Solomon Islands: Real interest rate
* indicates monthly or quarterly data series
| Solomon Islands |
Real interest rate: Bank lending rate minus inflation |
|---|---|
| Latest value | 11.30 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1981 - 2021 |
| Average | 3.61 |
| Min - Max | -12.62 - 14.06 |
| Source | The International Monetary Fund |
The latest value from 2021 is 11.3 percent, a decline from 12.17 percent in 2020. In comparison, the world average is 1.66 percent, based on data from 106 countries. Historically, the average for the Solomon Islands from 1981 to 2021 is 3.61 percent. The minimum value, -12.62 percent, was reached in 2003 while the maximum of 14.06 percent was recorded in 1989.
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Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Lending-deposit interest rate spread | 10.19 | 2020 | interest rate points |
| Non-performing loans | 9.51 | 2022 | percent |
| Bank credit to deposits | 59.84 | 2021 | percent |
| Regulatory capital to risk-weighted assets | 32.63 | 2020 | percent |
| Banking system capital to assets | 17.68 | 2020 | percent |
| Lending interest rate | 5.18 | 2021 | percent |
| Real interest rate | 11.30 | 2021 | percent |
| Legal rights | 10.00 | 2019 | points |
| Credit information sharing | 0.00 | 2019 | points |