Solomon Islands - External debt stocks, total (DOD, current US$)

The latest value for External debt stocks, total (DOD, current US$) in Solomon Islands was $388,511,200 as of 2018. Over the past 48 years, the value for this indicator has fluctuated between $388,511,200 in 2018 and $64,800 in 1970.

Definition: Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.

Source: World Bank, International Debt Statistics.

See also:

Year Value
1970 $64,800
1971 $617,657
1972 $622,247
1973 $597,062
1974 $584,777
1975 $8,786,037
1976 $7,381,607
1977 $8,471,074
1978 $11,479,140
1979 $13,761,780
1980 $19,399,960
1981 $23,416,120
1982 $28,028,050
1983 $34,345,140
1984 $44,042,060
1985 $65,542,900
1986 $76,820,060
1987 $97,512,660
1988 $103,661,500
1989 $99,982,950
1990 $120,500,500
1991 $129,466,500
1992 $94,291,520
1993 $150,544,700
1994 $154,928,400
1995 $158,741,500
1996 $147,494,800
1997 $139,946,900
1998 $154,585,700
1999 $165,883,900
2000 $156,207,100
2001 $164,030,800
2002 $180,737,400
2003 $181,240,400
2004 $179,639,700
2005 $167,389,200
2006 $174,423,700
2007 $178,330,600
2008 $166,904,400
2009 $172,447,100
2010 $230,756,600
2011 $257,503,800
2012 $228,147,100
2013 $203,970,800
2014 $187,516,800
2015 $207,462,400
2016 $263,838,500
2017 $376,730,700
2018 $388,511,200

Development Relevance: External indebtedness affects a country's creditworthiness and investor perceptions. Nonreporting countries might have outstanding debt with the World Bank, other international financial institutions, or private creditors. Total debt service is contrasted with countries' ability to obtain foreign exchange through exports of goods, services, primary income, and workers' remittances. Debt ratios are used to assess the sustainability of a country's debt service obligations, but no absolute rules determine what values are too high. Empirical analysis of developing countries' experience and debt service performance shows that debt service difficulties become increasingly likely when the present value of debt reaches 200 percent of exports. Still, what constitutes a sustainable debt burden varies by country. Countries with fast-growing economies and exports are likely to be able to sustain higher debt levels.

Statistical Concept and Methodology: Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis. These data are supplemented by information from major multilateral banks and official lending agencies in major creditor countries. Short-term debt data are gathered from the Quarterly External Debt Statistics (QEDS) database, jointly developed by the World Bank and the IMF and from creditors through the reporting systems of the Bank for International Settlements. Debt data are reported in the currency of repayment and compiled and published in U.S. dollars. End-of-period exchange rates are used for the compilation of stock figures (amount of debt outstanding), and projected debt service and annual average exchange rates are used for the flows. Exchange rates are taken from the IMF's International Financial Statistics. Debt repayable in multiple currencies, goods, or services and debt with a provision for maintenance of the value of the currency of repayment are shown at book value.

Aggregation method: Sum

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: External debt