Taxes on income, profits and capital gains in Solomon Islands
Solomon Islands: Taxes on income, profits and capital gains was 36.3% 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 % of total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Solomon Islands is 36.3%, measured in 2024.
Compared with earlier readings it is down 0.1% on the previous year and up 9.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Solomon Islands peaked at 37.2% in 2022 and was at its lowest, 31.6%, in 2018.
Solomon Islands ranks 86th of 153 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 income, profits and capital gains in Solomon Islands, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 2011 | 33.4% | — |
| 2012 | 33.9% | +1.3% |
| 2013 | 36.4% | +7.4% |
| 2014 | 33.1% | -9.0% |
| 2015 | 35.9% | +8.3% |
| 2016 | 34.9% | -2.6% |
| 2017 | 34.3% | -1.7% |
| 2018 | 31.6% | -7.9% |
| 2019 | 34.2% | +8.1% |
| 2020 | 34.6% | +1.1% |
| 2022 | 37.2% | +7.6% |
| 2023 | 36.3% | -2.5% |
| 2024 | 36.3% | -0.1% |
Solomon Islands compared with similar countries
- Solomon Islands's 36.3% is above the median for lower middle income countries, which is 35.7%, 1.0× the median. (35 countries reporting)
- Solomon Islands's 36.3% is below the median for East Asia & Pacific, which is 39.9%, 91% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 34.2% | 31.6% | 36.4% | 9 |
| 2020s | 36.1% | 34.6% | 37.2% | 4 |
Countries ranked near Solomon Islands
More public sector data for Solomon Islands
- Democracy, 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)
- Elected parliament, 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)
- 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 income, profits and capital gains in Solomon Islands?
- Taxes on income, profits and capital gains in Solomon Islands was 36.3% 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 37.2% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Solomon Islands?
- The lowest recorded value was 31.6% in 2018.
- How does Solomon Islands rank for taxes on income, profits and capital gains?
- Solomon Islands ranks 86th 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 9.6%. 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 (% of total taxes). 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
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.