Taxes less subsidies on products (constant LCU), per unit of GDP in Solomon Islands
Solomon Islands: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.1727 constant LCU per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Solomon Islands, 2003–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
Solomon Islands recorded 0.1727 constant LCU per US$ of GDP for taxes less subsidies on products (constant lcu), per unit of gdp in 2024.
The figure is down 2.2% on the previous year and down 2.7% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Solomon Islands peaked at 0.2989 constant LCU per US$ of GDP in 2003 and was at its lowest, 0.157 constant LCU per US$ of GDP, in 2010.
Solomon Islands ranks 120th of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Solomon Islands, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2003 | 0.2989 constant LCU per US$ of GDP | — |
| 2004 | 0.2877 constant LCU per US$ of GDP | -3.7% |
| 2005 | 0.2268 constant LCU per US$ of GDP | -21.2% |
| 2006 | 0.1936 constant LCU per US$ of GDP | -14.6% |
| 2007 | 0.1951 constant LCU per US$ of GDP | +0.8% |
| 2008 | 0.182 constant LCU per US$ of GDP | -6.7% |
| 2009 | 0.1756 constant LCU per US$ of GDP | -3.5% |
| 2010 | 0.157 constant LCU per US$ of GDP | -10.6% |
| 2011 | 0.1842 constant LCU per US$ of GDP | +17.3% |
| 2012 | 0.1875 constant LCU per US$ of GDP | +1.8% |
| 2013 | 0.1821 constant LCU per US$ of GDP | -2.9% |
| 2014 | 0.1776 constant LCU per US$ of GDP | -2.5% |
| 2015 | 0.1846 constant LCU per US$ of GDP | +4.0% |
| 2016 | 0.185 constant LCU per US$ of GDP | +0.3% |
| 2017 | 0.1789 constant LCU per US$ of GDP | -3.3% |
| 2018 | 0.1675 constant LCU per US$ of GDP | -6.4% |
| 2019 | 0.1699 constant LCU per US$ of GDP | +1.4% |
| 2020 | 0.1731 constant LCU per US$ of GDP | +1.9% |
| 2021 | 0.1705 constant LCU per US$ of GDP | -1.5% |
| 2022 | 0.1764 constant LCU per US$ of GDP | +3.5% |
| 2023 | 0.1765 constant LCU per US$ of GDP | +0.1% |
| 2024 | 0.1727 constant LCU per US$ of GDP | -2.2% |
Solomon Islands compared with similar countries
- Solomon Islands's 0.1727 constant LCU per US$ of GDP is below the median for lower middle income countries, which is 1.91 constant LCU per US$ of GDP, 9% of the median. (46 countries reporting)
- Solomon Islands's 0.1727 constant LCU per US$ of GDP is above the median for East Asia & Pacific, which is 0.1427 constant LCU per US$ of GDP, 1.2× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2228 constant LCU per US$ of GDP | 0.1756 constant LCU per US$ of GDP | 0.2989 constant LCU per US$ of GDP | 7 |
| 2010s | 0.1774 constant LCU per US$ of GDP | 0.157 constant LCU per US$ of GDP | 0.1875 constant LCU per US$ of GDP | 10 |
| 2020s | 0.1738 constant LCU per US$ of GDP | 0.1705 constant LCU per US$ of GDP | 0.1765 constant LCU per US$ of GDP | 5 |
Countries ranked near Solomon Islands
- 117 Argentina 0.1924 constant LCU per US$ of GDP compare
- 118 Turkey 0.1731 constant LCU per US$ of GDP compare
- 119 Romania 0.1727 constant LCU per US$ of GDP compare
- 121 Peru 0.1656 constant LCU per US$ of GDP compare
- 122 Turks and Caicos Islands 0.1343 constant LCU per US$ of GDP compare
- 123 Palestine 0.1341 constant LCU per US$ of GDP compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 52.88 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0334 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 64.55 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 32.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -58.21 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0208 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3505 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Solomon Islands?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Solomon Islands was 0.1727 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Solomon Islands?
- The highest recorded value was 0.2989 constant LCU per US$ of GDP in 2003.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Solomon Islands?
- The lowest recorded value was 0.157 constant LCU per US$ of GDP in 2010.
- How does Solomon Islands rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Solomon Islands ranks 120th out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Solomon Islands?
- Over the last ten years it is down 2.7%. The long-run trend across the full record is falling.
- Where does this Solomon Islands data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.