Expense in Solomon Islands
Solomon Islands: Expense was 28.9% in 2022. ▲ Rising
Expense in Solomon Islands, 2011–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for expense in Solomon Islands is 28.9%, measured in 2022.
That represents a change of down 4.9% on the previous year and up 14.2% over ten years.
Over the whole period, expense in Solomon Islands peaked at 31.9% in 2020 and was at its lowest, 25.0%, in 2011.
That places Solomon Islands 62nd out of 157 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Expense in Solomon Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 25.0% | — |
| 2012 | 25.3% | +1.2% |
| 2013 | 30.5% | +20.6% |
| 2014 | 30.2% | -1.1% |
| 2015 | 30.7% | +1.7% |
| 2016 | 29.7% | -3.0% |
| 2017 | 30.2% | +1.6% |
| 2018 | 27.6% | -8.8% |
| 2019 | 29.0% | +5.1% |
| 2020 | 31.9% | +10.1% |
| 2021 | 30.4% | -4.8% |
| 2022 | 28.9% | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 28.7% | 25.0% | 30.7% | 9 |
| 2020s | 30.4% | 28.9% | 31.9% | 3 |
Countries ranked near Solomon Islands
More economy & growth data for Solomon Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9064 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.96 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 6.3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 8.29 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 16,023 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9137 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 1,767 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 6.57 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is expense in Solomon Islands?
- Expense in Solomon Islands was 28.9% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Solomon Islands?
- The highest recorded value was 31.9% in 2020.
- What is the lowest expense recorded in Solomon Islands?
- The lowest recorded value was 25.0% in 2011.
- How does Solomon Islands rank for expense?
- Solomon Islands ranks 62nd out of 157 countries with data for 2022.
- Is expense rising or falling in Solomon Islands?
- Over the last ten years it is up 14.2%. 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 Expense (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.