household debts on the Solomon Islands

Gross debt on the Solomon Islands

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt on the Solomon Islands in the period from 1998 to 2020 was between 97.5 million and 228.8 million USD. The hightest level within the past 22 years was reached in 2005. However, the liabilities in 2020 have been only 215 million USD

Based on the number of inhabitants, this is a debt of 311 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.

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Gross debt for the last 22 years in millions of USD

YearSolomon Islands totalSolomon Islands per capitaEU per capita
1998163.90 M USD419 USD14,079 USD
1999172.20 M USD429 USD14,032 USD
2000165.85 M USD402 USD11,232 USD
2001209.62 M USD494 USD11,255 USD
2002209.28 M USD481 USD12,258 USD
2003222.11 M USD497 USD15,286 USD
2004211.48 M USD461 USD17,595 USD
2005228.77 M USD487 USD18,327 USD
2006227.88 M USD474 USD18,877 USD
2007213.03 M USD433 USD20,898 USD
2008144.94 M USD288 USD24,086 USD
2009202.35 M USD393 USD25,361 USD
2010194.32 M USD368 USD26,496 USD
2011192.60 M USD356 USD29,231 USD
2012180.40 M USD324 USD28,174 USD
2013173.24 M USD303 USD29,981 USD
2014139.73 M USD238 USD30,648 USD
2015117.25 M USD191 USD25,918 USD
201697.54 M USD155 USD26,261 USD
2017123.26 M USD192 USD27,024 USD
2018134.08 M USD203 USD28,448 USD
2019134.59 M USD199 USD27,168 USD
2020214.87 M USD311 USD30,783 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Solomon Islands       European Union