Taxes on international trade in Solomon Islands
Solomon Islands: Taxes on international trade was 671.62 million current LCU in 2024. ▼ Falling
Taxes on international trade 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 international trade in Solomon Islands stood at 671.62 million current LCU.
Compared with earlier readings it is up 4.6% on the previous year and down 34.2% over ten years.
Over the whole period, taxes on international trade in Solomon Islands peaked at 1.51 billion current LCU in 2018 and was at its lowest, 642.10 million current LCU, in 2023.
That places Solomon Islands 106th out of 155 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 13 years of available data.
Taxes on international trade in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2011 | 802.30 million current LCU | — |
| 2012 | 938.97 million current LCU | +17.0% |
| 2013 | 983.42 million current LCU | +4.7% |
| 2014 | 1.02 billion current LCU | +3.8% |
| 2015 | 1.09 billion current LCU | +7.2% |
| 2016 | 1.11 billion current LCU | +1.4% |
| 2017 | 871.30 million current LCU | -21.5% |
| 2018 | 1.51 billion current LCU | +73.4% |
| 2019 | 1.24 billion current LCU | -18.1% |
| 2020 | 1.09 billion current LCU | -11.9% |
| 2022 | 980.13 million current LCU | -10.1% |
| 2023 | 642.10 million current LCU | -34.5% |
| 2024 | 671.62 million current LCU | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.06 billion current LCU | 802.30 million current LCU | 1.51 billion current LCU | 9 |
| 2020s | 846.03 million current LCU | 642.10 million current LCU | 1.09 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 international trade in Solomon Islands?
- Taxes on international trade in Solomon Islands was 671.62 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Solomon Islands?
- The highest recorded value was 1.51 billion current LCU in 2018.
- What is the lowest taxes on international trade recorded in Solomon Islands?
- The lowest recorded value was 642.10 million current LCU in 2023.
- How does Solomon Islands rank for taxes on international trade?
- Solomon Islands ranks 106th out of 155 countries with data for 2024.
- Is taxes on international trade rising or falling in Solomon Islands?
- Over the last ten years it is down 34.2%. The long-run trend across the full record is falling.
- 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 international trade (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
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.