Taxes on international trade in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Taxes on international trade was 17.6% in 2017. ▼ Falling
Taxes on international trade in Saint Vincent and the Grenadines, 1990–2017
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 Vincent and the Grenadines is 17.6%, measured in 2017.
The figure is up 8.8% on the previous year and down 26.4% over ten years.
Over the whole period, taxes on international trade in Saint Vincent and the Grenadines peaked at 41.9% in 1995 and was at its lowest, 15.2%, in 2009.
That places Saint Vincent and the Grenadines 13th out of 154 countries with data for 2017, putting it in the top 10%.
The long-run direction has been consistently falling across the 28 years of available data.
Taxes on international trade in Saint Vincent and the Grenadines, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 36.1% | — |
| 1991 | 34.0% | -5.9% |
| 1992 | 36.6% | +7.5% |
| 1993 | 40.8% | +11.7% |
| 1994 | 39.6% | -3.0% |
| 1995 | 41.9% | +5.7% |
| 1996 | 39.3% | -6.2% |
| 1997 | 39.1% | -0.3% |
| 1998 | 36.4% | -6.9% |
| 1999 | 37.9% | +4.1% |
| 2000 | 37.9% | -0.1% |
| 2001 | 38.5% | +1.6% |
| 2002 | 40.6% | +5.3% |
| 2003 | 41.2% | +1.6% |
| 2004 | 40.2% | -2.5% |
| 2005 | 40.8% | +1.6% |
| 2006 | 40.7% | -0.2% |
| 2007 | 24.0% | -41.1% |
| 2008 | 16.7% | -30.1% |
| 2009 | 15.2% | -9.1% |
| 2010 | 16.4% | +7.9% |
| 2011 | 16.3% | -0.9% |
| 2012 | 16.2% | -0.2% |
| 2013 | 16.8% | +3.3% |
| 2014 | 19.5% | +16.4% |
| 2015 | 22.2% | +13.7% |
| 2016 | 16.2% | -27.0% |
| 2017 | 17.6% | +8.8% |
Saint Vincent and the Grenadines compared with similar countries
- Saint Vincent and the Grenadines's 17.6% is above the median for upper middle income countries, which is 4.5%, 3.9× the median. (48 countries reporting)
- Saint Vincent and the Grenadines's 17.6% is above the median for Latin America & Caribbean, which is 4.7%, 3.7× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 38.2% | 34.0% | 41.9% | 10 |
| 2000s | 33.6% | 15.2% | 41.2% | 10 |
| 2010s | 17.7% | 16.2% | 22.2% | 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 international trade in Saint Vincent and the Grenadines?
- Taxes on international trade in Saint Vincent and the Grenadines was 17.6% 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 Vincent and the Grenadines?
- The highest recorded value was 41.9% in 1995.
- What is the lowest taxes on international trade recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 15.2% in 2009.
- How does Saint Vincent and the Grenadines rank for taxes on international trade?
- Saint Vincent and the Grenadines ranks 13th out of 154 countries with data for 2017.
- Is taxes on international trade rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is down 26.4%. The long-run trend across the full record is falling.
- 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 international trade (% of revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 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.