Solomon Islands: Lending interest rate

The latest value from 2021 is 5.18 percent, a decline from 10.68 percent in 2020. In comparison, the world average is 9.96 percent, based on data from 106 countries. Historically, the average for the Solomon Islands from 1981 to 2021 is 12.3 percent. The minimum value, 5.18 percent, was reached in 2021 while the maximum of 19.46 percent was recorded in 1991. See the global rankings for that indicator or use the country comparator to compare trends over time.

The lending interest rate in the Solomon Islands shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.

Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.