Compensation of employees in Solomon Islands
Solomon Islands: Compensation of employees was 2.14 billion current LCU in 2024. ▲ Rising
Compensation of employees in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Solomon Islands stood at 2.14 billion current LCU. That is the highest value across all 14 years on record.
That represents a change of up 3.4% on the previous year and up 125.8% over ten years.
Over the whole period, compensation of employees in Solomon Islands peaked at 2.14 billion current LCU in 2024 and was at its lowest, 717.07 million current LCU, in 2011.
Solomon Islands ranks 136th of 156 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Compensation of employees in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2011 | 717.07 million current LCU | — |
| 2012 | 770.98 million current LCU | +7.5% |
| 2013 | 887.66 million current LCU | +15.1% |
| 2014 | 949.39 million current LCU | +7.0% |
| 2015 | 1.06 billion current LCU | +11.7% |
| 2016 | 1.15 billion current LCU | +8.2% |
| 2017 | 1.22 billion current LCU | +5.9% |
| 2018 | 1.32 billion current LCU | +8.8% |
| 2019 | 1.39 billion current LCU | +5.3% |
| 2020 | 1.47 billion current LCU | +5.4% |
| 2021 | 1.35 billion current LCU | -7.7% |
| 2022 | 1.64 billion current LCU | +20.8% |
| 2023 | 2.07 billion current LCU | +26.7% |
| 2024 | 2.14 billion current LCU | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.05 billion current LCU | 717.07 million current LCU | 1.39 billion current LCU | 9 |
| 2020s | 1.73 billion current LCU | 1.35 billion current LCU | 2.14 billion current LCU | 5 |
Countries ranked near Solomon Islands
- 133 Kuwait 2.47 billion current LCU
- 134 Papua New Guinea 2.33 billion current LCU compare
- 135 Malta 2.17 billion current LCU compare
- 137 Bahrain 1.39 billion current LCU compare
- 138 Fiji 1.08 billion current LCU compare
- 139 Seychelles 851.67 million current LCU
More public sector data for Solomon Islands
- Tax revenue 23.3% (2024)
- Taxes on income, profits and capital gains 22.7% (2024)
- Taxes on goods and services 26.4% (2024)
- Net investment in nonfinancial assets 7.7% (2024)
- Net lending (+) / net borrowing (-) -1.9% (2024)
- Interest payments 1.5% (2024)
- Grants and other revenue 37.4% (2024)
- Interest payments 1.3% (2022)
- Other taxes 0.9% (2020)
- Compensation of employees 47.3% (2022)
Frequently asked questions
- What is compensation of employees in Solomon Islands?
- Compensation of employees in Solomon Islands was 2.14 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Solomon Islands?
- The highest recorded value was 2.14 billion current LCU in 2024.
- What is the lowest compensation of employees recorded in Solomon Islands?
- The lowest recorded value was 717.07 million current LCU in 2011.
- How does Solomon Islands rank for compensation of employees?
- Solomon Islands ranks 136th out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Solomon Islands?
- Over the last ten years it is up 125.8%. The long-run trend across the full record is rising.
- Where does this Solomon Islands data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.