Taxes on goods and services in Solomon Islands
Solomon Islands: Taxes on goods and services was 26.4% 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 % of revenue.
Analysis
The most recent figure for taxes on goods and services in Solomon Islands is 26.4%, measured in 2024. That is the highest value across all 13 years on record.
The figure is up 10.4% on the previous year and up 70.0% over ten years.
Over the whole period, taxes on goods and services in Solomon Islands peaked at 26.4% in 2024 and was at its lowest, 12.6%, in 2020.
That places Solomon Islands 96th out of 156 countries with data for 2024, putting it 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 in Solomon Islands, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2011 | 20.3% | — |
| 2012 | 18.5% | -8.9% |
| 2013 | 13.7% | -26.1% |
| 2014 | 15.5% | +13.5% |
| 2015 | 13.4% | -13.9% |
| 2016 | 14.2% | +6.0% |
| 2017 | 22.1% | +56.1% |
| 2018 | 14.8% | -33.2% |
| 2019 | 14.6% | -1.4% |
| 2020 | 12.6% | -13.3% |
| 2022 | 19.0% | +50.6% |
| 2023 | 23.9% | +25.6% |
| 2024 | 26.4% | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 16.3% | 13.4% | 22.1% | 9 |
| 2020s | 20.5% | 12.6% | 26.4% | 4 |
Countries ranked near Solomon Islands
More public sector data for Solomon Islands
- Tax revenue 23.3% (2024)
- Taxes on income, profits and capital gains 22.7% (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 taxes on goods and services in Solomon Islands?
- Taxes on goods and services in Solomon Islands was 26.4% 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 26.4% in 2024.
- What is the lowest taxes on goods and services recorded in Solomon Islands?
- The lowest recorded value was 12.6% in 2020.
- How does Solomon Islands rank for taxes on goods and services?
- Solomon Islands ranks 96th out of 156 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 70.0%. 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 (% of revenue). Statizoid updates them automatically from the source API.
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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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.