Solomon Islands: Taxes on international trade (current LCU)

Key figures

What the numbers say

In 2024, Solomon Islands' taxes on international trade (current LCU) rose 4.6% on 2023 (from 642.1 million to 671.62 million).

Across the 10 yearly changes before that (2012 to 2023), the average change was +2.2% and a typical year strayed about 29.5% from that (the standard deviation). This year's change was 0.1 standard deviations above 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 73.4% in 2018 and the biggest yearly fall was 34.5% in 2023. 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 downward, about 50.89 million a year. A straight line explains 35% of the movement over 9 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 56th highest value of the 68 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

• Papua New Guinea — 52nd of 68: 761.78 million
• Switzerland — 53rd of 68: 738.17 million
• Bahamas, The — 54th of 68: 725.21 million
• El Salvador — 56th of 68: 507.6 million
• Fiji — 57th of 68: 495.11 million
• Denmark — 58th of 68: 482 million

What this measures

Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.

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).

All 13 values

Taxes on international trade (current LCU) in nearby economies

• Australia — 16.95 billion (2022)
• Cambodia — 2.52 trillion (2023)
• China — 250.94 billion (2024)
• Fiji — 495.11 million (2024)
• Kiribati — 1.79 million (2023)
• Korea, Rep. — 7.02 trillion (2024)
• Lao PDR — 2.59 trillion (2022)
• Malaysia — 5.17 billion (2024)
• Marshall Islands — 9.27 million (2020)
• Micronesia, Fed. Sts. — 6.2 million (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 taxes on international trade (current LCU)?

671.62 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2011?

It is down 16.29% from 802.3 million in 2011 (1.36% a year on average, compounded). The highest value was 1.51 billion in 2018 and the lowest 642.1 million in 2023.

How does Solomon Islands rank?

56th highest of 68 economies with data for 2024.

Is the latest change in taxes on international trade (current LCU) unusual for Solomon Islands?

In 2024, Solomon Islands' taxes on international trade (current LCU) rose 4.6% on 2023 (from 642.1 million to 671.62 million). Across the 10 yearly changes before that (2012 to 2023), the average change was +2.2% and a typical year strayed about 29.5% from that (the standard deviation). This year's change was 0.1 standard deviations above 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 GC.TAX.INTT.CN, 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.

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.