Taxes less subsidies on products in Solomon Islands
Solomon Islands: Taxes less subsidies on products was 31.51 million current US$ in 2024. ◆ Volatile
Latest (2024)
31.51 million current US$
Change on year
down 1.2%
World rank
187th
of 197 countries
All-time high
38.13 million current US$
in 2018
All-time low
-7.12 million current US$
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 US$.
Analysis
In 2024, taxes less subsidies on products in Solomon Islands stood at 31.51 million current US$.
That represents a change of down 1.2% on the previous year and up 5.4% over ten years.
Over the whole period, taxes less subsidies on products in Solomon Islands peaked at 38.13 million current US$ in 2018 and was at its lowest, -7.12 million current US$, in 2001.
Solomon Islands ranks 187th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Solomon Islands, year by year
| Year | current US$ | Change |
|---|---|---|
| 1971 | 1.59 million current US$ | — |
| 1972 | 1.55 million current US$ | -2.5% |
| 1973 | 2.13 million current US$ | +36.9% |
| 1974 | 3.73 million current US$ | +75.2% |
| 1975 | 2.75 million current US$ | -26.2% |
| 1976 | 3.06 million current US$ | +11.1% |
| 1977 | 3.77 million current US$ | +23.4% |
| 1978 | 4.46 million current US$ | +18.4% |
| 1979 | 7.62 million current US$ | +70.7% |
| 1980 | 8.19 million current US$ | +7.5% |
| 1981 | 10.34 million current US$ | +26.2% |
| 1982 | 11.64 million current US$ | +12.5% |
| 1983 | 9.84 million current US$ | -15.4% |
| 1984 | 11.62 million current US$ | +18.1% |
| 1985 | 11.35 million current US$ | -2.4% |
| 1986 | 11.31 million current US$ | -0.3% |
| 1987 | 11.58 million current US$ | +2.4% |
| 1988 | 16.57 million current US$ | +43.1% |
| 1989 | 16.40 million current US$ | -1.0% |
| 1990 | 16.65 million current US$ | +1.5% |
| 1991 | 17.46 million current US$ | +4.9% |
| 1992 | 23.91 million current US$ | +36.9% |
| 1993 | 33.44 million current US$ | +39.9% |
| 1994 | 27.50 million current US$ | -17.8% |
| 1995 | 27.60 million current US$ | +0.4% |
| 1996 | 28.10 million current US$ | +1.8% |
| 1997 | 28.65 million current US$ | +2.0% |
| 1998 | 23.42 million current US$ | -18.2% |
| 1999 | 25.82 million current US$ | +10.2% |
| 2000 | 18.55 million current US$ | -28.1% |
| 2001 | -7.12 million current US$ | -138.4% |
| 2002 | 5.98 million current US$ | -184.0% |
| 2003 | 9.50 million current US$ | +58.9% |
| 2004 | 11.01 million current US$ | +15.9% |
| 2005 | 11.22 million current US$ | +1.9% |
| 2006 | 11.52 million current US$ | +2.7% |
| 2007 | 14.21 million current US$ | +23.3% |
| 2008 | 15.72 million current US$ | +10.6% |
| 2009 | 15.88 million current US$ | +1.0% |
| 2010 | 16.00 million current US$ | +0.7% |
| 2011 | 24.46 million current US$ | +52.9% |
| 2012 | 30.22 million current US$ | +23.5% |
| 2013 | 31.35 million current US$ | +3.7% |
| 2014 | 29.89 million current US$ | -4.7% |
| 2015 | 28.73 million current US$ | -3.9% |
| 2016 | 30.08 million current US$ | +4.7% |
| 2017 | 30.44 million current US$ | +1.2% |
| 2018 | 38.13 million current US$ | +25.3% |
| 2019 | 36.22 million current US$ | -5.0% |
| 2020 | 31.18 million current US$ | -13.9% |
| 2021 | 30.52 million current US$ | -2.1% |
| 2022 | 29.77 million current US$ | -2.5% |
| 2023 | 31.90 million current US$ | +7.1% |
| 2024 | 31.51 million current US$ | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.41 million current US$ | 1.55 million current US$ | 7.62 million current US$ | 9 |
| 1980s | 11.88 million current US$ | 8.19 million current US$ | 16.57 million current US$ | 10 |
| 1990s | 25.25 million current US$ | 16.65 million current US$ | 33.44 million current US$ | 10 |
| 2000s | 10.65 million current US$ | -7.12 million current US$ | 18.55 million current US$ | 10 |
| 2010s | 29.55 million current US$ | 16.00 million current US$ | 38.13 million current US$ | 10 |
| 2020s | 30.98 million current US$ | 29.77 million current US$ | 31.90 million current US$ | 5 |
Countries ranked near Solomon Islands
- 184 Micronesia (country) 44.46 million current US$ compare
- 185 Palau 40.13 million current US$ compare
- 186 Somalia 37.94 million current US$ compare
- 188 Isle of Man 22.25 million current US$ compare
- 189 Marshall Islands 12.05 million current US$ compare
- 190 Tuvalu 5.62 million current US$ 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)
- 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 taxes less subsidies on products in Solomon Islands?
- Taxes less subsidies on products in Solomon Islands was 31.51 million current US$ 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 38.13 million current US$ in 2018.
- What is the lowest taxes less subsidies on products recorded in Solomon Islands?
- The lowest recorded value was -7.12 million current US$ in 2001.
- How does Solomon Islands rank for taxes less subsidies on products?
- Solomon Islands ranks 187th out of 197 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 5.4%. 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 US$). 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 indicator is expressed in United States dollars.