Solomon Islands: Debt service to exports (%)

Key figures

What the numbers say

In 2024, Solomon Islands' debt service to exports (%) rose 0.39 percentage points on 2023 (from 2.19% to 2.58%).

Across the 30 yearly changes before that (1986 to 2023), the average change was +0.2 percentage points and a typical year strayed about 1.66 percentage points from that (the standard deviation). This year's change was 0.1 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 4.7 percentage points in 1987 and the biggest yearly fall was 3.26 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 2015 to 2024 there is no clear straight-line trend: a straight line explains 21% 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 2024, Solomon Islands had the 92nd highest value of the 100 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 2024 ranking

• India — 88th of 100: 3.16%
• Timor-Leste — 89th of 100: 3.04%
• Iraq — 90th of 100: 2.92%
• Djibouti — 92nd of 100: 2.03%
• China — 93rd of 100: 1.93%
• Cambodia — 94th of 100: 1.72%

What this measures

Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.

All 36 values

Debt service to exports (%) in nearby economies

• Cambodia — 1.72% (2024)
• China — 1.93% (2024)
• Fiji — 5.1% (2024)
• Indonesia — 12.34% (2024)
• Lao PDR — 7% (2024)
• Mongolia — 8.62% (2024)
• Myanmar — 3.36% (2019)
• Papua New Guinea — 4.78% (2024)
• Philippines — 7.96% (2024)
• Samoa — 8.79% (2024)
• Thailand — 0.97% (2024)
• Timor-Leste

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Solomon Islands's debt service to exports (%)?

2.58% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1982?

It is up 2.37 percentage points from 0.21% in 1982. The highest value was 11.34% in 1990 and the lowest 0.21% in 1982.

How does Solomon Islands rank?

92nd highest of 100 economies with data for 2024.

Is the latest change in debt service to exports (%) unusual for Solomon Islands?

In 2024, Solomon Islands' debt service to exports (%) rose 0.39 percentage points on 2023 (from 2.19% to 2.58%). Across the 30 yearly changes before that (1986 to 2023), the average change was +0.2 percentage points and a typical year strayed about 1.66 percentage points from that (the standard deviation). This year's change was 0.1 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 DT.TDS.DPPF.XP.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, 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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