Central government debt, total in Solomon Islands
Solomon Islands: Central government debt, total was 3.49 billion current LCU in 2024. ◆ Volatile
Central government debt, total in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, central government debt, total in Solomon Islands stood at 3.49 billion current LCU. That is the highest value across all 13 years on record.
That represents a change of up 23.5% on the previous year and up 305.9% over ten years.
Over the whole period, central government debt, total in Solomon Islands peaked at 3.49 billion current LCU in 2024 and was at its lowest, 686.33 million current LCU, in 2016.
Solomon Islands ranks 70th of 83 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 924.52 million current LCU | 686.33 million current LCU | 1.13 billion current LCU | 9 |
| 2020s | 2.43 billion current LCU | 1.45 billion current LCU | 3.49 billion current LCU | 4 |
Countries ranked near Solomon Islands
More public sector data for Solomon Islands
- Tax revenue 23.3% (2024)
- Taxes on income, profits and capital gains 22.7% (2024)
- Taxes on goods and services 26.4% (2024)
- Net investment in nonfinancial assets 7.7% (2024)
- Net lending (+) / net borrowing (-) -1.9% (2024)
- Interest payments 1.5% (2024)
- Grants and other revenue 37.4% (2024)
- Interest payments 1.3% (2022)
- Other taxes 0.9% (2020)
- Compensation of employees 47.3% (2022)
Frequently asked questions
- What is central government debt, total in Solomon Islands?
- Central government debt, total in Solomon Islands was 3.49 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Solomon Islands?
- The highest recorded value was 3.49 billion current LCU in 2024.
- What is the lowest central government debt, total recorded in Solomon Islands?
- The lowest recorded value was 686.33 million current LCU in 2016.
- How does Solomon Islands rank for central government debt, total?
- Solomon Islands ranks 70th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Solomon Islands?
- Over the last ten years it is up 305.9%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.