Taxes on goods and services in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Taxes on goods and services was 14.9% in 2017. ◆ Volatile
Taxes on goods and services in Saint Vincent and the Grenadines, 1990–2017
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Saint Vincent and the Grenadines is 14.9%, measured in 2017.
Compared with earlier readings it is down 3.1% on the previous year and up 26.0% over ten years.
Over the whole period, taxes on goods and services in Saint Vincent and the Grenadines peaked at 15.7% in 2008 and was at its lowest, 2.8%, in 1994.
That places Saint Vincent and the Grenadines 26th out of 154 countries with data for 2017, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services in Saint Vincent and the Grenadines, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1990 | 4.2% | — |
| 1991 | 3.4% | -19.9% |
| 1992 | 3.2% | -3.9% |
| 1993 | 2.9% | -11.6% |
| 1994 | 2.8% | -0.7% |
| 1995 | 3.0% | +6.6% |
| 1996 | 3.2% | +5.2% |
| 1997 | 3.2% | +1.6% |
| 1998 | 3.0% | -7.3% |
| 1999 | 3.2% | +7.5% |
| 2000 | 5.5% | +71.6% |
| 2001 | 5.4% | -2.0% |
| 2002 | 5.2% | -4.0% |
| 2003 | 5.3% | +2.0% |
| 2004 | 5.7% | +7.4% |
| 2005 | 5.7% | -0.4% |
| 2006 | 6.9% | +21.9% |
| 2007 | 11.8% | +71.3% |
| 2008 | 15.7% | +32.6% |
| 2009 | 15.6% | -0.7% |
| 2010 | 14.7% | -5.8% |
| 2011 | 13.8% | -5.9% |
| 2012 | 14.1% | +2.4% |
| 2013 | 13.4% | -5.0% |
| 2014 | 12.4% | -7.9% |
| 2015 | 13.1% | +5.6% |
| 2016 | 15.4% | +17.7% |
| 2017 | 14.9% | -3.1% |
Saint Vincent and the Grenadines compared with similar countries
- Saint Vincent and the Grenadines's 14.9% is above the median for upper middle income countries, which is 9.8%, 1.5× the median. (48 countries reporting)
- Saint Vincent and the Grenadines's 14.9% is above the median for Latin America & Caribbean, which is 9.1%, 1.6× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services in Saint Vincent and the Grenadines 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 |
|---|---|---|---|
| 2000 | +71.6% | 3.2% | 5.5% |
| 2007 | +71.3% | 6.9% | 11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.2% | 2.8% | 4.2% | 10 |
| 2000s | 8.3% | 5.2% | 15.7% | 10 |
| 2010s | 14.0% | 12.4% | 15.4% | 8 |
Countries ranked near Saint Vincent and the Grenadines
More public sector data for Saint Vincent and the Grenadines
- Tax revenue 23.8% (2017)
- 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)
Frequently asked questions
- What is taxes on goods and services in Saint Vincent and the Grenadines?
- Taxes on goods and services in Saint Vincent and the Grenadines was 14.9% 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 Vincent and the Grenadines?
- The highest recorded value was 15.7% in 2008.
- What is the lowest taxes on goods and services recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 2.8% in 1994.
- How does Saint Vincent and the Grenadines rank for taxes on goods and services?
- Saint Vincent and the Grenadines ranks 26th out of 154 countries with data for 2017.
- Is taxes on goods and services rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is up 26.0%. The long-run trend across the full record is volatile.
- 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 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.