Tax revenue in Caribbean Small States
Caribbean Small States: Tax revenue was 17.7% in 2017. ▬ Flat
Tax revenue in Caribbean Small States, 2001–2017
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for tax revenue in Caribbean Small States is 17.7%, measured in 2017.
Compared with earlier readings it is down 10.8% on the previous year and down 19.3% over ten years.
Over the whole period, tax revenue in Caribbean Small States peaked at 24.1% in 2006 and was at its lowest, 17.1%, in 2002.
That places Caribbean Small States 10th out of 35 groups with data for 2017, putting it in the middle of the range.
Tax revenue in Caribbean Small States, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 18.3% | — |
| 2002 | 17.1% | -6.1% |
| 2003 | 18.5% | +7.7% |
| 2004 | 19.0% | +2.9% |
| 2005 | 21.7% | +14.4% |
| 2006 | 24.1% | +11.0% |
| 2007 | 21.9% | -9.4% |
| 2008 | 24.0% | +9.6% |
| 2009 | 22.2% | -7.3% |
| 2010 | 21.3% | -4.1% |
| 2011 | 21.6% | +1.4% |
| 2012 | 20.9% | -3.5% |
| 2013 | 20.3% | -2.8% |
| 2014 | 20.7% | +2.2% |
| 2015 | 21.1% | +1.6% |
| 2016 | 19.8% | -6.0% |
| 2017 | 17.7% | -10.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.8% | 17.1% | 24.1% | 9 |
| 2010s | 20.4% | 17.7% | 21.6% | 8 |
Countries ranked near Caribbean Small States
More public sector data for Caribbean Small States
- 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)
- Goods and services expense 22.1% (2019)
Frequently asked questions
- What is tax revenue in Caribbean Small States?
- Tax revenue in Caribbean Small States was 17.7% in 2017, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Caribbean Small States?
- The highest recorded value was 24.1% in 2006.
- What is the lowest tax revenue recorded in Caribbean Small States?
- The lowest recorded value was 17.1% in 2002.
- How does Caribbean Small States rank for tax revenue?
- Caribbean Small States ranks 10th out of 35 groups with data for 2017.
- Is tax revenue rising or falling in Caribbean Small States?
- Over the last ten years it is down 19.3%. The long-run trend across the full record is flat.
- 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.