Taxes on international trade in Caribbean Small States
Caribbean Small States: Taxes on international trade was 6.0% in 2019. ▲ Rising
Taxes on international trade in Caribbean Small States, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2019, taxes on international trade in Caribbean Small States stood at 6.0%.
Compared with earlier readings it is up 4.6% on the previous year and up 36.0% over ten years.
Over the whole period, taxes on international trade in Caribbean Small States peaked at 6.5% in 2017 and was at its lowest, 3.7%, in 2008.
Caribbean Small States ranks 15th of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Taxes on international trade in Caribbean Small States, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2001 | 5.4% | — |
| 2002 | 5.8% | +7.4% |
| 2003 | 5.6% | -4.0% |
| 2004 | 5.7% | +1.1% |
| 2005 | 4.8% | -15.8% |
| 2006 | 4.6% | -4.6% |
| 2007 | 4.8% | +5.6% |
| 2008 | 3.7% | -22.7% |
| 2009 | 4.4% | +18.2% |
| 2010 | 4.1% | -6.8% |
| 2011 | 4.6% | +12.6% |
| 2012 | 4.4% | -3.6% |
| 2013 | 4.6% | +3.8% |
| 2014 | 4.6% | -0.1% |
| 2015 | 4.9% | +6.5% |
| 2016 | 5.4% | +10.7% |
| 2017 | 6.5% | +19.2% |
| 2018 | 5.7% | -11.7% |
| 2019 | 6.0% | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.0% | 3.7% | 5.8% | 9 |
| 2010s | 5.1% | 4.1% | 6.5% | 10 |
Countries ranked near Caribbean Small States
- 12 Maldives 17.7% compare
- 13 Saint Vincent and the Grenadines 17.6% compare
- 14 Tanzania, United Republic of 16.9% compare
- 15 Burkina Faso 16.6% compare
- 16 Nepal 16.6% compare
- 17 Guinea-Bissau 16.0%
- 18 Sudan 15.7% compare
More public sector data for Caribbean Small States
- Tax revenue 17.7% (2017)
- Taxes on income, profits and capital gains 26.1% (2019)
- 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)
Frequently asked questions
- What is taxes on international trade in Caribbean Small States?
- Taxes on international trade in Caribbean Small States was 6.0% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Caribbean Small States?
- The highest recorded value was 6.5% in 2017.
- What is the lowest taxes on international trade recorded in Caribbean Small States?
- The lowest recorded value was 3.7% in 2008.
- How does Caribbean Small States rank for taxes on international trade?
- Caribbean Small States ranks 15th out of 41 groups with data for 2019.
- Is taxes on international trade rising or falling in Caribbean Small States?
- Over the last ten years it is up 36.0%. The long-run trend across the full record is rising.
- 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 international trade (% 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 international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.