Saint Vincent and the Grenadines: Taxes on goods and services
* indicates monthly or quarterly data series
| Saint Vincent and the Grenadines |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 43.46 |
| Year | 2017 |
| Measure | percent |
| Data availability | 1990 - 2017 |
| Average | 25.30 |
| Min - Max | 8.51 - 45.97 |
| Source | The World Bank |
The latest value from 2017 is 43.46 percent, an increase from 42.74 percent in 2016. In comparison, the world average is 38.39 percent, based on data from 140 countries. Historically, the average for Saint Vincent and the Grenadines from 1990 to 2017 is 25.3 percent. The minimum value, 8.51 percent, was reached in 1998 while the maximum of 45.97 percent was recorded in 2008.
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Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
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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 |