Solomon Islands: Primary budget balance

* indicates monthly or quarterly data series
 Solomon Islands

Primary budget balance, percent of GDP

 Latest value -2.62
 Year 2024
 Measure percent
 Data availability 1997 - 2024
 Average 3.31
 Min - Max -3.58 - 18.29
 Source The World Bank
The latest value from 2024 is -2.62 percent, an increase from -3.51 percent in 2023. In comparison, the world average is -1.04 percent, based on data from 179 countries. Historically, the average for the Solomon Islands from 1997 to 2024 is 3.31 percent. The minimum value, -3.58 percent, was reached in 2002 while the maximum of 18.29 percent was recorded in 2007. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Solomon Islands - Primary budget balance - Recent values chart

Historical series
Solomon Islands - Primary budget balance - historical chart - 1997-2024




Definition: The difference between a government's total revenue and its total expenditure, excluding interest payments on its outstanding debt. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 26.19 2024 percent
 Government spending, in dollars 0.41 2024 billion U.S. dollars
 Fiscal balance, percent of GDP -3.08 2024 percent
 Primary budget balance -2.62 2024 percent
 Tax revenue 23.27 2024 percent
 Commercial tax rate 32.00 2019 percent
 Tax preparation time 80 2019 hours
 Taxes on goods and services 26.41 2024 percent
 Taxes on international trade 13.49 2024 percent
 Income and profits taxes 22.70 2024 percent
 Foreign aid 243.66 2023 million U.S. dollars
 Government debt 22.09 2024 percent
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