Budget balance — all countries

Budget balance — Solomon Islands

Budget balance in the Solomon Islands in 2031 — -2.9%. Ranked 113 in the world out of 188. Since 1980, the indicator has fallen by 5.8 pp.

2031 -2.9% +0 pp vs 2030
World rank 113of 188
Period maximum 14.5%2004
Period minimum -21.8%1987

Trend over time

1980–2031 · % of GDP

Budget balance — Solomon Islands, 1980–2031-30-20-100102019801986199219982004201020162022202820311980: 2.9%1981: -0.9%1982: 0.6%1983: -0.7%1984: -5.8%1985: -7.5%1986: -9.2%1987: -21.8%1988: -14.1%1989: -12.9%1990: 0.5%1991: 0.1%1992: 3.5%1993: 2.1%1994: 3.7%1995: 2.7%1996: 3.1%1997: 1.8%1998: 4.3%1999: -0.3%2000: -2.5%2001: -2%2002: -3.7%2003: 8.9%2004: 14.5%2005: 11.5%2006: 11.3%2007: 13.7%2008: 1.7%2009: 2.1%2010: 5.7%2011: 6.1%2012: 4.6%2013: 3.6%2014: 2.1%2015: 0.8%2016: -3.6%2017: -2.3%2018: 1.5%2019: -1.5%2020: -2.4%2021: -1.8%2022: -2.7%2023: -4.1%2024: -2.1%2025: -3.2%2026: -3.4%2027: -3.2%2028: -3.2%2029: -3%2030: -2.9%2031: -2.9%
Change over the period: −5.8 pp Annual average: -0.11 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Solomon Islands

Solomon Islands -2.9%
World computed -4.85%
East Asia & Pacific computed -5.66%
Melanesia computed -0.37%
Budget balance — Solomon Islands, by year Solomon Islands All countries CSV XLSX
Year % Change, pp
2031 -2.9 +0 pp
2030 -2.9 +0.1 pp
2029 -3 +0.2 pp
2028 -3.2 +0 pp
2027 -3.2 +0.2 pp
2026 -3.4 −0.2 pp
2025 -3.2 −1.1 pp
2024 -2.1 +2 pp
2023 -4.1 −1.4 pp
2022 -2.7 −0.9 pp
2021 -1.8 +0.6 pp
2020 -2.4 −0.9 pp
2019 -1.5 −3 pp
2018 1.5 +3.8 pp
2017 -2.3 +1.3 pp
2016 -3.6 −4.4 pp
2015 0.8 −1.3 pp
2014 2.1 −1.5 pp
2013 3.6 −1 pp
2012 4.6 −1.5 pp
2011 6.1 +0.4 pp
2010 5.7 +3.6 pp
2009 2.1 +0.4 pp
2008 1.7 −12 pp
2007 13.7 +2.4 pp
2006 11.3 −0.2 pp
2005 11.5 −3 pp
2004 14.5 +5.6 pp
2003 8.9 +12.6 pp
2002 -3.7 −1.7 pp
2001 -2 +0.5 pp
2000 -2.5 −2.2 pp
1999 -0.3 −4.6 pp
1998 4.3 +2.5 pp
1997 1.8 −1.3 pp
1996 3.1 +0.4 pp
1995 2.7 −1 pp
1994 3.7 +1.6 pp
1993 2.1 −1.4 pp
1992 3.5 +3.4 pp
1991 0.1 −0.4 pp
1990 0.5 +13.4 pp
1989 -12.9 +1.2 pp
1988 -14.1 +7.7 pp
1987 -21.8 −12.6 pp
1986 -9.2 −1.7 pp
1985 -7.5 −1.7 pp
1984 -5.8 −5.1 pp
1983 -0.7 −1.3 pp
1982 0.6 +1.5 pp
1981 -0.9 −3.8 pp
1980 2.9

Melanesia, 2031

The same indicator for neighboring countries — with links to their pages

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.