Taxes on goods and services in Solomon Islands
Solomon Islands: Taxes on goods and services was 14.0% 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 % value added of industry and services.
Analysis
In 2024, taxes on goods and services in Solomon Islands stood at 14.0%. That is the highest value across all 13 years on record.
That represents a change of up 1.5% on the previous year and up 39.2% over ten years.
Over the whole period, taxes on goods and services in Solomon Islands peaked at 14.0% in 2024 and was at its lowest, 7.3%, in 2020.
That places Solomon Islands 34th out of 154 countries with data for 2024, putting it in the top quarter.
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 | % value added of industry and services | Change |
|---|---|---|
| 2011 | 10.3% | — |
| 2012 | 9.6% | -7.3% |
| 2013 | 9.4% | -1.3% |
| 2014 | 10.0% | +6.4% |
| 2015 | 8.5% | -15.4% |
| 2016 | 7.8% | -7.6% |
| 2017 | 12.6% | +60.8% |
| 2018 | 8.2% | -35.3% |
| 2019 | 7.4% | -9.5% |
| 2020 | 7.3% | -1.3% |
| 2022 | 8.3% | +14.2% |
| 2023 | 13.8% | +65.4% |
| 2024 | 14.0% | +1.5% |
Solomon Islands compared with similar countries
- Solomon Islands's 14.0% is above the median for lower middle income countries, which is 8.7%, 1.6× the median. (37 countries reporting)
- Solomon Islands's 14.0% is above the median for East Asia & Pacific, which is 7.8%, 1.8× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.3% | 7.4% | 12.6% | 9 |
| 2020s | 10.8% | 7.3% | 14.0% | 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)
- 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 in Solomon Islands?
- Taxes on goods and services in Solomon Islands was 14.0% 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 14.0% in 2024.
- What is the lowest taxes on goods and services recorded in Solomon Islands?
- The lowest recorded value was 7.3% in 2020.
- How does Solomon Islands rank for taxes on goods and services?
- Solomon Islands ranks 34th out of 154 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 39.2%. 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 (% value added of industry and services). 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 as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.