Taxes less subsidies on products in Solomon Islands
Solomon Islands: Taxes less subsidies on products was 273.56 million constant LCU in 2024. ▲ Rising
Taxes less subsidies on products in Solomon Islands, 2003–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Solomon Islands recorded 273.56 million constant LCU for taxes less subsidies on products in 2024.
Compared with earlier readings it is up 2.9% on the previous year and up 15.4% over ten years.
Over the whole period, taxes less subsidies on products in Solomon Islands peaked at 275.05 million constant LCU in 2019 and was at its lowest, 119.52 million constant LCU, in 2006.
That places Solomon Islands 170th out of 189 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Taxes less subsidies on products in Solomon Islands, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2003 | 124.82 million constant LCU | — |
| 2004 | 134.67 million constant LCU | +7.9% |
| 2005 | 125.39 million constant LCU | -6.9% |
| 2006 | 119.52 million constant LCU | -4.7% |
| 2007 | 135.65 million constant LCU | +13.5% |
| 2008 | 141.28 million constant LCU | +4.2% |
| 2009 | 141.47 million constant LCU | +0.1% |
| 2010 | 141.02 million constant LCU | -0.3% |
| 2011 | 195.92 million constant LCU | +38.9% |
| 2012 | 222.24 million constant LCU | +13.4% |
| 2013 | 234.17 million constant LCU | +5.4% |
| 2014 | 237.14 million constant LCU | +1.3% |
| 2015 | 241.41 million constant LCU | +1.8% |
| 2016 | 255.27 million constant LCU | +5.7% |
| 2017 | 262.95 million constant LCU | +3.0% |
| 2018 | 270.60 million constant LCU | +2.9% |
| 2019 | 275.05 million constant LCU | +1.6% |
| 2020 | 265.87 million constant LCU | -3.3% |
| 2021 | 265.64 million constant LCU | -0.1% |
| 2022 | 258.70 million constant LCU | -2.6% |
| 2023 | 265.87 million constant LCU | +2.8% |
| 2024 | 273.56 million constant LCU | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 131.83 million constant LCU | 119.52 million constant LCU | 141.47 million constant LCU | 7 |
| 2010s | 233.58 million constant LCU | 141.02 million constant LCU | 275.05 million constant LCU | 10 |
| 2020s | 265.92 million constant LCU | 258.70 million constant LCU | 273.56 million constant LCU | 5 |
Countries ranked near Solomon Islands
- 167 Bermuda 285.30 million constant LCU compare
- 168 Sudan 280.08 million constant LCU compare
- 169 Andorra 278.99 million constant LCU compare
- 171 Cayman Islands 272.90 million constant LCU compare
- 172 Turks and Caicos Islands 234.38 million constant LCU compare
- 173 Liberia 202.89 million constant LCU 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1009 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 195.12 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.8532 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 1,650 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0877 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 169.59 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 1,018 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 14.43 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products in Solomon Islands?
- Taxes less subsidies on products in Solomon Islands was 273.56 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Solomon Islands?
- The highest recorded value was 275.05 million constant LCU in 2019.
- What is the lowest taxes less subsidies on products recorded in Solomon Islands?
- The lowest recorded value was 119.52 million constant LCU in 2006.
- How does Solomon Islands rank for taxes less subsidies on products?
- Solomon Islands ranks 170th out of 189 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Solomon Islands?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is rising.
- Where does this Solomon Islands data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
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.