St. Kitts and Nevis Tax Revenue
Tax revenue as % of GDP GC.TAX.TOTL.GD.ZS
St. Kitts and Nevis's tax revenue was 15.04% in 2020, ranked 63rd globally. This represents a 13.6% decrease from 2019. Data from World Bank, covering 1990–2020.
Overview
St. Kitts and Nevis's tax revenue stood at 15.04% in 2020, a decline of +2.37% from 2017. St. Kitts and Nevis ranked 63rd globally.
St. Kitts and Nevis' tax revenue has exhibited fluctuations over the past two and a half decades, with the latest available data indicating a value of 15.04% of GDP in 2020. This places the country at the 63rd position globally, according to the World Bank. The all-time peak of 21.63% was achieved in 2007, while the trough was reached in 1990 at 14.39%. Notably, St. Kitts and Nevis' tax revenue levels have remained higher than those of its peer country, Romania, which stood at 14.23% in the same year. Despite its relatively stable position, St. Kitts and Nevis' tax revenue has been on a downward trend since 2007. A potential shift in the country's economic trajectory could be driven by changes to its taxation policies or economic growth, with a notable increase in tax revenue likely to occur if the country's tourism sector continues to grow and attract foreign investment.
Data & projection
| Year | Tax Revenue | YoY change | Rank |
|---|---|---|---|
| 2020 | 15.04% | −2.37% | #63 |
| 2017 | 17.41% | −0.94% | #80 |
| 2016 | 18.35% | −1.28% | #90 |
| 2015 | 19.64% | +1.16% | #97 |
| 2014 | 18.47% | +0.63% | #93 |
| 2013 | 17.84% | −0.08% | #81 |
| 2012 | 17.92% | −0.15% | #84 |
| 2011 | 18.08% | +1.76% | #83 |
| 2010 | 16.31% | −2.56% | #69 |
| 2009 | 18.87% | −1.17% | #82 |
| 2008 | 20.04% | −1.60% | #73 |
| 2007 | 21.63% | +0.78% | #78 |
| 2006 | 20.85% | +0.19% | #70 |
| 2005 | 20.66% | −0.59% | #71 |
| 2004 | 21.25% | −0.25% | #77 |
Detected Pattern
Analysis
St. Kitts and Nevis matched the Fiscal Dominance Trap pattern in 1981. Historically, 72% of countries showing this pattern (278 out of 386) saw tax revenue improve within 24 months. View full analysis →
Frequently Asked Questions
St. Kitts and Nevis's tax revenue was 15.04% in 2020. Ranked 63rd globally. This represents a 13.6% decrease from the previous year.
St. Kitts and Nevis's tax revenue peaked at 21.63% in 2007.
The lowest tax revenue in St. Kitts and Nevis was 14.39% in 1990.
St. Kitts and Nevis ranks 63rd globally in tax revenue as of 2020.
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
The tax revenue of St. Kitts and Nevis in 2020 was 15.04%. This ranks 63rd in the world.
Cite this page
@misc{historysaid_st-kitts-and-nevis_tax-revenue,
title = {St. Kitts and Nevis Tax Revenue},
url = {https://historysaid.com/st-kitts-and-nevis/tax-revenue/},
publisher = {HistorySaid},
year = {2026}
}