Taxes less subsidies on products (current LCU) in Solomon Islands
Solomon Islands: Taxes less subsidies on products (current LCU) was 266.39 million current LCU in 2024. ◆ Volatile
Latest (2024)
266.39 million current LCU
Change on year
down 0.3%
World rank
181st
of 199 countries
All-time high
303.21 million current LCU
in 2018
All-time low
-37.58 million current LCU
in 2001
Years of data
54
1971–2024
Taxes less subsidies on products in Solomon Islands, 1971–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for taxes less subsidies on products in Solomon Islands is 266.39 million current LCU, measured in 2024.
The figure is down 0.3% on the previous year and up 20.8% over ten years.
Over the whole period, taxes less subsidies on products in Solomon Islands peaked at 303.21 million current LCU in 2018 and was at its lowest, -37.58 million current LCU, in 2001.
Solomon Islands ranks 181st of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU) in Solomon Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 1971 | 1.40 million current LCU | — |
| 1972 | 1.30 million current LCU | -7.1% |
| 1973 | 1.50 million current LCU | +15.4% |
| 1974 | 2.60 million current LCU | +73.3% |
| 1975 | 2.10 million current LCU | -19.2% |
| 1976 | 2.50 million current LCU | +19.0% |
| 1977 | 3.40 million current LCU | +36.0% |
| 1978 | 3.90 million current LCU | +14.7% |
| 1979 | 6.60 million current LCU | +69.2% |
| 1980 | 6.80 million current LCU | +3.0% |
| 1981 | 9.00 million current LCU | +32.4% |
| 1982 | 11.30 million current LCU | +25.6% |
| 1983 | 11.30 million current LCU | +0.0% |
| 1984 | 14.80 million current LCU | +31.0% |
| 1985 | 16.80 million current LCU | +13.5% |
| 1986 | 19.70 million current LCU | +17.3% |
| 1987 | 23.20 million current LCU | +17.8% |
| 1988 | 34.50 million current LCU | +48.7% |
| 1989 | 37.60 million current LCU | +9.0% |
| 1990 | 42.10 million current LCU | +12.0% |
| 1991 | 47.40 million current LCU | +12.6% |
| 1992 | 70.00 million current LCU | +47.7% |
| 1993 | 106.60 million current LCU | +52.3% |
| 1994 | 90.50 million current LCU | -15.1% |
| 1995 | 94.00 million current LCU | +3.9% |
| 1996 | 100.20 million current LCU | +6.6% |
| 1997 | 106.50 million current LCU | +6.3% |
| 1998 | 112.80 million current LCU | +5.9% |
| 1999 | 124.90 million current LCU | +10.7% |
| 2000 | 94.40 million current LCU | -24.4% |
| 2001 | -37.58 million current LCU | -139.8% |
| 2002 | 40.35 million current LCU | -207.4% |
| 2003 | 71.31 million current LCU | +76.7% |
| 2004 | 82.42 million current LCU | +15.6% |
| 2005 | 84.50 million current LCU | +2.5% |
| 2006 | 87.69 million current LCU | +3.8% |
| 2007 | 108.73 million current LCU | +24.0% |
| 2008 | 121.81 million current LCU | +12.0% |
| 2009 | 127.94 million current LCU | +5.0% |
| 2010 | 129.00 million current LCU | +0.8% |
| 2011 | 186.91 million current LCU | +44.9% |
| 2012 | 222.24 million current LCU | +18.9% |
| 2013 | 228.89 million current LCU | +3.0% |
| 2014 | 220.43 million current LCU | -3.7% |
| 2015 | 227.36 million current LCU | +3.1% |
| 2016 | 239.09 million current LCU | +5.2% |
| 2017 | 240.06 million current LCU | +0.4% |
| 2018 | 303.21 million current LCU | +26.3% |
| 2019 | 296.06 million current LCU | -2.4% |
| 2020 | 256.13 million current LCU | -13.5% |
| 2021 | 245.07 million current LCU | -4.3% |
| 2022 | 242.78 million current LCU | -0.9% |
| 2023 | 267.16 million current LCU | +10.0% |
| 2024 | 266.39 million current LCU | -0.3% |
Solomon Islands compared with similar countries
- Solomon Islands's 266.39 million current LCU is below the median for lower middle income countries, which is 101.04 billion current LCU, 0% of the median. (46 countries reporting)
- Solomon Islands's 266.39 million current LCU is below the median for East Asia & Pacific, which is 20.94 billion current LCU, 1% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU) in Solomon Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +207.4% | -37.58 million current LCU | 40.35 million current LCU |
| 2001 | -139.8% | 94.40 million current LCU | -37.58 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.81 million current LCU | 1.30 million current LCU | 6.60 million current LCU | 9 |
| 1980s | 18.50 million current LCU | 6.80 million current LCU | 37.60 million current LCU | 10 |
| 1990s | 89.50 million current LCU | 42.10 million current LCU | 124.90 million current LCU | 10 |
| 2000s | 78.16 million current LCU | -37.58 million current LCU | 127.94 million current LCU | 10 |
| 2010s | 229.33 million current LCU | 129.00 million current LCU | 303.21 million current LCU | 10 |
| 2020s | 255.51 million current LCU | 242.78 million current LCU | 267.16 million current LCU | 5 |
Countries ranked near Solomon Islands
- 178 Bermuda 332.49 million current LCU compare
- 179 Dominica 323.73 million current LCU compare
- 180 Turks and Caicos Islands 308.51 million current LCU compare
- 182 Liechtenstein 244.20 million current LCU compare
- 183 Tonga 218.66 million current LCU compare
- 184 Liberia 148.31 million current 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)
- SDRs holdings, US dollar, annual growth rate -99.65 % change on previous year (2024)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 7.33 units per person (2025)
- SDRs holdings, SDR, annual growth rate -99.64 % change on previous year (2024)
- SDRs holdings, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5.36 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -12.23 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0138 units per US$ of GDP (2025)
Frequently asked questions
- What is taxes less subsidies on products in Solomon Islands?
- Taxes less subsidies on products in Solomon Islands was 266.39 million current 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 303.21 million current LCU in 2018.
- What is the lowest taxes less subsidies on products recorded in Solomon Islands?
- The lowest recorded value was -37.58 million current LCU in 2001.
- How does Solomon Islands rank for taxes less subsidies on products?
- Solomon Islands ranks 181st out of 199 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 20.8%. The long-run trend across the full record is volatile.
- 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.