Taxes on goods and services in Saint Kitts and Nevis
Saint Kitts and Nevis: Taxes on goods and services was 7.1% in 2020. ◆ Volatile
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 % value added of industry and services.
Analysis
In 2020, taxes on goods and services in Saint Kitts and Nevis stood at 7.1%.
The figure is down 11.7% on the previous year and up 59.7% over ten years.
Over the whole period, taxes on goods and services in Saint Kitts and Nevis peaked at 11.4% in 2007 and was at its lowest, 1.3%, in 1990.
That places Saint Kitts and Nevis 108th out of 154 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services in Saint Kitts and Nevis, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1990 | 1.3% | — |
| 1991 | 1.9% | +52.0% |
| 1992 | 2.4% | +25.3% |
| 1993 | 2.9% | +22.2% |
| 1994 | 2.8% | -5.3% |
| 2000 | 2.9% | +5.0% |
| 2001 | 3.3% | +13.0% |
| 2002 | 4.6% | +41.5% |
| 2003 | 5.2% | +12.6% |
| 2004 | 5.6% | +7.7% |
| 2005 | 5.2% | -7.0% |
| 2006 | 6.6% | +25.7% |
| 2007 | 11.4% | +72.9% |
| 2008 | 4.5% | -60.6% |
| 2009 | 3.6% | -18.7% |
| 2010 | 4.5% | +22.4% |
| 2011 | 10.7% | +140.5% |
| 2012 | 10.6% | -1.6% |
| 2013 | 10.5% | -0.4% |
| 2014 | 10.7% | +2.0% |
| 2015 | 9.7% | -9.8% |
| 2016 | 8.7% | -9.8% |
| 2017 | 8.1% | -7.6% |
| 2020 | 7.1% | -11.7% |
Saint Kitts and Nevis compared with similar countries
- Saint Kitts and Nevis's 7.1% is below the median for high income countries, which is 11.7%, 61% of the median. (55 countries reporting)
- Saint Kitts and Nevis's 7.1% is below the median for Latin America & Caribbean, which is 9.1%, 78% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services in Saint Kitts and Nevis changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +140.5% | 4.5% | 10.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.3% | 1.3% | 2.9% | 5 |
| 2000s | 5.3% | 2.9% | 11.4% | 10 |
| 2010s | 9.2% | 4.5% | 10.7% | 8 |
| 2020s | 7.1% | 7.1% | 7.1% | 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)
- 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 taxes on goods and services in Saint Kitts and Nevis?
- Taxes on goods and services in Saint Kitts and Nevis was 7.1% 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 11.4% in 2007.
- What is the lowest taxes on goods and services recorded in Saint Kitts and Nevis?
- The lowest recorded value was 1.3% in 1990.
- How does Saint Kitts and Nevis rank for taxes on goods and services?
- Saint Kitts and Nevis ranks 108th out of 154 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 59.7%. The long-run trend across the full record is volatile.
- 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 (% value added of industry and services). Statizoid updates them automatically from the source API.
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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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.