Taxes on goods and services (current LCU), per unit of GDP in Solomon Islands
Solomon Islands: Taxes on goods and services (current LCU), per unit of GDP was 0.8301 current LCU per US$ of GDP in 2024. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Solomon Islands, 2011–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in Solomon Islands is 0.8301 current LCU per US$ of GDP, measured in 2024. That is the highest value across all 13 years on record.
The figure is up 3.7% on the previous year and up 72.7% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Solomon Islands peaked at 0.8301 current LCU per US$ of GDP in 2024 and was at its lowest, 0.3941 current LCU per US$ of GDP, in 2020.
Solomon Islands ranks 83rd of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Solomon Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2011 | 0.51 current LCU per US$ of GDP | — |
| 2012 | 0.4633 current LCU per US$ of GDP | -9.2% |
| 2013 | 0.4532 current LCU per US$ of GDP | -2.2% |
| 2014 | 0.4808 current LCU per US$ of GDP | +6.1% |
| 2015 | 0.4476 current LCU per US$ of GDP | -6.9% |
| 2016 | 0.4063 current LCU per US$ of GDP | -9.2% |
| 2017 | 0.6654 current LCU per US$ of GDP | +63.8% |
| 2018 | 0.4267 current LCU per US$ of GDP | -35.9% |
| 2019 | 0.4061 current LCU per US$ of GDP | -4.8% |
| 2020 | 0.3941 current LCU per US$ of GDP | -2.9% |
| 2022 | 0.462 current LCU per US$ of GDP | +17.2% |
| 2023 | 0.8005 current LCU per US$ of GDP | +73.3% |
| 2024 | 0.8301 current LCU per US$ of GDP | +3.7% |
Solomon Islands compared with similar countries
- Solomon Islands's 0.8301 current LCU per US$ of GDP is below the median for lower middle income countries, which is 3.52 current LCU per US$ of GDP, 24% of the median. (37 countries reporting)
- Solomon Islands's 0.8301 current LCU per US$ of GDP is above the median for East Asia & Pacific, which is 0.3173 current LCU per US$ of GDP, 2.6× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU), per unit of GDP in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +73.3% | 0.462 current LCU per US$ of GDP | 0.8005 current LCU per US$ of GDP |
| 2017 | +63.8% | 0.4063 current LCU per US$ of GDP | 0.6654 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.4732 current LCU per US$ of GDP | 0.4061 current LCU per US$ of GDP | 0.6654 current LCU per US$ of GDP | 9 |
| 2020s | 0.6217 current LCU per US$ of GDP | 0.3941 current LCU per US$ of GDP | 0.8301 current LCU per US$ of GDP | 4 |
Countries ranked near Solomon Islands
- 80 Bolivia 1.01 current LCU per US$ of GDP
- 81 Eswatini 0.9646 current LCU per US$ of GDP compare
- 82 Tajikistan 0.8657 current LCU per US$ of GDP compare
- 84 Denmark 0.8297 current LCU per US$ of GDP compare
- 85 Sudan 0.8116 current LCU per US$ of GDP compare
- 86 Botswana 0.5559 current LCU per US$ of GDP compare
More public sector data for Solomon Islands
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is taxes on goods and services (current lcu), per unit of gdp in Solomon Islands?
- Taxes on goods and services (current lcu), per unit of gdp in Solomon Islands was 0.8301 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Solomon Islands?
- The highest recorded value was 0.8301 current LCU per US$ of GDP in 2024.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Solomon Islands?
- The lowest recorded value was 0.3941 current LCU per US$ of GDP in 2020.
- How does Solomon Islands rank for taxes on goods and services (current lcu), per unit of gdp?
- Solomon Islands ranks 83rd out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Solomon Islands?
- Over the last ten years it is up 72.7%. The long-run trend across the full record is rising.
- 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.