Interest payments in Solomon Islands
Solomon Islands: Interest payments was 72.85 million current LCU in 2024. ◆ Volatile
Interest payments in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, interest payments in Solomon Islands stood at 72.85 million current LCU. That is the highest value across all 14 years on record.
That represents a change of up 76.3% on the previous year and up 442.8% over ten years.
Over the whole period, interest payments in Solomon Islands peaked at 72.85 million current LCU in 2024 and was at its lowest, 10.46 million current LCU, in 2018.
That places Solomon Islands 142nd out of 155 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 15.09 million current LCU | 10.46 million current LCU | 22.59 million current LCU | 9 |
| 2020s | 41.86 million current LCU | 24.73 million current LCU | 72.85 million current LCU | 5 |
Countries ranked near Solomon Islands
- 139 Estonia 225.80 million current LCU compare
- 140 Saint Lucia 152.70 million current LCU compare
- 141 Belize 104.67 million current LCU compare
- 143 Saint Vincent and the Grenadines 49.74 million current LCU compare
- 144 San Marino 39.06 million current LCU compare
- 145 Saint Kitts and Nevis 18.80 million current LCU compare
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 interest payments in Solomon Islands?
- Interest payments in Solomon Islands was 72.85 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Solomon Islands?
- The highest recorded value was 72.85 million current LCU in 2024.
- What is the lowest interest payments recorded in Solomon Islands?
- The lowest recorded value was 10.46 million current LCU in 2018.
- How does Solomon Islands rank for interest payments?
- Solomon Islands ranks 142nd out of 155 countries with data for 2024.
- Is interest payments rising or falling in Solomon Islands?
- Over the last ten years it is up 442.8%. 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 Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. 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.