Taxes on international trade in Saint Lucia
Saint Lucia: Taxes on international trade was 29.2% in 2017. ▼ Falling
Taxes on international trade in Saint Lucia, 2000–2017
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 Lucia is 29.2%, measured in 2017.
Compared with earlier readings it is up 8.8% on the previous year and down 41.9% over ten years.
Over the whole period, taxes on international trade in Saint Lucia peaked at 53.0% in 2006 and was at its lowest, 24.9%, in 2013.
That places Saint Lucia 5th out of 154 countries with data for 2017, putting it in the top 10%.
The long-run direction has been consistently falling across the 18 years of available data.
Taxes on international trade in Saint Lucia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2000 | 47.4% | — |
| 2001 | 45.2% | -4.6% |
| 2002 | 46.5% | +2.8% |
| 2003 | 50.3% | +8.2% |
| 2004 | 51.7% | +2.7% |
| 2005 | 52.9% | +2.5% |
| 2006 | 53.0% | +0.1% |
| 2007 | 50.2% | -5.3% |
| 2008 | 45.5% | -9.3% |
| 2009 | 48.5% | +6.4% |
| 2010 | 44.9% | -7.3% |
| 2011 | 45.7% | +1.8% |
| 2012 | 39.2% | -14.2% |
| 2013 | 24.9% | -36.5% |
| 2014 | 25.5% | +2.5% |
| 2015 | 25.7% | +0.7% |
| 2016 | 26.8% | +4.3% |
| 2017 | 29.2% | +8.8% |
Saint Lucia compared with similar countries
- Saint Lucia's 29.2% is above the median for upper middle income countries, which is 4.5%, 6.5× the median. (48 countries reporting)
- Saint Lucia's 29.2% is above the median for Latin America & Caribbean, which is 4.7%, 6.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 49.1% | 45.2% | 53.0% | 10 |
| 2010s | 32.8% | 24.9% | 45.7% | 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 international trade in Saint Lucia?
- Taxes on international trade in Saint Lucia was 29.2% in 2017, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Saint Lucia?
- The highest recorded value was 53.0% in 2006.
- What is the lowest taxes on international trade recorded in Saint Lucia?
- The lowest recorded value was 24.9% in 2013.
- How does Saint Lucia rank for taxes on international trade?
- Saint Lucia ranks 5th out of 154 countries with data for 2017.
- Is taxes on international trade rising or falling in Saint Lucia?
- Over the last ten years it is down 41.9%. The long-run trend across the full record is falling.
- 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 international trade (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 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.