Customs and other import duties in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Customs and other import duties was 13.0% in 2017. ◆ Volatile
Customs and other import duties in Saint Vincent and the Grenadines, 1990–2017
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
In 2017, customs and other import duties in Saint Vincent and the Grenadines stood at 13.0%.
Compared with earlier readings it is up 10.8% on the previous year and down 31.3% over ten years.
Over the whole period, customs and other import duties in Saint Vincent and the Grenadines peaked at 51.6% in 1995 and was at its lowest, 10.3%, in 2008.
That places Saint Vincent and the Grenadines 35th out of 151 countries with data for 2017, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Customs and other import duties in Saint Vincent and the Grenadines, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 1990 | 49.2% | — |
| 1991 | 48.8% | -0.9% |
| 1992 | 47.7% | -2.3% |
| 1993 | 51.0% | +7.1% |
| 1994 | 49.1% | -3.9% |
| 1995 | 51.6% | +5.1% |
| 1996 | 47.9% | -7.1% |
| 1997 | 50.8% | +5.9% |
| 1998 | 47.2% | -7.0% |
| 1999 | 49.3% | +4.5% |
| 2000 | 35.6% | -27.8% |
| 2001 | 37.4% | +5.1% |
| 2002 | 37.9% | +1.3% |
| 2003 | 39.7% | +4.5% |
| 2004 | 38.3% | -3.5% |
| 2005 | 36.7% | -4.2% |
| 2006 | 35.4% | -3.3% |
| 2007 | 18.9% | -46.8% |
| 2008 | 10.3% | -45.4% |
| 2009 | 10.7% | +3.9% |
| 2010 | 11.4% | +6.8% |
| 2011 | 11.4% | +0.1% |
| 2012 | 11.1% | -3.3% |
| 2013 | 11.5% | +3.9% |
| 2014 | 16.7% | +45.6% |
| 2015 | 17.2% | +2.9% |
| 2016 | 11.7% | -32.1% |
| 2017 | 13.0% | +10.8% |
Saint Vincent and the Grenadines compared with similar countries
- Saint Vincent and the Grenadines's 13.0% is above the median for upper middle income countries, which is 5.5%, 2.3× the median. (47 countries reporting)
- Saint Vincent and the Grenadines's 13.0% is above the median for Latin America & Caribbean, which is 5.5%, 2.3× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Customs and other import duties in Saint Vincent and the Grenadines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | -46.8% | 35.4% | 18.9% |
| 2008 | -45.4% | 18.9% | 10.3% |
| 2014 | +45.6% | 11.5% | 16.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 49.3% | 47.2% | 51.6% | 10 |
| 2000s | 30.1% | 10.3% | 39.7% | 10 |
| 2010s | 13.0% | 11.1% | 17.2% | 8 |
Countries ranked near Saint Vincent and the Grenadines
More public sector data for Saint Vincent and the Grenadines
- Tax revenue 23.8% (2017)
- Capital stock, General government, Current prices, Domestic currency 2.86 (2019)
- Taxes on income, profits and capital gains 24.7% (2017)
- Capital stock, General government, Constant prices, Percent of GDP 130.28 (2019)
- Capital stock, General government, Constant prices, Purchasing power 1.52 (2019)
- Taxes on goods and services 43.5% (2017)
- Net investment in nonfinancial assets 3.6% (2017)
- Capital stock, General government, Current prices, Domestic currency 0 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
- Net lending (+) / net borrowing (-) -1.5% (2017)
Frequently asked questions
- What is customs and other import duties in Saint Vincent and the Grenadines?
- Customs and other import duties in Saint Vincent and the Grenadines was 13.0% in 2017, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Saint Vincent and the Grenadines?
- The highest recorded value was 51.6% in 1995.
- What is the lowest customs and other import duties recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 10.3% in 2008.
- How does Saint Vincent and the Grenadines rank for customs and other import duties?
- Saint Vincent and the Grenadines ranks 35th out of 151 countries with data for 2017.
- Is customs and other import duties rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is down 31.3%. The long-run trend across the full record is volatile.
- Where does this Saint Vincent and the Grenadines data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (% of tax revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.