Tax revenue in Solomon Islands
Solomon Islands: Tax revenue was 3.12 billion current LCU in 2024. ▲ Rising
Tax revenue in Solomon Islands, 2011–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Solomon Islands recorded 3.12 billion current LCU for tax revenue in 2024.
The figure is up 7.5% on the previous year and up 23.6% over ten years.
Over the whole period, tax revenue in Solomon Islands peaked at 3.28 billion current LCU in 2018 and was at its lowest, 2.05 billion current LCU, in 2011.
That places Solomon Islands 137th out of 157 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 | 2.64 billion current LCU | 2.05 billion current LCU | 3.28 billion current LCU | 9 |
| 2020s | 2.79 billion current LCU | 2.62 billion current LCU | 3.12 billion current LCU | 5 |
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 tax revenue in Solomon Islands?
- Tax revenue in Solomon Islands was 3.12 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Solomon Islands?
- The highest recorded value was 3.28 billion current LCU in 2018.
- What is the lowest tax revenue recorded in Solomon Islands?
- The lowest recorded value was 2.05 billion current LCU in 2011.
- How does Solomon Islands rank for tax revenue?
- Solomon Islands ranks 137th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Solomon Islands?
- Over the last ten years it is up 23.6%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.