Goods and services expense in Solomon Islands
Solomon Islands: Goods and services expense was 38.5% in 2022. ▼ Falling
Goods and services expense in Solomon Islands, 2011–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, goods and services expense in Solomon Islands stood at 38.5%. That is the lowest value across all 12 years on record.
The figure is down 24.0% on the previous year and down 24.6% over ten years.
Over the whole period, goods and services expense in Solomon Islands peaked at 55.2% in 2019 and was at its lowest, 38.5%, in 2022.
That places Solomon Islands 6th out of 154 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently falling across the 12 years of available data.
Goods and services expense in Solomon Islands, year by year
| Year | % of expense | Change |
|---|---|---|
| 2011 | 52.1% | — |
| 2012 | 51.0% | -2.1% |
| 2013 | 52.3% | +2.4% |
| 2014 | 53.0% | +1.4% |
| 2015 | 47.6% | -10.1% |
| 2016 | 47.6% | -0.0% |
| 2017 | 50.5% | +6.1% |
| 2018 | 52.7% | +4.4% |
| 2019 | 55.2% | +4.7% |
| 2020 | 52.7% | -4.6% |
| 2021 | 50.7% | -3.8% |
| 2022 | 38.5% | -24.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 51.4% | 47.6% | 55.2% | 9 |
| 2020s | 47.3% | 38.5% | 52.7% | 3 |
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 goods and services expense in Solomon Islands?
- Goods and services expense in Solomon Islands was 38.5% in 2022, 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 55.2% in 2019.
- What is the lowest goods and services expense recorded in Solomon Islands?
- The lowest recorded value was 38.5% in 2022.
- How does Solomon Islands rank for goods and services expense?
- Solomon Islands ranks 6th out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in Solomon Islands?
- Over the last ten years it is down 24.6%. 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 Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.