Fiscal Situation of General Government: Gross Debt Position for Solomon Islands
SLBGGXWDGG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.94
Year-over-Year Change
176.96%
Date Range
1/1/2016 - 1/1/2024
Summary
This economic trend tracks the gross debt position of the general government in Solomon Islands. It provides insight into the country's fiscal health and ability to manage its public finances.
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
The gross debt position measures the total outstanding debt owed by the Solomon Islands government, including both domestic and foreign debt. This metric is closely monitored by economists, policymakers, and investors to assess the government's fiscal sustainability and creditworthiness.
Methodology
The data is collected and reported by the International Monetary Fund (IMF).
Historical Context
Policymakers use this trend to guide fiscal and debt management policies, while investors analyze it to evaluate sovereign credit risk.
Key Facts
- Solomon Islands' gross government debt was 13.7% of GDP in 2021.
- The government's debt-to-GDP ratio has decreased from a high of 20% in 2016.
- Domestic debt accounts for around 60% of the total government debt.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt owed by the government of Solomon Islands, including both domestic and foreign debt.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by economists, policymakers, and investors to assess the government's fiscal sustainability and creditworthiness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers use this trend to guide fiscal and debt management policies, while investors analyze it to evaluate sovereign credit risk.
Q: Are there update delays or limitations?
A: The data is typically published with a lag, and may be subject to revisions by the IMF.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Gross Debt Position for Solomon Islands (SLBGGXWDGG01GDPPT), retrieved from FRED.