Taxes on income, profits and capital gains in Caribbean Small States
Caribbean Small States: Taxes on income, profits and capital gains was 26.1% in 2019. ▼ Falling
Taxes on income, profits and capital gains in Caribbean Small States, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Caribbean Small States recorded 26.1% for taxes on income, profits and capital gains in 2019.
The figure is down 8.4% on the previous year and down 45.0% over ten years.
Over the whole period, taxes on income, profits and capital gains in Caribbean Small States peaked at 64.3% in 2011 and was at its lowest, 22.5%, in 2017.
Caribbean Small States ranks 23rd of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Taxes on income, profits and capital gains in Caribbean Small States, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2001 | 35.6% | — |
| 2002 | 26.7% | -25.1% |
| 2003 | 41.1% | +53.9% |
| 2004 | 41.9% | +2.0% |
| 2005 | 51.6% | +23.2% |
| 2006 | 60.3% | +16.8% |
| 2007 | 57.3% | -5.0% |
| 2008 | 62.8% | +9.6% |
| 2009 | 47.5% | -24.4% |
| 2010 | 49.6% | +4.5% |
| 2011 | 64.3% | +29.6% |
| 2012 | 53.0% | -17.6% |
| 2013 | 48.6% | -8.2% |
| 2014 | 48.5% | -0.3% |
| 2015 | 36.6% | -24.4% |
| 2016 | 33.3% | -9.1% |
| 2017 | 22.5% | -32.5% |
| 2018 | 28.5% | +26.8% |
| 2019 | 26.1% | -8.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 47.2% | 26.7% | 62.8% | 9 |
| 2010s | 41.1% | 22.5% | 64.3% | 10 |
Countries ranked near Caribbean Small States
More public sector data for Caribbean Small States
- Tax revenue 17.7% (2017)
- Taxes on goods and services 20.8% (2019)
- Net investment in nonfinancial assets 2.4% (2017)
- Net lending (+) / net borrowing (-) -5.5% (2017)
- Interest payments 13.2% (2019)
- Grants and other revenue 18.7% (2019)
- Interest payments 9.6% (2019)
- Other taxes 16.1% (2019)
- Compensation of employees 32.1% (2019)
- Goods and services expense 22.1% (2019)
Frequently asked questions
- What is taxes on income, profits and capital gains in Caribbean Small States?
- Taxes on income, profits and capital gains in Caribbean Small States was 26.1% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Caribbean Small States?
- The highest recorded value was 64.3% in 2011.
- What is the lowest taxes on income, profits and capital gains recorded in Caribbean Small States?
- The lowest recorded value was 22.5% in 2017.
- How does Caribbean Small States rank for taxes on income, profits and capital gains?
- Caribbean Small States ranks 23rd out of 41 groups with data for 2019.
- Is taxes on income, profits and capital gains rising or falling in Caribbean Small States?
- Over the last ten years it is down 45.0%. The long-run trend across the full record is falling.
- Where does this Caribbean Small States data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.