Subsidies and other transfers in Saint Kitts and Nevis
Saint Kitts and Nevis: Subsidies and other transfers was 33.0% in 2020. ▲ Rising
Subsidies and other transfers in Saint Kitts and Nevis, 1990–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for subsidies and other transfers in Saint Kitts and Nevis is 33.0%, measured in 2020.
The figure is up 26.4% on the previous year and up 204.5% over ten years.
Over the whole period, subsidies and other transfers in Saint Kitts and Nevis peaked at 34.4% in 2016 and was at its lowest, 9.6%, in 2000.
Saint Kitts and Nevis ranks 93rd of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Subsidies and other transfers in Saint Kitts and Nevis, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 14.0% | — |
| 1991 | 16.4% | +17.3% |
| 1992 | 15.7% | -3.9% |
| 1993 | 11.6% | -26.2% |
| 1994 | 14.3% | +23.0% |
| 2000 | 9.6% | -32.6% |
| 2001 | 11.3% | +17.8% |
| 2002 | 17.6% | +55.5% |
| 2003 | 17.5% | -0.9% |
| 2004 | 17.0% | -2.5% |
| 2005 | 18.2% | +7.0% |
| 2006 | 18.0% | -1.3% |
| 2007 | 18.4% | +2.4% |
| 2008 | 10.9% | -40.7% |
| 2009 | 10.8% | -0.9% |
| 2010 | 10.8% | +0.1% |
| 2011 | 11.9% | +10.1% |
| 2012 | 14.3% | +20.0% |
| 2013 | 15.0% | +4.5% |
| 2014 | 20.3% | +35.9% |
| 2015 | 26.1% | +28.3% |
| 2016 | 34.4% | +31.8% |
| 2017 | 26.1% | -24.0% |
| 2020 | 33.0% | +26.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.4% | 11.6% | 16.4% | 5 |
| 2000s | 15.0% | 9.6% | 18.4% | 10 |
| 2010s | 19.9% | 10.8% | 34.4% | 8 |
| 2020s | 33.0% | 33.0% | 33.0% | 1 |
Countries ranked near Saint Kitts and Nevis
- 90 Madagascar 33.9% compare
- 91 Trinidad and Tobago 33.9% compare
- 92 Namibia 33.1% compare
- 94 Congo 32.9% compare
- 95 Macau, China 32.6% compare
- 96 Togo 32.4% compare
More public sector data for Saint Kitts and Nevis
- Tax revenue 15.0% (2020)
- Capital stock, General government, Current prices, Domestic currency 2.15 (2019)
- Taxes on income, profits and capital gains 15.5% (2020)
- Capital stock, General government, Constant prices, Percent of GDP 89.02 (2019)
- Capital stock, General government, Constant prices, Purchasing power 1.04 (2019)
- Taxes on goods and services 21.0% (2020)
- Net investment in nonfinancial assets 5.1% (2020)
- 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 (-) -2.3% (2020)
Frequently asked questions
- What is subsidies and other transfers in Saint Kitts and Nevis?
- Subsidies and other transfers in Saint Kitts and Nevis was 33.0% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Saint Kitts and Nevis?
- The highest recorded value was 34.4% in 2016.
- What is the lowest subsidies and other transfers recorded in Saint Kitts and Nevis?
- The lowest recorded value was 9.6% in 2000.
- How does Saint Kitts and Nevis rank for subsidies and other transfers?
- Saint Kitts and Nevis ranks 93rd out of 152 countries with data for 2020.
- Is subsidies and other transfers rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is up 204.5%. The long-run trend across the full record is rising.
- Where does this Saint Kitts and Nevis 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.
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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.