Deposit interest rate in Solomon Islands
Solomon Islands: Deposit interest rate was 0.4% in 2023. ◆ Volatile
Deposit interest rate in Solomon Islands, 2010–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2023, deposit interest rate in Solomon Islands stood at 0.4%.
Compared with earlier readings it is down 10.3% on the previous year and up 39.0% over ten years.
Over the whole period, deposit interest rate in Solomon Islands peaked at 3.3% in 2010 and was at its lowest, 0.2%, in 2016.
Solomon Islands ranks 139th of 152 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 | 0.8% | 0.2% | 3.3% | 10 |
| 2020s | 0.5% | 0.4% | 0.5% | 4 |
Countries ranked near Solomon Islands
More financial sector data for Solomon Islands
- Domestic credit to private sector 33.7% (2024)
- Net domestic credit 2.39 billion current LCU (2024)
- Total reserves in months of imports 8.9 (2024)
- Net foreign assets 5.65 billion current LCU (2024)
- Domestic credit to private sector by banks 21.5% (2024)
- Monetary Sector credit to private sector 21.7% (2024)
- Claims on central government, etc. 0.8% (2024)
- Broad money 47.8% (2024)
- Official exchange rate 8.33 LCU per US$, period average (2025)
- Net migration 1,631 (2025)
Frequently asked questions
- What is deposit interest rate in Solomon Islands?
- Deposit interest rate in Solomon Islands was 0.4% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Solomon Islands?
- The highest recorded value was 3.3% in 2010.
- What is the lowest deposit interest rate recorded in Solomon Islands?
- The lowest recorded value was 0.2% in 2016.
- How does Solomon Islands rank for deposit interest rate?
- Solomon Islands ranks 139th out of 152 countries with data for 2023.
- Is deposit interest rate rising or falling in Solomon Islands?
- Over the last ten years it is up 39.0%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.