Taxes on goods and services (current LCU), annual growth rate in Solomon Islands
Solomon Islands: Taxes on goods and services (current LCU), annual growth rate was 9.07 % change on previous year in 2024. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Solomon Islands, 2012–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes on goods and services (current lcu), annual growth rate in Solomon Islands stood at 9.07 % change on previous year.
Compared with earlier readings it is down 88.4% on the previous year and down 11.0% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Solomon Islands peaked at 77.92 % change on previous year in 2023 and was at its lowest, -29.52 % change on previous year, in 2018.
That places Solomon Islands 81st out of 156 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Solomon Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2012 | 1.21 % change on previous year | — |
| 2013 | 6.13 % change on previous year | +407.2% |
| 2014 | 10.18 % change on previous year | +66.0% |
| 2015 | -8.84 % change on previous year | -186.8% |
| 2016 | -4.26 % change on previous year | -51.8% |
| 2017 | 74.52 % change on previous year | -1848.6% |
| 2018 | -29.52 % change on previous year | -139.6% |
| 2019 | -4.62 % change on previous year | -84.3% |
| 2020 | -7.92 % change on previous year | +71.4% |
| 2023 | 77.92 % change on previous year | -1083.7% |
| 2024 | 9.07 % change on previous year | -88.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.6 % change on previous year | -29.52 % change on previous year | 74.52 % change on previous year | 8 |
| 2020s | 26.36 % change on previous year | -7.92 % change on previous year | 77.92 % change on previous year | 3 |
Countries ranked near Solomon Islands
- 78 El Salvador 9.69 % change on previous year compare
- 79 Lithuania 9.48 % change on previous year compare
- 80 Mozambique 9.43 % change on previous year compare
- 82 Belize 8.93 % change on previous year compare
- 83 Azerbaijan 8.88 % change on previous year compare
- 84 Republic of Moldova 8.71 % change on previous year 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 goods and services (current lcu), annual growth rate in Solomon Islands?
- Taxes on goods and services (current lcu), annual growth rate in Solomon Islands was 9.07 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Solomon Islands?
- The highest recorded value was 77.92 % change on previous year in 2023.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Solomon Islands?
- The lowest recorded value was -29.52 % change on previous year in 2018.
- How does Solomon Islands rank for taxes on goods and services (current lcu), annual growth rate?
- Solomon Islands ranks 81st out of 156 countries with data for 2024.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Solomon Islands?
- Over the last ten years it is down 11.0%. The long-run trend across the full record is volatile.
- Where does this Solomon Islands data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.