Tax revenue in Saint Kitts and Nevis
Saint Kitts and Nevis: Tax revenue was 15.0% in 2020. ▲ Rising
Tax revenue in Saint Kitts and Nevis, 1990–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Saint Kitts and Nevis recorded 15.0% for tax revenue in 2020.
Compared with earlier readings it is down 13.6% on the previous year and down 7.8% over ten years.
Over the whole period, tax revenue in Saint Kitts and Nevis peaked at 21.6% in 2007 and was at its lowest, 14.4%, in 1990.
Saint Kitts and Nevis ranks 92nd of 157 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.
Tax revenue in Saint Kitts and Nevis, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 14.4% | — |
| 1991 | 14.6% | +1.4% |
| 1992 | 14.5% | -0.4% |
| 1993 | 15.2% | +4.6% |
| 1994 | 15.2% | +0.3% |
| 2000 | 16.5% | +8.4% |
| 2001 | 15.7% | -4.8% |
| 2002 | 21.0% | +33.7% |
| 2003 | 21.5% | +2.3% |
| 2004 | 21.3% | -1.2% |
| 2005 | 20.7% | -2.8% |
| 2006 | 20.9% | +0.9% |
| 2007 | 21.6% | +3.8% |
| 2008 | 20.0% | -7.4% |
| 2009 | 18.9% | -5.8% |
| 2010 | 16.3% | -13.6% |
| 2011 | 18.1% | +10.8% |
| 2012 | 17.9% | -0.8% |
| 2013 | 17.8% | -0.5% |
| 2014 | 18.5% | +3.5% |
| 2015 | 19.6% | +6.3% |
| 2016 | 18.4% | -6.5% |
| 2017 | 17.4% | -5.1% |
| 2020 | 15.0% | -13.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.8% | 14.4% | 15.2% | 5 |
| 2000s | 19.8% | 15.7% | 21.6% | 10 |
| 2010s | 18.0% | 16.3% | 19.6% | 8 |
| 2020s | 15.0% | 15.0% | 15.0% | 1 |
Countries ranked near Saint Kitts and Nevis
More public sector data for Saint Kitts and Nevis
- 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)
- Capital stock, General government, Current prices, Domestic currency 0.0083 units per square kilometre (2019)
Frequently asked questions
- What is tax revenue in Saint Kitts and Nevis?
- Tax revenue in Saint Kitts and Nevis was 15.0% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Saint Kitts and Nevis?
- The highest recorded value was 21.6% in 2007.
- What is the lowest tax revenue recorded in Saint Kitts and Nevis?
- The lowest recorded value was 14.4% in 1990.
- How does Saint Kitts and Nevis rank for tax revenue?
- Saint Kitts and Nevis ranks 92nd out of 157 countries with data for 2020.
- Is tax revenue rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is down 7.8%. 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.