Total reserves in months of imports (reserves International Financial) in Solomon Islands
Solomon Islands: Total reserves in months of imports (reserves International Financial) was 8.9 in 2024. ◆ Volatile
Total reserves in months of imports in Solomon Islands, 1977–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
In 2024, total reserves in months of imports in Solomon Islands stood at 8.9.
That represents a change of down 0.3% on the previous year and up 11.2% over ten years.
Over the whole period, total reserves in months of imports in Solomon Islands peaked at 13.75 in 2020 and was at its lowest, 0.5378, in 1991.
That places Solomon Islands 22nd out of 179 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves in months of imports (reserves International Financial) in Solomon Islands, year by year
| Year | Value | Change |
|---|---|---|
| 1977 | 0.7945 | — |
| 1978 | 6.23 | +684.4% |
| 1979 | 5.29 | -15.1% |
| 1980 | 3.04 | -42.6% |
| 1981 | 2.21 | -27.3% |
| 1982 | 4.16 | +88.8% |
| 1983 | 5.37 | +28.9% |
| 1984 | 4.47 | -16.8% |
| 1985 | 3.46 | -22.7% |
| 1986 | 2.8 | -18.9% |
| 1987 | 3.38 | +20.7% |
| 1988 | 2.6 | -23.2% |
| 1989 | 1.73 | -33.4% |
| 1990 | 1.29 | -25.5% |
| 1991 | 0.5378 | -58.3% |
| 1992 | 1.6 | +197.3% |
| 1993 | 1.08 | -32.2% |
| 1994 | 0.8275 | -23.7% |
| 1995 | 0.7972 | -3.7% |
| 1996 | 1.59 | +99.8% |
| 1997 | 1.44 | -9.6% |
| 1998 | 2.62 | +82.1% |
| 1999 | 2.79 | +6.4% |
| 2000 | 2.18 | -21.9% |
| 2001 | 1.25 | -42.7% |
| 2002 | 1.75 | +40.3% |
| 2003 | 2.73 | +55.6% |
| 2004 | 5.6 | +105.3% |
| 2005 | 4.55 | -18.8% |
| 2006 | 4.31 | -5.3% |
| 2007 | 3.57 | -17.3% |
| 2008 | 2.27 | -36.3% |
| 2009 | 4.24 | +86.6% |
| 2010 | 5.22 | +23.1% |
| 2011 | 6.94 | +32.9% |
| 2012 | 8.22 | +18.5% |
| 2013 | 8.44 | +2.6% |
| 2014 | 8 | -5.2% |
| 2015 | 8.96 | +11.9% |
| 2016 | 8.69 | -3.0% |
| 2017 | 9.18 | +5.7% |
| 2018 | 9.13 | -0.6% |
| 2019 | 8.37 | -8.3% |
| 2020 | 13.75 | +64.2% |
| 2021 | 12.7 | -7.6% |
| 2022 | 9.67 | -23.9% |
| 2023 | 8.93 | -7.6% |
| 2024 | 8.9 | -0.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 8.9 is above the median for lower middle income countries, which is 5.09, 1.8× the median. (42 countries reporting)
- Solomon Islands's 8.9 is above the median for East Asia & Pacific, which is 5.72, 1.6× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Total reserves in months of imports (reserves International 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 | +684.4% | 0.7945 | 6.23 |
| 1992 | +197.3% | 0.5378 | 1.6 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.11 | 0.7945 | 6.23 | 3 |
| 1980s | 3.32 | 1.73 | 5.37 | 10 |
| 1990s | 1.46 | 0.5378 | 2.79 | 10 |
| 2000s | 3.24 | 1.25 | 5.6 | 10 |
| 2010s | 8.12 | 5.22 | 9.18 | 10 |
| 2020s | 10.79 | 8.9 | 13.75 | 5 |
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 total reserves in months of imports in Solomon Islands?
- Total reserves in months of imports in Solomon Islands was 8.9 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest total reserves in months of imports recorded in Solomon Islands?
- The highest recorded value was 13.75 in 2020.
- What is the lowest total reserves in months of imports recorded in Solomon Islands?
- The lowest recorded value was 0.5378 in 1991.
- How does Solomon Islands rank for total reserves in months of imports?
- Solomon Islands ranks 22nd out of 179 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Solomon Islands?
- Over the last ten years it is up 11.2%. 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 Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].