Taxes on goods and services in Saint Kitts and Nevis
Saint Kitts and Nevis: Taxes on goods and services was 21.0% in 2020. ▲ Rising
Taxes on goods and services in Saint Kitts and Nevis, 1990–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Saint Kitts and Nevis recorded 21.0% for taxes on goods and services in 2020.
Compared with earlier readings it is down 13.6% on the previous year and up 42.3% over ten years.
Over the whole period, taxes on goods and services in Saint Kitts and Nevis peaked at 40.0% in 2007 and was at its lowest, 5.9%, in 1990.
Saint Kitts and Nevis ranks 125th of 156 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Taxes on goods and services in Saint Kitts and Nevis, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 5.9% | — |
| 1991 | 10.0% | +68.7% |
| 1992 | 12.0% | +20.6% |
| 1993 | 14.2% | +18.0% |
| 1994 | 12.8% | -9.5% |
| 2000 | 11.8% | -8.1% |
| 2001 | 13.2% | +11.8% |
| 2002 | 17.9% | +35.3% |
| 2003 | 18.6% | +3.9% |
| 2004 | 20.4% | +9.7% |
| 2005 | 20.4% | +0.1% |
| 2006 | 24.5% | +20.4% |
| 2007 | 40.0% | +62.9% |
| 2008 | 14.4% | -64.1% |
| 2009 | 11.2% | -21.8% |
| 2010 | 14.8% | +31.5% |
| 2011 | 29.0% | +96.2% |
| 2012 | 24.5% | -15.6% |
| 2013 | 22.5% | -8.1% |
| 2014 | 24.8% | +10.5% |
| 2015 | 23.0% | -7.3% |
| 2016 | 24.3% | +5.4% |
| 2017 | 24.3% | +0.3% |
| 2020 | 21.0% | -13.6% |
Saint Kitts and Nevis compared with similar countries
- Saint Kitts and Nevis's 21.0% is below the median for high income countries, which is 26.4%, 80% of the median. (57 countries reporting)
- Saint Kitts and Nevis's 21.0% is below the median for Latin America & Caribbean, which is 36.3%, 58% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.0% | 5.9% | 14.2% | 5 |
| 2000s | 19.2% | 11.2% | 40.0% | 10 |
| 2010s | 23.4% | 14.8% | 29.0% | 8 |
| 2020s | 21.0% | 21.0% | 21.0% | 1 |
Countries ranked near Saint Kitts and Nevis
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)
- 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 taxes on goods and services in Saint Kitts and Nevis?
- Taxes on goods and services in Saint Kitts and Nevis was 21.0% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Saint Kitts and Nevis?
- The highest recorded value was 40.0% in 2007.
- What is the lowest taxes on goods and services recorded in Saint Kitts and Nevis?
- The lowest recorded value was 5.9% in 1990.
- How does Saint Kitts and Nevis rank for taxes on goods and services?
- Saint Kitts and Nevis ranks 125th out of 156 countries with data for 2020.
- Is taxes on goods and services rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is up 42.3%. 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 Taxes on goods and services (% of revenue). 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
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.