Taxes on international trade in Saint Kitts and Nevis
Saint Kitts and Nevis: Taxes on international trade was 12.9% in 2020. ▼ Falling
Taxes on international trade in Saint Kitts and Nevis, 1990–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on international trade in Saint Kitts and Nevis is 12.9%, measured in 2020.
Compared with earlier readings it is down 25.0% on the previous year and down 53.6% over ten years.
Over the whole period, taxes on international trade in Saint Kitts and Nevis peaked at 51.4% in 1991 and was at its lowest, 11.3%, in 2013.
That places Saint Kitts and Nevis 28th out of 154 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Taxes on international trade in Saint Kitts and Nevis, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 50.3% | — |
| 1991 | 51.4% | +2.2% |
| 1992 | 47.4% | -7.8% |
| 1993 | 46.6% | -1.6% |
| 1994 | 43.4% | -6.9% |
| 2000 | 35.7% | -17.7% |
| 2001 | 32.6% | -8.9% |
| 2002 | 40.6% | +24.5% |
| 2003 | 41.2% | +1.6% |
| 2004 | 40.2% | -2.5% |
| 2005 | 41.0% | +2.0% |
| 2006 | 40.8% | -0.4% |
| 2007 | 24.0% | -41.3% |
| 2008 | 34.3% | +43.0% |
| 2009 | 27.9% | -18.7% |
| 2010 | 27.9% | +0.0% |
| 2011 | 14.5% | -47.9% |
| 2012 | 12.2% | -16.0% |
| 2013 | 11.3% | -7.7% |
| 2014 | 13.1% | +16.5% |
| 2015 | 15.2% | +15.9% |
| 2016 | 17.4% | +14.2% |
| 2017 | 17.3% | -0.5% |
| 2020 | 12.9% | -25.0% |
Saint Kitts and Nevis compared with similar countries
- Saint Kitts and Nevis's 12.9% is above the median for high income countries, which is 0.4%, 29.1× the median. (55 countries reporting)
- Saint Kitts and Nevis's 12.9% is above the median for Latin America & Caribbean, which is 4.7%, 2.7× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 47.8% | 43.4% | 51.4% | 5 |
| 2000s | 35.8% | 24.0% | 41.2% | 10 |
| 2010s | 16.1% | 11.3% | 27.9% | 8 |
| 2020s | 12.9% | 12.9% | 12.9% | 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 international trade in Saint Kitts and Nevis?
- Taxes on international trade in Saint Kitts and Nevis was 12.9% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Saint Kitts and Nevis?
- The highest recorded value was 51.4% in 1991.
- What is the lowest taxes on international trade recorded in Saint Kitts and Nevis?
- The lowest recorded value was 11.3% in 2013.
- How does Saint Kitts and Nevis rank for taxes on international trade?
- Saint Kitts and Nevis ranks 28th out of 154 countries with data for 2020.
- Is taxes on international trade rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is down 53.6%. The long-run trend across the full record is falling.
- 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 international trade (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 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.