Solomon Islands: Goods and services expense (% of expense)

Key figures

What the numbers say

In 2022, Solomon Islands' goods and services expense (% of expense) fell 12.19 percentage points on 2021 (from 50.69% to 38.5%).

Across the 10 yearly changes before that (2012 to 2021), the average change was −0.14 percentage points and a typical year strayed about 2.62 percentage points from that (the standard deviation). This year's change was 4.6 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 2.89 percentage points in 2017 and the biggest yearly fall was 12.19 percentage points in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2022, Solomon Islands had the 2nd highest value of the 24 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Solomon Islands in the 2022 ranking

• Azerbaijan — 1st of 24: 42.55%
• Timor-Leste — 3rd of 24: 28.29%
• Congo, Dem. Rep. — 4th of 24: 27.48%
• Equatorial Guinea — 5th of 24: 25.39%

What this measures

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

Regional and income-group figures are computed by the World Bank as a median.

All 12 values

Goods and services expense (% of expense) in nearby economies

• Australia — 10.76% (2022)
• Cambodia — 15.05% (2023)
• Fiji — 17.36% (2023)
• Kiribati — 29.38% (2023)
• Korea, Rep. — 12.49% (2023)
• Lao PDR — 17.03% (2022)
• Macao SAR, China — 18.01% (2023)
• Malaysia — 11.57% (2023)
• Marshall Islands — 25.88% (2020)
• Micronesia, Fed. Sts. — 32.92% (2020)

More public sector data for Solomon Islands

• CPIA business regulatory environment rating (1=low to 6=high) — 3 (2025)
• CPIA debt policy rating (1=low to 6=high) — 3.5 (2025)
• CPIA economic management cluster average (1=low to 6=high) — 3.17 (2025)
• CPIA policy and institutions for environmental sustainability rating (1=low to 6=high) — 2.5 (2025)
• CPIA quality of budgetary and financial management rating (1=low to 6=high) — 3 (2025)
• CPIA financial sector rating (1=low to 6=high) — 3 (2025)
• CPIA fiscal policy rating (1=low to 6=high) — 3 (2025)
• CPIA gender equality rating (1=low to 6=high) — 3 (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Solomon Islands's goods and services expense (% of expense)?

38.5% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2011?

It is down 13.61 percentage points from 52.11% in 2011. The highest value was 55.23% in 2019 and the lowest 38.5% in 2022.

How does Solomon Islands rank?

2nd highest of 24 economies with data for 2022.

Is the latest change in goods and services expense (% of expense) unusual for Solomon Islands?

In 2022, Solomon Islands' goods and services expense (% of expense) fell 12.19 percentage points on 2021 (from 50.69% to 38.5%). Across the 10 yearly changes before that (2012 to 2021), the average change was −0.14 percentage points and a typical year strayed about 2.62 percentage points from that (the standard deviation). This year's change was 4.6 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator GC.XPN.GSRV.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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