Net incurrence of liabilities, total in Solomon Islands
Solomon Islands: Net incurrence of liabilities, total was 5.0% 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 % of GDP.
Analysis
Solomon Islands recorded 5.0% for net incurrence of liabilities, total in 2024.
Compared with earlier readings it is down 15.2% on the previous year and up 722.9% over ten years.
Over the whole period, net incurrence of liabilities, total in Solomon Islands peaked at 5.9% in 2023 and was at its lowest, -1.7%, in 2015.
That places Solomon Islands 42nd out of 136 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 0.0% | — |
| 2012 | -0.2% | -873.4% |
| 2013 | -0.9% | +268.0% |
| 2014 | -0.8% | -9.4% |
| 2015 | -1.7% | +112.7% |
| 2016 | -0.5% | -69.3% |
| 2017 | 2.0% | -483.2% |
| 2018 | 0.2% | -90.5% |
| 2019 | 0.3% | +50.5% |
| 2020 | 3.3% | +1079.6% |
| 2021 | 3.5% | +5.1% |
| 2022 | 0.7% | -79.6% |
| 2023 | 5.9% | +718.6% |
| 2024 | 5.0% | -15.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -0.2% | -1.7% | 2.0% | 9 |
| 2020s | 3.7% | 0.7% | 5.9% | 5 |
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 net incurrence of liabilities, total in Solomon Islands?
- Net incurrence of liabilities, total in Solomon Islands was 5.0% 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 5.9% in 2023.
- What is the lowest net incurrence of liabilities, total recorded in Solomon Islands?
- The lowest recorded value was -1.7% in 2015.
- How does Solomon Islands rank for net incurrence of liabilities, total?
- Solomon Islands ranks 42nd 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 722.9%. 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 Net incurrence of liabilities, total (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.