Subsidies and other transfers in Caribbean Small States
Caribbean Small States: Subsidies and other transfers was 33.9% in 2019. ▲ Rising
Subsidies and other transfers in Caribbean Small States, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Caribbean Small States recorded 33.9% for subsidies and other transfers in 2019.
The figure is up 1.3% on the previous year and down 24.7% over ten years.
Over the whole period, subsidies and other transfers in Caribbean Small States peaked at 45.0% in 2009 and was at its lowest, 29.0%, in 2001.
Caribbean Small States ranks 27th of 40 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Subsidies and other transfers in Caribbean Small States, year by year
| Year | % of expense | Change |
|---|---|---|
| 2001 | 29.0% | — |
| 2002 | 29.5% | +1.6% |
| 2003 | 29.6% | +0.4% |
| 2004 | 34.9% | +17.7% |
| 2005 | 37.0% | +6.1% |
| 2006 | 36.2% | -2.2% |
| 2007 | 40.2% | +11.2% |
| 2008 | 37.5% | -6.7% |
| 2009 | 45.0% | +19.9% |
| 2010 | 41.9% | -7.0% |
| 2012 | 40.8% | -2.6% |
| 2013 | 42.9% | +5.2% |
| 2014 | 44.6% | +3.9% |
| 2015 | 41.7% | -6.5% |
| 2016 | 33.4% | -19.8% |
| 2017 | 38.2% | +14.4% |
| 2018 | 33.4% | -12.6% |
| 2019 | 33.9% | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.4% | 29.0% | 45.0% | 9 |
| 2010s | 39.0% | 33.4% | 44.6% | 9 |
Countries ranked near Caribbean Small States
More public sector data for Caribbean Small States
- Tax revenue 17.7% (2017)
- Taxes on income, profits and capital gains 26.1% (2019)
- Taxes on goods and services 20.8% (2019)
- Net investment in nonfinancial assets 2.4% (2017)
- Net lending (+) / net borrowing (-) -5.5% (2017)
- Interest payments 13.2% (2019)
- Grants and other revenue 18.7% (2019)
- Interest payments 9.6% (2019)
- Other taxes 16.1% (2019)
- Compensation of employees 32.1% (2019)
Frequently asked questions
- What is subsidies and other transfers in Caribbean Small States?
- Subsidies and other transfers in Caribbean Small States was 33.9% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Caribbean Small States?
- The highest recorded value was 45.0% in 2009.
- What is the lowest subsidies and other transfers recorded in Caribbean Small States?
- The lowest recorded value was 29.0% in 2001.
- How does Caribbean Small States rank for subsidies and other transfers?
- Caribbean Small States ranks 27th out of 40 groups with data for 2019.
- Is subsidies and other transfers rising or falling in Caribbean Small States?
- Over the last ten years it is down 24.7%. The long-run trend across the full record is rising.
- Where does this Caribbean Small States data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.