Solomon Islands Lending Rate
Lending interest rate FR.INR.LEND
Solomon Islands's lending rate was 5.18% in 2021, ranked 21st globally. This represents a 51.5% decrease from 2020. Data from World Bank, covering 1981–2021.
Overview
Solomon Islands's lending rate stood at 5.18% in 2021, a decline of +5.51pp from 2020. Solomon Islands ranked 21st globally.
The Solomon Islands' lending rate has demonstrated a notable decline in recent years, with the current rate at 5.18% in 2021, ranking 21st globally. This represents a significant reduction from the all-time peak of 19.46% in 1991, a year that marked the height of a prolonged period of high interest rates in the region. In contrast, peer countries such as Hong Kong SAR, China, have maintained relatively stable lending rates, with a current rate of 5.00%. The Solomon Islands' lending rate has also surpassed its all-time trough of 5.18% in 2021, indicating a sustained downward trend. The decline in lending rates in the Solomon Islands can be attributed to the country's efforts to stabilize its economy and encourage private sector growth. However, a potential shift in monetary policy or external economic pressures could alter this trend, potentially leading to an increase in lending rates in the future.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2021 | 5.18% | −5.51pp | #21 |
| 2020 | 10.68% | +0.09pp | #70 |
| 2019 | 10.60% | −0.15pp | #71 |
| 2018 | 10.75% | +0.05pp | #74 |
| 2017 | 10.69% | +0.59pp | #81 |
| 2016 | 10.10% | −0.38pp | #72 |
| 2015 | 10.48% | −0.43pp | #77 |
| 2014 | 10.91% | +0.14pp | #83 |
| 2013 | 10.77% | −0.50pp | #82 |
| 2012 | 11.28% | −1.90pp | #79 |
| 2011 | 13.17% | −1.26pp | #87 |
| 2010 | 14.43% | +4.27pp | #100 |
| 2009 | 10.17% | +2.17pp | #55 |
| 2008 | 8.00% | +0.00pp | #38 |
| 2007 | 8.00% | −0.17pp | #34 |
Detected Pattern
Analysis
Solomon Islands matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Solomon Islands's lending rate was 5.18% in 2021. Ranked 21st globally. This represents a 51.5% decrease from the previous year.
Solomon Islands's lending rate peaked at 19.46% in 1991.
The lowest lending rate in Solomon Islands was 5.18% in 2021.
Solomon Islands ranks 21st globally in lending rate as of 2021.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
The lending rate of Solomon Islands in 2021 was 5.18%. This ranks 21st in the world.
Cite this page
@misc{historysaid_solomon-islands_lending-rate,
title = {Solomon Islands Lending Rate},
url = {https://historysaid.com/solomon-islands/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}