Saint Vincent and the Grenadines: Tax revenue
* indicates monthly or quarterly data series
| Saint Vincent and the Grenadines |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 23.80 |
| Year | 2017 |
| Measure | percent |
| Data availability | 1990 - 2017 |
| Average | 20.74 |
| Min - Max | 18.26 - 24.35 |
| Source | The World Bank |
The latest value from 2017 is 23.8 percent, a decline from 24.35 percent in 2016. In comparison, the world average is 16.27 percent, based on data from 142 countries. Historically, the average for Saint Vincent and the Grenadines from 1990 to 2017 is 20.74 percent. The minimum value, 18.26 percent, was reached in 1990 while the maximum of 24.35 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 | -11.68 | 2023 | percent |
| Government debt | 87.77 | 2022 | percent |
| Tax revenue | 23.80 | 2017 | percent |
| Commercial tax rate | 37.00 | 2019 | percent |
| Tax preparation time | 108 | 2019 | hours |
| Number of taxes | 36 | 2019 | taxes |
| Taxes on goods and services | 43.46 | 2017 | percent |
| Taxes on international trade | 17.63 | 2017 | percent |
| Income and profits taxes | 24.69 | 2017 | percent |
| Foreign aid | 15.49 | 2022 | million U.S. dollars |