Private credit by deposit money banks to GDP in Solomon Islands
Solomon Islands: Private credit by deposit money banks to GDP was 19.7% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Solomon Islands, 1978–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks to gdp in Solomon Islands stood at 19.7%.
Compared with earlier readings it is down 4.4% on the previous year and up 32.1% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Solomon Islands peaked at 24.0% in 1989 and was at its lowest, 5.9%, in 1978.
Solomon Islands ranks 145th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 44 years of available data.
Private credit by deposit money banks to GDP in Solomon Islands, year by year
| Year | % | 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 | 8.0% | -19.6% |
| 2002 | 8.2% | +2.8% |
| 2003 | 7.5% | -8.5% |
| 2004 | 7.4% | -2.0% |
| 2005 | 9.9% | +34.1% |
| 2006 | 13.9% | +40.6% |
| 2007 | 18.8% | +35.6% |
| 2008 | 21.1% | +12.0% |
| 2009 | 18.7% | -11.3% |
| 2010 | 16.0% | -14.6% |
| 2011 | 14.9% | -6.8% |
| 2012 | 14.4% | -3.0% |
| 2013 | 15.5% | +7.5% |
| 2014 | 17.2% | +10.9% |
| 2015 | 19.1% | +11.1% |
| 2016 | 20.3% | +5.9% |
| 2017 | 20.2% | -0.4% |
| 2018 | 19.6% | -2.7% |
| 2019 | 20.3% | +3.4% |
| 2020 | 20.6% | +1.3% |
| 2021 | 19.7% | -4.4% |
Solomon Islands compared with similar countries
- Solomon Islands's 19.7% is below the median for lower middle income countries, which is 22.2%, 88% of the median. (46 countries reporting)
- Solomon Islands's 19.7% is below the median for East Asia & Pacific, which is 71.8%, 27% of the median. (26 countries reporting)
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 | 12.3% | 7.4% | 21.1% | 10 |
| 2010s | 17.8% | 14.4% | 20.3% | 10 |
| 2020s | 20.1% | 19.7% | 20.6% | 2 |
Countries ranked near Solomon Islands
- 142 Lao People's Democratic Republic 20.9% compare
- 143 Syrian Arab Republic 20.7% compare
- 144 Eswatini 19.9% compare
- 146 Suriname 19.6% compare
- 147 Sao Tome and Principe 18.8% compare
- 148 Djibouti 18.7% 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 private credit by deposit money banks to gdp in Solomon Islands?
- Private credit by deposit money banks to gdp in Solomon Islands was 19.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Solomon Islands?
- The highest recorded value was 24.0% in 1989.
- What is the lowest private credit by deposit money banks to gdp recorded in Solomon Islands?
- The lowest recorded value was 5.9% in 1978.
- How does Solomon Islands rank for private credit by deposit money banks to gdp?
- Solomon Islands ranks 145th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Solomon Islands?
- Over the last ten years it is up 32.1%. 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 Private credit by deposit money banks 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 (IFS line 22d); 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).