Taxes on goods and services (current LCU) in Solomon Islands
Solomon Islands: Taxes on goods and services (current LCU) was 1.31 billion current LCU in 2024. ▲ Rising
Taxes on goods and services in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on goods and services in Solomon Islands is 1.31 billion current LCU, measured in 2024. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 9.1% on the previous year and up 104.8% over ten years.
Over the whole period, taxes on goods and services in Solomon Islands peaked at 1.31 billion current LCU in 2024 and was at its lowest, 542.54 million current LCU, in 2011.
That places Solomon Islands 139th out of 157 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Taxes on goods and services (current LCU) in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2011 | 542.54 million current LCU | — |
| 2012 | 549.10 million current LCU | +1.2% |
| 2013 | 582.77 million current LCU | +6.1% |
| 2014 | 642.12 million current LCU | +10.2% |
| 2015 | 585.37 million current LCU | -8.8% |
| 2016 | 560.42 million current LCU | -4.3% |
| 2017 | 978.05 million current LCU | +74.5% |
| 2018 | 689.32 million current LCU | -29.5% |
| 2019 | 657.47 million current LCU | -4.6% |
| 2020 | 605.39 million current LCU | -7.9% |
| 2022 | 677.61 million current LCU | +11.9% |
| 2023 | 1.21 billion current LCU | +77.9% |
| 2024 | 1.31 billion current LCU | +9.1% |
Solomon Islands compared with similar countries
- Solomon Islands's 1.31 billion current LCU is below the median for lower middle income countries, which is 140.56 billion current LCU, 1% of the median. (37 countries reporting)
- Solomon Islands's 1.31 billion current LCU is below the median for East Asia & Pacific, which is 34.13 billion current LCU, 4% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU) 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 | +77.9% | 677.61 million current LCU | 1.21 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 643.02 million current LCU | 542.54 million current LCU | 978.05 million current LCU | 9 |
| 2020s | 950.88 million current LCU | 605.39 million current LCU | 1.31 billion current LCU | 4 |
Countries ranked near Solomon Islands
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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on goods and services in Solomon Islands?
- Taxes on goods and services in Solomon Islands was 1.31 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Solomon Islands?
- The highest recorded value was 1.31 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Solomon Islands?
- The lowest recorded value was 542.54 million current LCU in 2011.
- How does Solomon Islands rank for taxes on goods and services?
- Solomon Islands ranks 139th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Solomon Islands?
- Over the last ten years it is up 104.8%. The long-run trend across the full record is rising.
- 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 goods and services (current LCU). 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
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.