Debt service (PPG and IMF only, % of exports of goods, services and) in Solomon Islands
Solomon Islands: Debt service (PPG and IMF only, % of exports of goods, services and) was 2.6% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Solomon Islands, 1982–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
Solomon Islands recorded 2.6% for debt service (ppg and imf only, % of exports of goods, services and) in 2024.
That represents a change of up 18.0% on the previous year and up 68.6% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Solomon Islands peaked at 11.3% in 1990 and was at its lowest, 0.2%, in 1982.
Solomon Islands ranks 105th of 118 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Solomon Islands, year by year
| Year | Value | Change |
|---|---|---|
| 1982 | 0.2% | — |
| 1983 | 0.4% | +105.4% |
| 1984 | 2.0% | +364.3% |
| 1985 | 3.9% | +90.7% |
| 1986 | 5.1% | +32.3% |
| 1987 | 9.8% | +91.7% |
| 1988 | 6.6% | -33.2% |
| 1989 | 9.1% | +39.5% |
| 1990 | 11.3% | +23.9% |
| 1991 | 10.3% | -9.2% |
| 1999 | 2.5% | -75.3% |
| 2000 | 2.8% | +10.0% |
| 2001 | 1.8% | -36.1% |
| 2002 | 2.8% | +58.5% |
| 2003 | 5.6% | +97.3% |
| 2004 | 3.8% | -32.2% |
| 2005 | 4.8% | +26.8% |
| 2006 | 2.4% | -51.2% |
| 2007 | 4.9% | +110.3% |
| 2008 | 5.4% | +9.2% |
| 2009 | 3.5% | -34.8% |
| 2010 | 3.1% | -11.9% |
| 2011 | 1.5% | -52.8% |
| 2012 | 1.2% | -15.5% |
| 2013 | 1.3% | +4.2% |
| 2014 | 1.5% | +18.8% |
| 2015 | 1.6% | +5.9% |
| 2016 | 1.9% | +18.7% |
| 2017 | 1.6% | -17.5% |
| 2018 | 1.3% | -18.0% |
| 2019 | 1.3% | +0.6% |
| 2020 | 1.4% | +3.4% |
| 2021 | 1.5% | +10.8% |
| 2022 | 1.5% | -0.6% |
| 2023 | 2.2% | +46.8% |
| 2024 | 2.6% | +18.0% |
Solomon Islands compared with similar countries
- Solomon Islands's 2.6% is below the median for lower middle income countries, which is 8.4%, 31% of the median. (43 countries reporting)
- Solomon Islands's 2.6% is below the median for East Asia & Pacific, which is 4.9%, 52% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Debt service (PPG and IMF only, % of exports of goods, services and) 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 |
|---|---|---|---|
| 1984 | +364.3% | 0.4% | 2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.6% | 0.2% | 9.8% | 8 |
| 1990s | 8.1% | 2.5% | 11.3% | 3 |
| 2000s | 3.8% | 1.8% | 5.6% | 10 |
| 2010s | 1.6% | 1.2% | 3.1% | 10 |
| 2020s | 1.8% | 1.4% | 2.6% | 5 |
Countries ranked near Solomon Islands
More external debt data for Solomon Islands
- IFC, private nonguaranteed 0 NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 0 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 0 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 0.4% (2024)
- Net financial flows, IDA 48.48 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 59.17 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0306 NFL, current US$ per US$ of GDP (2024)
- Public and publicly guaranteed debt service 1.0% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 730.3 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Solomon Islands?
- Debt service (ppg and imf only, % of exports of goods, services and) in Solomon Islands was 2.6% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Solomon Islands?
- The highest recorded value was 11.3% in 1990.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Solomon Islands?
- The lowest recorded value was 0.2% in 1982.
- How does Solomon Islands rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Solomon Islands ranks 105th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Solomon Islands?
- Over the last ten years it is up 68.6%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
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About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.