Tax revenue in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Tax revenue was 23.8% in 2017. ▲ Rising
Tax revenue in Saint Vincent and the Grenadines, 1990–2017
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 Saint Vincent and the Grenadines is 23.8%, measured in 2017.
That represents a change of down 2.3% on the previous year and up 13.9% over ten years.
Over the whole period, tax revenue in Saint Vincent and the Grenadines peaked at 24.4% in 2016 and was at its lowest, 18.3%, in 1990.
Saint Vincent and the Grenadines ranks 23rd of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Tax revenue in Saint Vincent and the Grenadines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 18.3% | — |
| 1991 | 19.6% | +7.2% |
| 1992 | 18.5% | -5.6% |
| 1993 | 18.7% | +1.2% |
| 1994 | 19.8% | +5.7% |
| 1995 | 19.2% | -2.8% |
| 1996 | 20.0% | +3.8% |
| 1997 | 20.6% | +3.1% |
| 1998 | 21.2% | +3.0% |
| 1999 | 20.7% | -2.3% |
| 2000 | 19.7% | -4.8% |
| 2001 | 19.4% | -1.7% |
| 2002 | 20.7% | +7.0% |
| 2003 | 19.8% | -4.3% |
| 2004 | 19.6% | -1.2% |
| 2005 | 19.7% | +0.7% |
| 2006 | 20.8% | +5.5% |
| 2007 | 20.9% | +0.4% |
| 2008 | 22.6% | +8.4% |
| 2009 | 22.4% | -0.9% |
| 2010 | 21.7% | -3.4% |
| 2011 | 21.4% | -1.3% |
| 2012 | 21.8% | +2.2% |
| 2013 | 20.4% | -6.7% |
| 2014 | 22.5% | +10.5% |
| 2015 | 22.7% | +0.7% |
| 2016 | 24.4% | +7.5% |
| 2017 | 23.8% | -2.3% |
Saint Vincent and the Grenadines compared with similar countries
- Saint Vincent and the Grenadines's 23.8% is above the median for upper middle income countries, which is 17.0%, 1.4× the median. (48 countries reporting)
- Saint Vincent and the Grenadines's 23.8% is above the median for Latin America & Caribbean, which is 15.9%, 1.5× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.6% | 18.3% | 21.2% | 10 |
| 2000s | 20.6% | 19.4% | 22.6% | 10 |
| 2010s | 22.3% | 20.4% | 24.4% | 8 |
Countries ranked near Saint Vincent and the Grenadines
More public sector data for Saint Vincent and the Grenadines
- 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)
- Capital stock, General government, Current prices, Domestic currency 0.0073 units per square kilometre (2019)
Frequently asked questions
- What is tax revenue in Saint Vincent and the Grenadines?
- Tax revenue in Saint Vincent and the Grenadines was 23.8% in 2017, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Saint Vincent and the Grenadines?
- The highest recorded value was 24.4% in 2016.
- What is the lowest tax revenue recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 18.3% in 1990.
- How does Saint Vincent and the Grenadines rank for tax revenue?
- Saint Vincent and the Grenadines ranks 23rd out of 157 countries with data for 2017.
- Is tax revenue rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is up 13.9%. The long-run trend across the full record is rising.
- 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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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.