Interest payments in Solomon Islands
Solomon Islands: Interest payments was 1.3% in 2022. ▲ Rising
Interest payments in Solomon Islands, 2011–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Solomon Islands recorded 1.3% for interest payments in 2022. That is the highest value across all 12 years on record.
Compared with earlier readings it is up 81.7% on the previous year and up 52.6% over ten years.
Over the whole period, interest payments in Solomon Islands peaked at 1.3% in 2022 and was at its lowest, 0.3%, in 2018.
Solomon Islands ranks 138th of 152 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Interest payments in Solomon Islands, year by year
| Year | % of expense | Change |
|---|---|---|
| 2011 | 1.1% | — |
| 2012 | 0.8% | -25.2% |
| 2013 | 0.5% | -38.1% |
| 2014 | 0.5% | -12.3% |
| 2015 | 0.4% | -19.8% |
| 2016 | 0.3% | -8.9% |
| 2017 | 0.4% | +18.4% |
| 2018 | 0.3% | -24.5% |
| 2019 | 0.5% | +78.9% |
| 2020 | 0.6% | +16.3% |
| 2021 | 0.7% | +13.7% |
| 2022 | 1.3% | +81.7% |
Solomon Islands compared with similar countries
- Solomon Islands's 1.3% is below the median for lower middle income countries, which is 10.0%, 13% of the median. (36 countries reporting)
- Solomon Islands's 1.3% is below the median for East Asia & Pacific, which is 3.0%, 43% of the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.5% | 0.3% | 1.1% | 9 |
| 2020s | 0.9% | 0.6% | 1.3% | 3 |
Countries ranked near Solomon Islands
More public sector data for Solomon Islands
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Solomon Islands?
- Interest payments in Solomon Islands was 1.3% in 2022, 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 1.3% in 2022.
- What is the lowest interest payments recorded in Solomon Islands?
- The lowest recorded value was 0.3% in 2018.
- How does Solomon Islands rank for interest payments?
- Solomon Islands ranks 138th out of 152 countries with data for 2022.
- Is interest payments rising or falling in Solomon Islands?
- Over the last ten years it is up 52.6%. The long-run trend across the full record is rising.
- 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 (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.