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% |
Solomon Islands compared with similar countries
- Solomon Islands's 0.5866 is below the median for lower middle income countries, which is 2.8, 21% of the median. (18 countries reporting)
- Solomon Islands's 0.5866 is below the median for East Asia & Pacific, which is 0.7024, 84% of the median. (8 countries reporting)
Biggest year-on-year movements
Years where Savings Rate, Percent per annum 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 |
|---|---|---|---|
| 2020 | +328.3% | 0.144 | 0.6169 |
| 2017 | -58.1% | 0.328 | 0.1375 |
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
- 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 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.