Taxes on income, profits and capital gains in Solomon Islands
Solomon Islands: Taxes on income, profits and capital gains was 1.13 billion current LCU in 2024. ▲ Rising
Taxes on income, profits and capital gains in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, taxes on income, profits and capital gains in Solomon Islands stood at 1.13 billion current LCU. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 7.4% on the previous year and up 35.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Solomon Islands peaked at 1.13 billion current LCU in 2024 and was at its lowest, 683.36 million current LCU, in 2011.
Solomon Islands ranks 133rd of 153 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Taxes on income, profits and capital gains in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2011 | 683.36 million current LCU | — |
| 2012 | 772.52 million current LCU | +13.0% |
| 2013 | 908.46 million current LCU | +17.6% |
| 2014 | 834.31 million current LCU | -8.2% |
| 2015 | 955.31 million current LCU | +14.5% |
| 2016 | 913.23 million current LCU | -4.4% |
| 2017 | 986.06 million current LCU | +8.0% |
| 2018 | 1.04 billion current LCU | +5.2% |
| 2019 | 1.01 billion current LCU | -3.0% |
| 2020 | 918.35 million current LCU | -8.7% |
| 2022 | 982.78 million current LCU | +7.0% |
| 2023 | 1.05 billion current LCU | +7.1% |
| 2024 | 1.13 billion current LCU | +7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 899.65 million current LCU | 683.36 million current LCU | 1.04 billion current LCU | 9 |
| 2020s | 1.02 billion current LCU | 918.35 million current LCU | 1.13 billion current LCU | 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 income, profits and capital gains in Solomon Islands?
- Taxes on income, profits and capital gains in Solomon Islands was 1.13 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Solomon Islands?
- The highest recorded value was 1.13 billion current LCU in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Solomon Islands?
- The lowest recorded value was 683.36 million current LCU in 2011.
- How does Solomon Islands rank for taxes on income, profits and capital gains?
- Solomon Islands ranks 133rd out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Solomon Islands?
- Over the last ten years it is up 35.5%. 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 income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.