Net incurrence of liabilities, total (current LCU) in Solomon Islands
Solomon Islands: Net incurrence of liabilities, total (current LCU) was 664.38 million current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, 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, net incurrence of liabilities, total in Solomon Islands stood at 664.38 million current LCU.
That represents a change of down 10.0% on the previous year and up 946.8% over ten years.
Over the whole period, net incurrence of liabilities, total in Solomon Islands peaked at 738.15 million current LCU in 2023 and was at its lowest, -175.35 million current LCU, in 2015.
That places Solomon Islands 107th out of 136 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.
Net incurrence of liabilities, total (current LCU) in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2011 | 2.51 million current LCU | — |
| 2012 | -20.82 million current LCU | -929.3% |
| 2013 | -82.52 million current LCU | +296.4% |
| 2014 | -78.46 million current LCU | -4.9% |
| 2015 | -175.35 million current LCU | +123.5% |
| 2016 | -56.96 million current LCU | -67.5% |
| 2017 | 230.76 million current LCU | -505.1% |
| 2018 | 24.18 million current LCU | -89.5% |
| 2019 | 37.48 million current LCU | +55.0% |
| 2020 | 421.54 million current LCU | +1024.6% |
| 2021 | 439.27 million current LCU | +4.2% |
| 2022 | 85.50 million current LCU | -80.5% |
| 2023 | 738.15 million current LCU | +763.3% |
| 2024 | 664.38 million current LCU | -10.0% |
Solomon Islands compared with similar countries
- Solomon Islands's 664.38 million current LCU is below the median for lower middle income countries, which is 47.21 billion current LCU, 1% of the median. (34 countries reporting)
- Solomon Islands's 664.38 million current LCU is below the median for East Asia & Pacific, which is 3.15 billion current LCU, 21% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) 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 |
|---|---|---|---|
| 2020 | +1024.6% | 37.48 million current LCU | 421.54 million current LCU |
| 2012 | -929.3% | 2.51 million current LCU | -20.82 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -13.24 million current LCU | -175.35 million current LCU | 230.76 million current LCU | 9 |
| 2020s | 469.77 million current LCU | 85.50 million current LCU | 738.15 million current LCU | 5 |
Countries ranked near Solomon Islands
- 104 Bosnia and Herzegovina 1.51 billion current LCU compare
- 105 Bahrain 1.14 billion current LCU compare
- 106 El Salvador 859.60 million current LCU compare
- 108 Fiji 663.44 million current LCU compare
- 109 Tajikistan 637.67 million current LCU compare
- 110 Barbados 464.42 million current LCU compare
More public sector data for Solomon Islands
- Democracy, 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)
- Elected parliament, 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)
- 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)
Frequently asked questions
- What is net incurrence of liabilities, total in Solomon Islands?
- Net incurrence of liabilities, total in Solomon Islands was 664.38 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Solomon Islands?
- The highest recorded value was 738.15 million current LCU in 2023.
- What is the lowest net incurrence of liabilities, total recorded in Solomon Islands?
- The lowest recorded value was -175.35 million current LCU in 2015.
- How does Solomon Islands rank for net incurrence of liabilities, total?
- Solomon Islands ranks 107th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Solomon Islands?
- Over the last ten years it is up 946.8%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.