Short-term debt in Solomon Islands
Solomon Islands: Short-term debt was 4.9% in 2024. ◆ Volatile
Short-term debt in Solomon Islands, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
Solomon Islands recorded 4.9% for short-term debt in 2024.
The figure is down 36.7% on the previous year and down 38.7% over ten years.
Over the whole period, short-term debt in Solomon Islands peaked at 24.0% in 1991 and was at its lowest, 0.0%, in 1989.
Solomon Islands ranks 81st of 121 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Solomon Islands, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1978 | 17.4% | — |
| 1979 | 7.3% | -58.3% |
| 1980 | 10.3% | +41.9% |
| 1981 | 12.8% | +24.3% |
| 1982 | 10.7% | -16.5% |
| 1983 | 8.7% | -18.4% |
| 1984 | 9.1% | +4.0% |
| 1985 | 13.7% | +51.2% |
| 1986 | 3.9% | -71.6% |
| 1987 | 1.5% | -61.9% |
| 1988 | 1.6% | +5.1% |
| 1989 | 0.0% | -100.0% |
| 1990 | 13.8% | — |
| 1991 | 24.0% | +73.6% |
| 1992 | 1.9% | -92.0% |
| 1993 | 4.1% | +112.4% |
| 1994 | 1.3% | -68.3% |
| 1995 | 6.1% | +371.3% |
| 1996 | 1.0% | -83.9% |
| 1997 | 1.6% | +60.4% |
| 1998 | 1.9% | +17.9% |
| 1999 | 2.9% | +54.0% |
| 2000 | 2.1% | -27.9% |
| 2001 | 2.7% | +29.9% |
| 2002 | 2.4% | -10.0% |
| 2003 | 4.5% | +85.0% |
| 2004 | 6.7% | +50.9% |
| 2005 | 9.1% | +35.9% |
| 2006 | 8.9% | -2.4% |
| 2007 | 1.9% | -78.8% |
| 2008 | 1.8% | -3.0% |
| 2009 | 1.5% | -20.1% |
| 2010 | 1.7% | +18.8% |
| 2011 | 5.0% | +187.1% |
| 2012 | 0.9% | -82.4% |
| 2013 | 1.5% | +67.7% |
| 2014 | 8.0% | +442.9% |
| 2015 | 10.5% | +31.1% |
| 2016 | 13.2% | +25.6% |
| 2017 | 8.6% | -34.4% |
| 2018 | 13.6% | +57.3% |
| 2019 | 11.9% | -12.8% |
| 2020 | 8.3% | -30.0% |
| 2021 | 11.5% | +38.8% |
| 2022 | 12.4% | +7.9% |
| 2023 | 7.7% | -37.8% |
| 2024 | 4.9% | -36.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.3% | 7.3% | 17.4% | 2 |
| 1980s | 7.2% | 0.0% | 13.7% | 10 |
| 1990s | 5.8% | 1.0% | 24.0% | 10 |
| 2000s | 4.2% | 1.5% | 9.1% | 10 |
| 2010s | 7.5% | 0.9% | 13.6% | 10 |
| 2020s | 9.0% | 4.9% | 12.4% | 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 short-term debt in Solomon Islands?
- Short-term debt in Solomon Islands was 4.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Solomon Islands?
- The highest recorded value was 24.0% in 1991.
- What is the lowest short-term debt recorded in Solomon Islands?
- The lowest recorded value was 0.0% in 1989.
- How does Solomon Islands rank for short-term debt?
- Solomon Islands ranks 81st out of 121 countries with data for 2024.
- Is short-term debt rising or falling in Solomon Islands?
- Over the last ten years it is down 38.7%. 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 Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.