Subsidies and other transfers in Solomon Islands
Solomon Islands: Subsidies and other transfers was 6.4% in 2022. ▼ Falling
Subsidies and other transfers in Solomon Islands, 2011–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Solomon Islands recorded 6.4% for subsidies and other transfers in 2022.
The figure is up 23.3% on the previous year and down 17.2% over ten years.
Over the whole period, subsidies and other transfers in Solomon Islands peaked at 9.1% in 2015 and was at its lowest, 4.5%, in 2019.
That places Solomon Islands 151st out of 152 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Subsidies and other transfers in Solomon Islands, year by year
| Year | % of expense | Change |
|---|---|---|
| 2011 | 6.2% | — |
| 2012 | 7.7% | +24.2% |
| 2013 | 8.7% | +12.5% |
| 2014 | 7.5% | -13.7% |
| 2015 | 9.1% | +21.1% |
| 2016 | 6.7% | -26.7% |
| 2017 | 6.0% | -9.6% |
| 2018 | 8.3% | +37.3% |
| 2019 | 4.5% | -46.0% |
| 2020 | 5.1% | +14.1% |
| 2021 | 5.2% | +1.7% |
| 2022 | 6.4% | +23.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.2% | 4.5% | 9.1% | 9 |
| 2020s | 5.6% | 5.1% | 6.4% | 3 |
Countries ranked near Solomon Islands
- 148 Tonga 10.6% compare
- 149 Afghanistan 10.5% compare
- 150 Micronesia, Federated States of 7.7% compare
- 152 Samoa 5.4% compare
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 subsidies and other transfers in Solomon Islands?
- Subsidies and other transfers in Solomon Islands was 6.4% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Solomon Islands?
- The highest recorded value was 9.1% in 2015.
- What is the lowest subsidies and other transfers recorded in Solomon Islands?
- The lowest recorded value was 4.5% in 2019.
- How does Solomon Islands rank for subsidies and other transfers?
- Solomon Islands ranks 151st out of 152 countries with data for 2022.
- Is subsidies and other transfers rising or falling in Solomon Islands?
- Over the last ten years it is down 17.2%. 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 Subsidies and other transfers (% 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
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.