Goods and services expense (current LCU) in Solomon Islands
Solomon Islands: Goods and services expense (current LCU) was 1.33 billion current LCU in 2024. ▲ Rising
Goods and services expense in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Solomon Islands is 1.33 billion current LCU, measured in 2024.
The figure is up 18.5% on the previous year and down 15.8% over ten years.
Over the whole period, goods and services expense in Solomon Islands peaked at 2.12 billion current LCU in 2020 and was at its lowest, 1.06 billion current LCU, in 2011.
That places Solomon Islands 132nd out of 155 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Goods and services expense (current LCU) in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2011 | 1.06 billion current LCU | — |
| 2012 | 1.13 billion current LCU | +6.3% |
| 2013 | 1.50 billion current LCU | +33.0% |
| 2014 | 1.57 billion current LCU | +5.2% |
| 2015 | 1.51 billion current LCU | -3.9% |
| 2016 | 1.55 billion current LCU | +2.7% |
| 2017 | 1.77 billion current LCU | +14.0% |
| 2018 | 1.87 billion current LCU | +5.5% |
| 2019 | 2.12 billion current LCU | +13.4% |
| 2020 | 2.12 billion current LCU | +0.1% |
| 2021 | 1.93 billion current LCU | -9.1% |
| 2022 | 1.33 billion current LCU | -31.0% |
| 2023 | 1.12 billion current LCU | -15.9% |
| 2024 | 1.33 billion current LCU | +18.5% |
Solomon Islands compared with similar countries
- Solomon Islands's 1.33 billion current LCU is below the median for lower middle income countries, which is 40.65 billion current LCU, 3% of the median. (36 countries reporting)
- Solomon Islands's 1.33 billion current LCU is below the median for East Asia & Pacific, which is 14.18 billion current LCU, 9% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.56 billion current LCU | 1.06 billion current LCU | 2.12 billion current LCU | 9 |
| 2020s | 1.56 billion current LCU | 1.12 billion current LCU | 2.12 billion current LCU | 5 |
Countries ranked near Solomon Islands
More public sector data for Solomon Islands
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is goods and services expense in Solomon Islands?
- Goods and services expense in Solomon Islands was 1.33 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Solomon Islands?
- The highest recorded value was 2.12 billion current LCU in 2020.
- What is the lowest goods and services expense recorded in Solomon Islands?
- The lowest recorded value was 1.06 billion current LCU in 2011.
- How does Solomon Islands rank for goods and services expense?
- Solomon Islands ranks 132nd out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Solomon Islands?
- Over the last ten years it is down 15.8%. 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 Goods and services expense (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
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.