Taxes on exports in Solomon Islands
Solomon Islands: Taxes on exports was 11.2% in 2024. ▼ Falling
Taxes on exports in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
In 2024, taxes on exports in Solomon Islands stood at 11.2%. That is the lowest value across all 13 years on record.
Compared with earlier readings it is down 2.2% on the previous year and down 43.4% over ten years.
Over the whole period, taxes on exports in Solomon Islands peaked at 24.2% in 2018 and was at its lowest, 11.2%, in 2024.
That places Solomon Islands 5th out of 76 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 13 years of available data.
Taxes on exports in Solomon Islands, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 2011 | 18.5% | — |
| 2012 | 18.3% | -1.3% |
| 2013 | 17.0% | -7.0% |
| 2014 | 19.7% | +15.8% |
| 2015 | 21.0% | +6.7% |
| 2016 | 22.3% | +5.9% |
| 2017 | 22.0% | -1.3% |
| 2018 | 24.2% | +10.1% |
| 2019 | 21.2% | -12.4% |
| 2020 | 18.1% | -14.7% |
| 2022 | 12.3% | -31.9% |
| 2023 | 11.4% | -7.4% |
| 2024 | 11.2% | -2.2% |
Solomon Islands compared with similar countries
- Solomon Islands's 11.2% is above the median for lower middle income countries, which is 0.5%, 22.5× the median. (26 countries reporting)
- Solomon Islands's 11.2% is above the median for East Asia & Pacific, which is 0.2%, 55.4× the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 20.5% | 17.0% | 24.2% | 9 |
| 2020s | 13.2% | 11.2% | 18.1% | 4 |
Countries ranked near Solomon Islands
- 2 Côte d'Ivoire 15.6% compare
- 3 Kazakhstan 15.0% compare
- 4 Guinea-Bissau 12.6% compare
- 6 Argentina 9.4% compare
- 7 Bahamas 9.0% compare
- 8 Belarus 5.2% 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 taxes on exports in Solomon Islands?
- Taxes on exports in Solomon Islands was 11.2% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on exports recorded in Solomon Islands?
- The highest recorded value was 24.2% in 2018.
- What is the lowest taxes on exports recorded in Solomon Islands?
- The lowest recorded value was 11.2% in 2024.
- How does Solomon Islands rank for taxes on exports?
- Solomon Islands ranks 5th out of 76 countries with data for 2024.
- Is taxes on exports rising or falling in Solomon Islands?
- Over the last ten years it is down 43.4%. 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 Taxes on exports (% of tax revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Export taxes are taxes on goods or services that become payable to government when the goods leave the economic territory or when the services are delivered to non-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.