Solomon Islands's adjusted savings, gross savings (% of GNI) was 18.21% in 2020, the latest year in the World Bank's World Development Indicators. That is up 3.71 percentage points from 14.5% in 2010.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 18.21% | 2020 |
| Five years earlier | 11.65% | 2015 |
| Ten years earlier | 14.5% | 2010 |
| Highest | 22.37% | 2003 |
| Lowest | -137.2% | 1980 |
| Average since 2011 | 14.6% | 2011–2020 |
| First recorded | -137.2% | 1980 |
What the numbers say
In 2020, Solomon Islands' adjusted savings, gross savings (% of GNI) rose 4.96 percentage points on 2019 (from 13.25% to 18.21%).
Across the 30 yearly changes before that (1990 to 2019), the average change was +2.53 percentage points and a typical year strayed about 11.42 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 71.19 percentage points in 1986 and the biggest yearly fall was 61.64 percentage points in 1988. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2011 to 2020 there is no clear straight-line trend: a straight line explains 2% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2020, Solomon Islands had the 11th highest value of the 20 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Solomon Islands in the 2020 ranking
What this measures
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.
Limitations: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 41 values
| Year | Adjusted savings, gross savings (% of GNI) |
|---|---|
| 2020 | 18.21 |
| 2019 | 13.25 |
| 2018 | 15.28 |
| 2017 | 15.43 |
| 2016 | 10.02 |
| 2015 | 11.65 |
| 2014 | 10.62 |
| 2013 | 15.38 |
| 2012 | 16.3 |
| 2011 | 19.89 |
| 2010 |
Adjusted savings, gross savings (% of GNI) in nearby economies
- Australia — 26.06% (2021)
- Brunei Darussalam — 49.44% (2021)
- Cambodia — 30.17% (2021)
- China — 45.3% (2021)
- Fiji — 16.41% (2020)
- Hong Kong SAR, China — 26.99% (2021)
- Indonesia — 33.98% (2021)
- Japan — 27.08% (2021)
- Kiribati — 31.7% (2020)
- Korea, Rep. — 36.19% (2021)
More economic policy & debt data for Solomon Islands
- Grants, excluding technical cooperation (BoP, current US$) — US$191.86 million (2023)
- Technical cooperation grants (BoP, current US$) — US$23.39 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$175.09 million (2023)
- Net official development assistance and official aid received (current US$) — US$243.66 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$243.66 million (2023)
- Net official development assistance received (current US$) — US$243.66 million (2023)
- Net official development assistance received (constant 2023 US$) — US$243.66 million (2023)
- Net ODA received per capita (current US$)
Reading data like this
Questions people ask
- What is Solomon Islands's adjusted savings, gross savings (% of GNI)?
- 18.21% in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 155.41 percentage points from -137.2% in 1980. The highest value was 22.37% in 2003 and the lowest -137.2% in 1980.
- How does Solomon Islands rank?
- 11th highest of 20 economies with data for 2020.
- Is the latest change in adjusted savings, gross savings (% of GNI) unusual for Solomon Islands?
- In 2020, Solomon Islands' adjusted savings, gross savings (% of GNI) rose 4.96 percentage points on 2019 (from 13.25% to 18.21%). Across the 30 yearly changes before that (1990 to 2019), the average change was +2.53 percentage points and a typical year strayed about 11.42 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.ADJ.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in