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Government Finance of the Solomon Islands

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

19.1% 10.1% 69.9%
  • Personal income taxes: 19.1%
  • Corporate income taxes: 10.1%
  • Property taxes: 0.8%
  • Goods and services taxes: 69.9%
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Personal income taxes
19.1%
Corporate income taxes
10.1%
Property taxes
0.8%
Goods and services taxes
69.9%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 29.9% #151 / 184 2026
Government Gross Debt (Local currency - SBD) 4.57B - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - SBD) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -3.4% #106 / 189 2026
Fiscal Balance (Local currency - SBD) -518M - 2026
Primary Fiscal Balance (% of GDP) -2.8% #137 / 182 2026
Primary Fiscal Balance (Local currency - SBD) -431M - 2026

Revenue and Spending

Government Revenue (% of GDP) 37.4% #49 / 189 2026
Government Revenue (Local currency - SBD) 5.71B - 2026
Government Spending (% of GDP) 40.8% #50 / 189 2026
Government Spending (Local currency - SBD) 6.23B - 2026

International Reserves

Total Reserves (USD) 686M #140 / 163 2024

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