Customs and other import duties in Solomon Islands
Solomon Islands: Customs and other import duties was 10.4% in 2024. ▼ Falling
Customs and other import duties in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
The most recent figure for customs and other import duties in Solomon Islands is 10.4%, measured in 2024.
Compared with earlier readings it is down 3.1% on the previous year and down 49.9% over ten years.
Over the whole period, customs and other import duties in Solomon Islands peaked at 24.8% in 2022 and was at its lowest, 8.4%, in 2017.
That places Solomon Islands 48th out of 151 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 13 years of available data.
Customs and other import duties in Solomon Islands, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 2011 | 20.7% | — |
| 2012 | 22.8% | +10.5% |
| 2013 | 22.3% | -2.2% |
| 2014 | 20.8% | -7.0% |
| 2015 | 20.0% | -3.5% |
| 2016 | 20.2% | +0.6% |
| 2017 | 8.4% | -58.5% |
| 2018 | 21.9% | +161.4% |
| 2019 | 20.8% | -4.7% |
| 2020 | 23.0% | +10.2% |
| 2022 | 24.8% | +8.0% |
| 2023 | 10.7% | -56.7% |
| 2024 | 10.4% | -3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 19.8% | 8.4% | 22.8% | 9 |
| 2020s | 17.2% | 10.4% | 24.8% | 4 |
Countries ranked near Solomon Islands
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 customs and other import duties in Solomon Islands?
- Customs and other import duties in Solomon Islands was 10.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Solomon Islands?
- The highest recorded value was 24.8% in 2022.
- What is the lowest customs and other import duties recorded in Solomon Islands?
- The lowest recorded value was 8.4% in 2017.
- How does Solomon Islands rank for customs and other import duties?
- Solomon Islands ranks 48th out of 151 countries with data for 2024.
- Is customs and other import duties rising or falling in Solomon Islands?
- Over the last ten years it is down 49.9%. The long-run trend across the full record is falling.
- 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 Customs and other import duties (% of tax revenue). Statizoid updates them automatically from the source API.
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CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.