Solomon Islands Private Credit (% GDP)

Solomon Islands' private credit (% GDP) fell to 30.3% in 2024, down from 31.54% in 2023, according to World Bank. This represents a decrease of 1.24% from the previous year. The Solomon Islands has private credit (% GDP) lower than the global median (30.30% vs median 39.47%). Compared with the median in Oceania, the Solomon Islands is lower (30.30% vs regional median 54.23%) and ranks 7th out of 9 countries in Oceania.

Yearly Historical Data (1978-2024)

(in %)

Year	Private Credit (% GDP)
2024	30.3%
2023	31.54%
2022	32.5%
2021	33.59%
2020	32.57%
2019	30.74%
2018	30.7%
2017	33.23%
2016	34.22%
2015	33.01%
2014	31.62%
2013	29.31%
2012	19.72%
2011	18.84%
2010	20.54%
2009	23.77%
2008	25.24%
2007	23.27%
2006	18.53%
2005	15.4%
2004	14.36%
2003	15.18%
2002	18.66%
2001	19.37%
2000	16.59%
1999	14.8%
1998	15.04%
1997	14.41%
1996	14.01%
1995	13.04%
1994	13.8%
1993	16.49%
1992	16.82%
1991	16.13%
1990	19.09%
1989	39.25%
1988	34.55%
1987	30.91%
1986	32.96%
1985	31.98%
1984	24.23%
1983	21.57%
1982	21.62%
1981	22.77%
1980	19.55%
1979	15.98%
1978	10.78%

Solomon Islands Private Credit (% GDP) : Definition

Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Solomon Islands.