Public and publicly guaranteed debt service in Solomon Islands
Solomon Islands: Public and publicly guaranteed debt service was 0.4% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Solomon Islands, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
Solomon Islands recorded 0.4% for public and publicly guaranteed debt service in 2024.
That represents a change of up 8.5% on the previous year and down 26.0% over ten years.
Over the whole period, public and publicly guaranteed debt service in Solomon Islands peaked at 5.6% in 1989 and was at its lowest, 0.0%, in 1978.
That places Solomon Islands 111th out of 123 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Public and publicly guaranteed debt service in Solomon Islands, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1978 | 0.0% | — |
| 1979 | 0.0% | +20.0% |
| 1980 | 0.0% | +5.6% |
| 1981 | 0.1% | +97.6% |
| 1982 | 0.1% | +0.1% |
| 1983 | 0.1% | +68.2% |
| 1984 | 1.0% | +1028.0% |
| 1985 | 1.6% | +61.4% |
| 1986 | 1.9% | +16.9% |
| 1987 | 2.2% | +15.5% |
| 1988 | 3.9% | +76.1% |
| 1989 | 5.6% | +44.6% |
| 1990 | 4.8% | -14.2% |
| 1991 | 5.2% | +7.2% |
| 1992 | 2.6% | -49.8% |
| 1993 | 3.3% | +26.6% |
| 1994 | 2.0% | -38.1% |
| 1995 | 0.6% | -71.2% |
| 1996 | 0.9% | +57.3% |
| 1997 | 0.2% | -77.8% |
| 1998 | 1.4% | +605.2% |
| 1999 | 1.2% | -15.6% |
| 2000 | 0.9% | -29.4% |
| 2001 | 0.4% | -50.3% |
| 2002 | 0.4% | +1.1% |
| 2003 | 1.3% | +197.9% |
| 2004 | 1.0% | -20.6% |
| 2005 | 1.3% | +31.2% |
| 2006 | 0.7% | -49.6% |
| 2007 | 1.7% | +156.8% |
| 2008 | 2.1% | +20.8% |
| 2009 | 1.1% | -47.1% |
| 2010 | 1.2% | +9.0% |
| 2011 | 0.8% | -31.0% |
| 2012 | 0.7% | -14.4% |
| 2013 | 0.6% | -15.7% |
| 2014 | 0.6% | -1.9% |
| 2015 | 0.5% | -15.0% |
| 2016 | 0.6% | +13.3% |
| 2017 | 0.4% | -24.0% |
| 2018 | 0.4% | -14.2% |
| 2019 | 0.4% | +4.5% |
| 2020 | 0.4% | +3.2% |
| 2021 | 0.4% | +2.8% |
| 2022 | 0.4% | +0.0% |
| 2023 | 0.4% | -2.2% |
| 2024 | 0.4% | +8.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.0% | 2 |
| 1980s | 1.6% | 0.0% | 5.6% | 10 |
| 1990s | 2.2% | 0.2% | 5.2% | 10 |
| 2000s | 1.1% | 0.4% | 2.1% | 10 |
| 2010s | 0.6% | 0.4% | 1.2% | 10 |
| 2020s | 0.4% | 0.4% | 0.4% | 5 |
Countries ranked near Solomon Islands
- 108 Guyana 0.6% compare
- 109 Congo, Democratic Republic of the 0.5% compare
- 110 Central African Republic 0.5% compare
- 112 Kosovo 0.4% compare
- 112 Kosovo (UNSCR 1244) 0.4% compare
- 114 China 0.4% compare
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)
- 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)
- Net financial flows, IDA (NFL, current US$), annual growth rate 137.15 % change on previous year (2024)
Frequently asked questions
- What is public and publicly guaranteed debt service in Solomon Islands?
- Public and publicly guaranteed debt service in Solomon Islands was 0.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Solomon Islands?
- The highest recorded value was 5.6% in 1989.
- What is the lowest public and publicly guaranteed debt service recorded in Solomon Islands?
- The lowest recorded value was 0.0% in 1978.
- How does Solomon Islands rank for public and publicly guaranteed debt service?
- Solomon Islands ranks 111th out of 123 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Solomon Islands?
- Over the last ten years it is down 26.0%. 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 Public and publicly guaranteed debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.