Solomon Islands's taxes less subsidies on products (constant LCU) was 273.56 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 15.36% from 237.14 million in 2014 (1.44% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 273.56 million | 2024 |
| Five years earlier | 275.05 million | 2019 |
| Ten years earlier | 237.14 million | 2014 |
| Highest | 275.05 million | 2019 |
| Lowest | 119.52 million | 2006 |
| Average since 2015 | 263.49 million | 2015–2024 |
| First recorded | 124.82 million |
What the numbers say
In 2024, Solomon Islands' taxes less subsidies on products (constant LCU) rose 2.9% on 2023 (from 265.87 million to 273.56 million).
Across the 20 yearly changes before that (2004 to 2023), the average change was +4.2% and a typical year strayed about 9.7% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 38.9% in 2011 and the biggest yearly fall was 6.9% in 2005. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 1.93 million a year. A straight line explains 35% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Solomon Islands had the 20th highest value of the 26 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 2024 ranking
- Tajikistan — 16th of 26: 515.88 million
- Cuba — 17th of 26: 289 million
- Bermuda — 18th of 26: 285.3 million
- Cayman Islands — 20th of 26: 272.9 million
- Turks and Caicos Islands — 21st of 26: 234.38 million
- Tonga — 22nd of 26: 149.63 million
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 22 values
| Year | Taxes less subsidies on products (constant LCU) |
|---|---|
| 2024 | 273,555,700 |
| 2023 | 265,866,100 |
| 2022 | 258,701,400 |
| 2021 | 265,635,500 |
| 2020 | 265,864,700 |
| 2019 | 275,051,600 |
| 2018 | 270,597,700 |
| 2017 | 262,954,300 |
| 2016 | 255,266,000 |
| 2015 | 241,412,700 |
Taxes less subsidies on products (constant LCU) in nearby economies
- Australia — 171.12 billion (2025)
- Brunei Darussalam — -374.3 million (2025)
- Cambodia — 9.98 trillion (2025)
- Fiji — 1.9 billion (2025)
- Hong Kong SAR, China — 125.29 billion (2025)
- Indonesia — 577.31 trillion (2025)
- Kiribati — 1.03 million (2024)
- Korea, Rep. — 166.18 trillion (2025)
- Lao PDR — 15.75 trillion (2025)
- Macao SAR, China
More economic policy & debt data for Solomon Islands
- Grants, excluding technical cooperation (BoP, current US$) — US$191.86 million (2023)
- Technical cooperation grants (BoP, current US$) — US$23.39 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$175.09 million (2023)
- Net official development assistance and official aid received (current US$) — US$243.66 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$243.66 million (2023)
- Net official development assistance received (current US$) — US$243.66 million (2023)
- Net official development assistance received (constant 2023 US$) — US$243.66 million (2023)
- Net ODA received per capita (current US$)
Reading data like this
Questions people ask
- What is Solomon Islands's taxes less subsidies on products (constant LCU)?
- 273.56 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2003?
- It is up 119.16% from 124.82 million in 2003 (3.81% a year on average, compounded). The highest value was 275.05 million in 2019 and the lowest 119.52 million in 2006.
- How does Solomon Islands rank?
- 20th highest of 26 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (constant LCU) unusual for Solomon Islands?
- In 2024, Solomon Islands' taxes less subsidies on products (constant LCU) rose 2.9% on 2023 (from 265.87 million to 273.56 million). Across the 20 yearly changes before that (2004 to 2023), the average change was +4.2% and a typical year strayed about 9.7% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.TAX.NIND.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in