Solomon Islands's adjusted savings, net national savings (current US$) was US$151.94 million in 2020, the latest year in the World Bank's World Development Indicators. That is up 226.5% from US$46.54 million in 2010 (12.56% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$151.94 million | 2020 |
| Five years earlier | US$44.09 million | 2015 |
| Ten years earlier | US$46.54 million | 2010 |
| Highest | US$151.94 million | 2020 |
| Lowest | −US$258.13 million | 1982 |
| Average since 2011 | US$83.55 million | 2011–2020 |
| First recorded | −US$239.39 million |
What the numbers say
In 2020, Solomon Islands' adjusted savings, net national savings (current US$) rose US$75.12 million on 2019 (from US$76.83 million to US$151.94 million).
Across the 30 yearly changes before that (1990 to 2019), the average change was +US$6.37 million and a typical year strayed about US$44.78 million from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$126.3 million in 1986 and the biggest yearly fall was US$109.18 million 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 6% 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 14th 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
- Togo — 10th of 20: US$1.24 billion
- Fiji — 11th of 20: US$169.06 million
- Lesotho — 12th of 20: US$159.43 million
- Guinea-Bissau — 14th of 20: US$129.02 million
- Kiribati — 15th of 20: US$92.32 million
- Antigua and Barbuda — 16th of 20: US$40.3 million
What this measures
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 41 values
| Year | Adjusted savings, net national savings (current US$) |
|---|---|
| 2020 | 151,944,551 |
| 2019 | 76,828,063 |
| 2018 | 108,888,643 |
| 2017 | 97,090,415 |
| 2016 | 23,750,314 |
| 2015 | 44,092,396 |
| 2014 | 35,684,645 |
| 2013 | 98,293,028 |
| 2012 | 88,717,533 |
| 2011 | 110,234,415 |
Adjusted savings, net national savings (current US$) in nearby economies
- Australia — US$134.41 billion (2021)
- Brunei Darussalam — US$5.41 billion (2021)
- Cambodia — US$4.97 billion (2021)
- China — US$3.3 trillion (2021)
- Fiji — US$169.06 million (2020)
- Hong Kong SAR, China — US$36.15 billion (2021)
- Indonesia — US$157.76 billion (2021)
- Japan — US$96.19 billion (2021)
- Kiribati — US$92.32 million (2020)
More economic policy & debt data for Solomon Islands
- Grants, excluding technical cooperation (BoP, current US$) — 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, net national savings (current US$)?
- US$151.94 million in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 1980?
- It is up 163.47% from −US$239.39 million in 1980. The highest value was US$151.94 million in 2020 and the lowest −US$258.13 million in 1982.
- How does Solomon Islands rank?
- 14th highest of 20 economies with data for 2020.
- Is the latest change in adjusted savings, net national savings (current US$) unusual for Solomon Islands?
- In 2020, Solomon Islands' adjusted savings, net national savings (current US$) rose US$75.12 million on 2019 (from US$76.83 million to US$151.94 million). Across the 30 yearly changes before that (1990 to 2019), the average change was +US$6.37 million and a typical year strayed about US$44.78 million from that (the standard deviation). This year's change was 1.5 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.ADJ.NNAT.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, 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.
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