Fiscal Situation of General Government: Net Lending/borrowing for Solomon Islands
SLBGGXCNLG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.05
Year-over-Year Change
34.25%
Date Range
1/1/1990 - 1/1/2029
Summary
The 'Fiscal Situation of General Government: Net Lending/borrowing for Solomon Islands' measures the national government's budget balance as a percentage of GDP. This key metric provides insight into a country's fiscal health and sustainability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This indicator represents the difference between the general government's total revenue and total expenditure, expressed as a percentage of the country's gross domestic product. It is a widely used measure of a government's fiscal position and ability to manage its finances.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts and fiscal statistics.
Historical Context
Governments, policymakers, and analysts closely monitor this metric to assess a country's fiscal policies and long-term economic stability.
Key Facts
- The Solomon Islands had a government budget deficit of 2.2% of GDP in 2021.
- A positive net lending/borrowing ratio indicates a government budget surplus.
- Monitoring this trend is crucial for evaluating a country's fiscal health and policy choices.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the difference between the Solomon Islands' general government's total revenue and total expenditure, expressed as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the Solomon Islands' fiscal position, allowing policymakers and analysts to assess the government's ability to manage its finances and make informed decisions about fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on national accounts and fiscal statistics.
Q: How is this trend used in economic policy?
A: Governments, policymakers, and analysts closely monitor this metric to evaluate a country's fiscal policies and long-term economic stability, which is essential for informed decision-making and policy formulation.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the IMF, and there may be delays in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Net Lending/borrowing for Solomon Islands (SLBGGXCNLG01GDPPT), retrieved from FRED.