Subsidies and other transfers in Solomon Islands
Solomon Islands: Subsidies and other transfers was 471.47 million current LCU in 2024. ▲ Rising
Subsidies and other transfers in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for subsidies and other transfers in Solomon Islands is 471.47 million current LCU, measured in 2024. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 182.3% on the previous year and up 111.2% over ten years.
Over the whole period, subsidies and other transfers in Solomon Islands peaked at 471.47 million current LCU in 2024 and was at its lowest, 126.58 million current LCU, in 2011.
That places Solomon Islands 138th out of 153 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 217.01 million current LCU | 126.58 million current LCU | 293.59 million current LCU | 9 |
| 2020s | 252.56 million current LCU | 166.99 million current LCU | 471.47 million current LCU | 5 |
Countries ranked near Solomon Islands
- 135 Bahrain 1.06 billion current LCU compare
- 136 Bahamas 665.50 million current LCU compare
- 137 Andorra 534.02 million current LCU compare
- 139 Seychelles 343.47 million current LCU compare
- 140 San Marino 316.89 million current LCU compare
- 141 East Timor 237.04 million current LCU compare
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 subsidies and other transfers in Solomon Islands?
- Subsidies and other transfers in Solomon Islands was 471.47 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Solomon Islands?
- The highest recorded value was 471.47 million current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Solomon Islands?
- The lowest recorded value was 126.58 million current LCU in 2011.
- How does Solomon Islands rank for subsidies and other transfers?
- Solomon Islands ranks 138th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Solomon Islands?
- Over the last ten years it is up 111.2%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.