Latin America & Caribbean vs Solomon Islands: Taxes on international trade
Taxes on international trade over time
- Latin America & Caribbean
- Solomon Islands
How they compare
Solomon Islands currently reports 13.5% against 3.6% in Latin America & Caribbean, a difference of 9.9%.
That makes Solomon Islands's figure about 3.8 times Latin America & Caribbean's.
Across all 13 years both countries report, Solomon Islands has been ahead every year.
Latin America & Caribbean ranks 22nd and Solomon Islands ranks 24th of 41 groups.
Solomon Islands has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Solomon Islands | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.1% | 26.9% | 22.8% | Solomon Islands |
| 2020s | 3.5% | 19.1% | 15.6% | Solomon Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on international trade, Latin America & Caribbean or Solomon Islands?
- Solomon Islands, at 13.5% against 3.6% in Latin America & Caribbean as of 2024.
- What is the difference in taxes on international trade between Latin America & Caribbean and Solomon Islands?
- 9.9%, with Solomon Islands ahead.
- How many years of comparable data are there for Latin America & Caribbean and Solomon Islands?
- 13 years are reported by both, from 2011 to 2024.
- How do Latin America & Caribbean and Solomon Islands rank globally for taxes on international trade?
- Latin America & Caribbean ranks 22nd and Solomon Islands ranks 24th of 41 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on international trade (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.