Solomon Islands: Government spending, percent of GDP
* indicates monthly or quarterly data series
Solomon Islands |
Government spending as percent of GDP |
---|---|
Latest value | 29.19 |
Year | 2022 |
Measure | percent |
Data availability | 2003 - 2022 |
Average | 28.05 |
Min - Max | 16.73 - 35.12 |
Source | The World Bank |
The latest value from 2022 is 29.19 percent, an increase from 26.58 percent in 2021. In comparison, the world average is 16.41 percent, based on data from 155 countries. Historically, the average for the Solomon Islands from 2003 to 2022 is 28.05 percent. The minimum value, 16.73 percent, was reached in 2003 while the maximum of 35.12 percent was recorded in 2005.
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The government size of the Solomon Islands and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 29.19 | 2022 | percent |
Government spending, in dollars | 0.46 | 2022 | billion U.S. dollars |
Fiscal balance, percent of GDP | -7.02 | 2023 | percent |
Government debt | 16.00 | 2022 | percent |
Tax revenue | 20.67 | 2022 | percent |
Commercial tax rate | 32.00 | 2019 | percent |
Tax preparation time | 80 | 2019 | hours |
Number of taxes | 34 | 2019 | taxes |
Taxes on goods and services | 19.05 | 2022 | percent |
Taxes on international trade | 27.55 | 2022 | percent |
Income and profits taxes | 27.63 | 2022 | percent |
Foreign aid | 252.73 | 2022 | million U.S. dollars |