Saint Lucia: Tax revenue
* indicates monthly or quarterly data series
| Saint Lucia |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 18.23 |
| Year | 2017 |
| Measure | percent |
| Data availability | 2000 - 2017 |
| Average | 17.82 |
| Min - Max | 16.17 - 19.14 |
| Source | The World Bank |
The latest value from 2017 is 18.23 percent, a decline from 19.14 percent in 2016. In comparison, the world average is 16.27 percent, based on data from 142 countries. Historically, the average for Saint Lucia from 2000 to 2017 is 17.82 percent. The minimum value, 16.17 percent, was reached in 2003 while the maximum of 19.14 percent was recorded in 2016.
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Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | -2.61 | 2023 | percent |
| Government debt | 85.60 | 2022 | percent |
| Tax revenue | 18.23 | 2017 | percent |
| Commercial tax rate | 34.70 | 2019 | percent |
| Tax preparation time | 110 | 2019 | hours |
| Number of taxes | 35 | 2019 | taxes |
| Taxes on goods and services | 34.80 | 2017 | percent |
| Taxes on international trade | 29.18 | 2017 | percent |
| Income and profits taxes | 22.69 | 2017 | percent |
| Foreign aid | 33.41 | 2022 | million U.S. dollars |