Expense in Solomon Islands

Solomon Islands: Expense was 28.9% in 2022. ▲ Rising

Latest (2022)
28.9%
Change on year
down 4.9%
World rank
62nd
of 157 countries
All-time high
31.9%
in 2020
All-time low
25.0%
in 2011
Years of data
12
2011–2022

Expense in Solomon Islands, 2011–2022

01020302011201620222011: 25 % of GDP2012: 25.3 % of GDP2013: 30.5 % of GDP2014: 30.2 % of GDP2015: 30.7 % of GDP2016: 29.7 % of GDP2017: 30.2 % of GDP2018: 27.6 % of GDP2019: 29 % of GDP2020: 31.9 % of GDP2021: 30.4 % of GDP2022: 28.9 % of GDP

Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.

Analysis

The most recent figure for expense in Solomon Islands is 28.9%, measured in 2022.

That represents a change of down 4.9% on the previous year and up 14.2% over ten years.

Over the whole period, expense in Solomon Islands peaked at 31.9% in 2020 and was at its lowest, 25.0%, in 2011.

That places Solomon Islands 62nd out of 157 countries with data for 2022, putting it in the middle of the range.

The long-run direction has been consistently rising across the 12 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2010s 28.7% 25.0% 30.7% 9
2020s 30.4% 28.9% 31.9% 3

Countries ranked near Solomon Islands

  1. 59 Russia 30.0% compare
  2. 60 Maldives 29.5% compare
  3. 61 Mauritius 29.1% compare
  4. 63 Barbados 28.8% compare
  5. 64 Costa Rica 28.6% compare
  6. 65 Belarus 28.5% compare

See the full ranking of 183 places →

More economy & growth data for Solomon Islands

All data for Solomon Islands →

Frequently asked questions

What is expense in Solomon Islands?
Expense in Solomon Islands was 28.9% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
What is the highest expense recorded in Solomon Islands?
The highest recorded value was 31.9% in 2020.
What is the lowest expense recorded in Solomon Islands?
The lowest recorded value was 25.0% in 2011.
How does Solomon Islands rank for expense?
Solomon Islands ranks 62nd out of 157 countries with data for 2022.
Is expense rising or falling in Solomon Islands?
Over the last ten years it is up 14.2%. 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 Expense (% of GDP). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Expense (% of GDP)
Unit
% of GDP
Source
Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
183 places, 5,211 data points, 1972–2024
Last refreshed

Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.