Taxes on goods and services in Saint Lucia
Saint Lucia: Taxes on goods and services was 8.4% in 2017. ▲ Rising
Taxes on goods and services in Saint Lucia, 2006–2017
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
In 2017, taxes on goods and services in Saint Lucia stood at 8.4%.
Compared with earlier readings it is down 15.2% on the previous year and up 115.9% over ten years.
Over the whole period, taxes on goods and services in Saint Lucia peaked at 10.0% in 2015 and was at its lowest, 3.4%, in 2009.
Saint Lucia ranks 94th of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Taxes on goods and services in Saint Lucia, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2006 | 3.6% | — |
| 2007 | 3.9% | +7.9% |
| 2008 | 4.1% | +5.6% |
| 2009 | 3.4% | -18.0% |
| 2010 | 3.6% | +7.9% |
| 2011 | 3.4% | -6.1% |
| 2012 | 4.9% | +42.2% |
| 2013 | 9.5% | +94.6% |
| 2014 | 9.5% | +0.6% |
| 2015 | 10.0% | +4.7% |
| 2016 | 9.9% | -0.5% |
| 2017 | 8.4% | -15.2% |
Saint Lucia compared with similar countries
- Saint Lucia's 8.4% is below the median for upper middle income countries, which is 9.8%, 86% of the median. (48 countries reporting)
- Saint Lucia's 8.4% is below the median for Latin America & Caribbean, which is 9.1%, 92% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | 3.4% | 4.1% | 4 |
| 2010s | 7.4% | 3.4% | 10.0% | 8 |
Countries ranked near Saint Lucia
More public sector data for Saint Lucia
- Tax revenue 18.2% (2017)
- Capital stock, General government, Current prices, Domestic currency 4.54 (2019)
- Taxes on income, profits and capital gains 22.7% (2017)
- Capital stock, General government, Constant prices, Percent of GDP 79.09 (2019)
- Capital stock, General government, Constant prices, Purchasing power 1.79 (2019)
- Taxes on goods and services 34.8% (2017)
- Net investment in nonfinancial assets 4.0% (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 (-) -0.9% (2017)
Frequently asked questions
- What is taxes on goods and services in Saint Lucia?
- Taxes on goods and services in Saint Lucia was 8.4% in 2017, 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 Lucia?
- The highest recorded value was 10.0% in 2015.
- What is the lowest taxes on goods and services recorded in Saint Lucia?
- The lowest recorded value was 3.4% in 2009.
- How does Saint Lucia rank for taxes on goods and services?
- Saint Lucia ranks 94th out of 154 countries with data for 2017.
- Is taxes on goods and services rising or falling in Saint Lucia?
- Over the last ten years it is up 115.9%. The long-run trend across the full record is rising.
- Where does this Saint Lucia 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.
Download this data
CSV · JSON — 12 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 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.