Savings Rate, Percent per annum in Solomon Islands
Solomon Islands: Savings Rate, Percent per annum was 0.5866 in 2023. ▲ Rising
Savings Rate, Percent per annum in Solomon Islands, 2010–2023
Source: International Monetary Fund.
Analysis
The most recent figure for savings rate, percent per annum in Solomon Islands is 0.5866, measured in 2023.
The figure is up 1.8% on the previous year and up 85.2% over ten years.
Over the whole period, savings rate, percent per annum in Solomon Islands peaked at 0.6169 in 2020 and was at its lowest, 0.1375, in 2017.
Solomon Islands ranks 51st of 63 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Savings Rate, Percent per annum in Solomon Islands, year by year
| Year | Value | Change |
|---|---|---|
| 2010 | 0.2883 | — |
| 2011 | 0.2917 | +1.2% |
| 2012 | 0.3075 | +5.4% |
| 2013 | 0.3167 | +3.0% |
| 2014 | 0.3158 | -0.3% |
| 2015 | 0.2883 | -8.7% |
| 2016 | 0.328 | +13.8% |
| 2017 | 0.1375 | -58.1% |
| 2018 | 0.1439 | +4.7% |
| 2019 | 0.144 | +0.1% |
| 2020 | 0.6169 | +328.3% |
| 2021 | 0.6031 | -2.2% |
| 2022 | 0.576 | -4.5% |
| 2023 | 0.5866 | +1.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.2562 | 0.1375 | 0.328 | 10 |
| 2020s | 0.5956 | 0.576 | 0.6169 | 4 |
Countries ranked near Solomon Islands
More financial sector data for Solomon Islands
- 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)
- Total reserves (gold at market value) (SDR), annual growth rate 2.52 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 641.93 SDR per person (2024)
Frequently asked questions
- What is savings rate, percent per annum in Solomon Islands?
- Savings rate, percent per annum in Solomon Islands was 0.5866 in 2023, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Solomon Islands?
- The highest recorded value was 0.6169 in 2020.
- What is the lowest savings rate, percent per annum recorded in Solomon Islands?
- The lowest recorded value was 0.1375 in 2017.
- How does Solomon Islands rank for savings rate, percent per annum?
- Solomon Islands ranks 51st out of 63 countries with data for 2023.
- Is savings rate, percent per annum rising or falling in Solomon Islands?
- Over the last ten years it is up 85.2%. The long-run trend across the full record is rising.
- Where does this Solomon Islands data come from?
- The figures come from International Monetary Fund, published as part of Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.