Solomon Islands—Taxes on Goods & Services (% of revenue)
Solomon Islands's taxes on goods & services (% of revenue) was 19.0% in 2022, ranking #119 out of 139 countries. This represents a +50.6% change from 2020. Over the past 11 years, the highest recorded value was 22.1% (2017) and the lowest was 12.6% (2020). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2022 | 19.0% | +50.6% |
| 2020 | 12.6% | -13.3% |
| 2019 | 14.6% | -1.4% |
| 2018 | 14.8% | -33.2% |
| 2017 | 22.1% | +56.1% |
| 2016 | 14.2% | +6.0% |
| 2015 | 13.4% | -13.9% |
| 2014 | 15.5% | +13.5% |
| 2013 | 13.7% | -26.1% |
| 2012 | 18.5% | -8.9% |
| 2011 | 20.3% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).