Tax revenue in Solomon Islands
Solomon Islands: Tax revenue was 23.3% in 2024. ▼ Falling
Tax revenue in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Solomon Islands recorded 23.3% for tax revenue in 2024.
Compared with earlier readings it is up 1.2% on the previous year and down 9.1% over ten years.
Over the whole period, tax revenue in Solomon Islands peaked at 26.6% in 2013 and was at its lowest, 21.0%, in 2021.
Solomon Islands ranks 27th of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Tax revenue in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 25.2% | — |
| 2012 | 26.2% | +4.0% |
| 2013 | 26.6% | +1.6% |
| 2014 | 25.6% | -3.8% |
| 2015 | 25.7% | +0.6% |
| 2016 | 23.8% | -7.4% |
| 2017 | 24.8% | +3.9% |
| 2018 | 25.5% | +3.1% |
| 2019 | 22.2% | -12.9% |
| 2020 | 21.1% | -5.3% |
| 2021 | 21.0% | -0.4% |
| 2022 | 22.1% | +5.3% |
| 2023 | 23.0% | +4.2% |
| 2024 | 23.3% | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 25.1% | 22.2% | 26.6% | 9 |
| 2020s | 22.1% | 21.0% | 23.3% | 5 |
Countries ranked near Solomon Islands
More public sector data for Solomon Islands
- 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)
- Goods and services expense 38.5% (2022)
Frequently asked questions
- What is tax revenue in Solomon Islands?
- Tax revenue in Solomon Islands was 23.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Solomon Islands?
- The highest recorded value was 26.6% in 2013.
- What is the lowest tax revenue recorded in Solomon Islands?
- The lowest recorded value was 21.0% in 2021.
- How does Solomon Islands rank for tax revenue?
- Solomon Islands ranks 27th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Solomon Islands?
- Over the last ten years it is down 9.1%. 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.