Use of IMF credit (DOD, current US$) in Solomon Islands
Solomon Islands: Use of IMF credit (DOD, current US$) was 52.62 million DOD, current US$ in 2024. ◆ Volatile
Use of IMF credit in Solomon Islands, 1978–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Solomon Islands recorded 52.62 million DOD, current US$ for use of imf credit in 2024.
The figure is down 17.3% on the previous year and up 65.5% over ten years.
Over the whole period, use of imf credit in Solomon Islands peaked at 71.65 million DOD, current US$ in 2021 and was at its lowest, 0 DOD, current US$, in 1978.
Solomon Islands ranks 115th of 123 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Use of IMF credit (DOD, current US$) in Solomon Islands, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1978 | 0 DOD, current US$ | — |
| 1979 | 0 DOD, current US$ | — |
| 1980 | 0 DOD, current US$ | — |
| 1981 | 900,000 DOD, current US$ | — |
| 1982 | 2.70 million DOD, current US$ | +200.0% |
| 1983 | 3.50 million DOD, current US$ | +29.6% |
| 1984 | 3.10 million DOD, current US$ | -11.4% |
| 1985 | 3.03 million DOD, current US$ | -2.3% |
| 1986 | 3.46 million DOD, current US$ | +14.2% |
| 1987 | 2.20 million DOD, current US$ | -36.4% |
| 1988 | 1.68 million DOD, current US$ | -23.5% |
| 1989 | 1.44 million DOD, current US$ | -14.5% |
| 1990 | 667,228 DOD, current US$ | -53.6% |
| 1991 | 0 DOD, current US$ | -100.0% |
| 1992 | 0 DOD, current US$ | — |
| 1993 | 0 DOD, current US$ | — |
| 1994 | 0 DOD, current US$ | — |
| 1995 | 0 DOD, current US$ | — |
| 1996 | 0 DOD, current US$ | — |
| 1997 | 0 DOD, current US$ | — |
| 1998 | 0 DOD, current US$ | — |
| 1999 | 898,170 DOD, current US$ | — |
| 2000 | 852,624 DOD, current US$ | -5.1% |
| 2001 | 822,404 DOD, current US$ | -3.5% |
| 2002 | 889,670 DOD, current US$ | +8.2% |
| 2003 | 972,419 DOD, current US$ | +9.3% |
| 2004 | 1.02 million DOD, current US$ | +4.5% |
| 2005 | 935,314 DOD, current US$ | -8.0% |
| 2006 | 984,479 DOD, current US$ | +5.3% |
| 2007 | 1.03 million DOD, current US$ | +5.0% |
| 2008 | 1.01 million DOD, current US$ | -2.5% |
| 2009 | 15.53 million DOD, current US$ | +1441.1% |
| 2010 | 24.87 million DOD, current US$ | +60.1% |
| 2011 | 34.37 million DOD, current US$ | +38.2% |
| 2012 | 34.64 million DOD, current US$ | +0.8% |
| 2013 | 34.94 million DOD, current US$ | +0.9% |
| 2014 | 31.79 million DOD, current US$ | -9.0% |
| 2015 | 27.73 million DOD, current US$ | -12.8% |
| 2016 | 23.57 million DOD, current US$ | -15.0% |
| 2017 | 21.02 million DOD, current US$ | -10.8% |
| 2018 | 17.11 million DOD, current US$ | -18.6% |
| 2019 | 14.97 million DOD, current US$ | -12.5% |
| 2020 | 25.34 million DOD, current US$ | +69.2% |
| 2021 | 71.65 million DOD, current US$ | +182.7% |
| 2022 | 67.93 million DOD, current US$ | -5.2% |
| 2023 | 63.59 million DOD, current US$ | -6.4% |
| 2024 | 52.62 million DOD, current US$ | -17.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 52.62 million DOD, current US$ is below the median for lower middle income countries, which is 1.04 billion DOD, current US$, 5% of the median. (43 countries reporting)
- Solomon Islands's 52.62 million DOD, current US$ is below the median for East Asia & Pacific, which is 308.02 million DOD, current US$, 17% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Use of IMF credit (DOD, current US$) 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 |
|---|---|---|---|
| 2009 | +1441.1% | 1.01 million DOD, current US$ | 15.53 million DOD, current US$ |
| 1982 | +200.0% | 900,000 DOD, current US$ | 2.70 million DOD, current US$ |
| 2021 | +182.7% | 25.34 million DOD, current US$ | 71.65 million DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0 DOD, current US$ | 0 DOD, current US$ | 0 DOD, current US$ | 2 |
| 1980s | 2.20 million DOD, current US$ | 0 DOD, current US$ | 3.50 million DOD, current US$ | 10 |
| 1990s | 156,540 DOD, current US$ | 0 DOD, current US$ | 898,170 DOD, current US$ | 10 |
| 2000s | 2.40 million DOD, current US$ | 822,404 DOD, current US$ | 15.53 million DOD, current US$ | 10 |
| 2010s | 26.50 million DOD, current US$ | 14.97 million DOD, current US$ | 34.94 million DOD, current US$ | 10 |
| 2020s | 56.23 million DOD, current US$ | 25.34 million DOD, current US$ | 71.65 million DOD, current US$ | 5 |
Countries ranked near Solomon Islands
- 112 Grenada 60.62 million DOD, current US$ compare
- 113 Belize 56.71 million DOD, current US$ compare
- 114 Samoa 55.84 million DOD, current US$ compare
- 116 Vanuatu 52.07 million DOD, current US$ compare
- 117 Saint Vincent and the Grenadines 50.86 million DOD, current US$ compare
- 118 Tonga 43.83 million DOD, current US$ 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)
- 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 use of imf credit in Solomon Islands?
- Use of imf credit in Solomon Islands was 52.62 million DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest use of imf credit recorded in Solomon Islands?
- The highest recorded value was 71.65 million DOD, current US$ in 2021.
- What is the lowest use of imf credit recorded in Solomon Islands?
- The lowest recorded value was 0 DOD, current US$ in 1978.
- How does Solomon Islands rank for use of imf credit?
- Solomon Islands ranks 115th out of 123 countries with data for 2024.
- Is use of imf credit rising or falling in Solomon Islands?
- Over the last ten years it is up 65.5%. 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 Use of IMF credit (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.