.9% |
| 2004 | 14.2% | -4.7% |
| 2005 | 15.3% | +7.5% |
| 2006 | 18.4% | +20.3% |
| 2007 | 23.1% | +25.7% |
| 2008 | 25.1% | +8.7% |
| 2009 | 23.6% | -6.0% |
| 2010 | 20.4% | -13.6% |
| 2011 | 18.7% | -8.3% |
| 2012 | 19.6% | +4.7% |
| 2013 | 29.3% | +49.6% |
| 2014 | 31.6% | +7.8% |
| 2015 | 33.0% | +4.5% |
| 2016 | 34.2% | +3.7% |
| 2017 | 32.8% | -3.9% |
| 2018 | 31.4% | -4.3% |
| 2019 | 31.6% | +0.5% |
| 2020 | 32.2% | +2.1% |
| 2021 | 30.9% | -4.0% |
Solomon Islands compared with similar countries
- Solomon Islands's 30.9% is above the median for lower middle income countries, which is 24.6%, 1.3× the median. (46 countries reporting)
- Solomon Islands's 30.9% is below the median for East Asia & Pacific, which is 114.2%, 27% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1978 | +641.9% | 1.5% | 10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.4% | 1.5% | 16.0% | 3 |
| 1980s | 27.9% | 19.5% | 39.3% | 10 |
| 1990s | 15.4% | 13.0% | 19.1% | 10 |
| 2000s | 18.9% | 14.2% | 25.1% | 10 |
| 2010s | 28.2% | 18.7% | 34.2% | 10 |
| 2020s | 31.6% | 30.9% | 32.2% | 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 private credit by deposit money banks and other financial in Solomon Islands?
- Private credit by deposit money banks and other financial in Solomon Islands was 30.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Solomon Islands?
- The highest recorded value was 39.3% in 1989.
- What is the lowest private credit by deposit money banks and other financial recorded in Solomon Islands?
- The lowest recorded value was 1.5% in 1977.
- How does Solomon Islands rank for private credit by deposit money banks and other financial?
- Solomon Islands ranks 118th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Solomon Islands?
- Over the last ten years it is up 65.6%. 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 Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)