St. Vincent and the Grenadines Tax Revenue
Tax revenue as % of GDP GC.TAX.TOTL.GD.ZS
St. Vincent and the Grenadines's tax revenue was 23.80% in 2017, ranked 124th globally. This represents a 2.3% decrease from 2016. Data from World Bank, covering 1990–2017.
Overview
St. Vincent and the Grenadines's tax revenue stood at 23.80% in 2017, a decline of +0.55% from 2016. St. Vincent and the Grenadines ranked 124th globally.
St. Vincent and the Grenadines' tax revenue as a percentage of GDP has demonstrated a relatively stable trend over the past 28 years, with fluctuations around a moderate level. The island nation's tax revenue peaked in 2016 at 24.35%, a year prior to its latest recorded figure of 23.80% in 2017, ranking 124 globally. Notably, this performance is comparable to that of France, which also recorded a tax revenue of 23.79% in 2017. The country's tax revenue has shown a slight decline from its 1990 level of 18.26%, which was also its all-time trough. This moderate increase suggests a steady growth in the country's fiscal capacity. However, the trajectory of St. Vincent and the Grenadines' tax revenue may be impacted by the country's ongoing efforts to diversify its economy and increase its competitiveness, which could lead to a shift towards more business-friendly tax policies and potentially alter the nation's tax revenue trajectory.
Data & projection
| Year | Tax Revenue | YoY change | Rank |
|---|---|---|---|
| 2017 | 23.80% | −0.55% | #124 |
| 2016 | 24.35% | +1.69% | #129 |
| 2015 | 22.66% | +0.16% | #120 |
| 2014 | 22.50% | +2.13% | #113 |
| 2013 | 20.37% | −1.47% | #95 |
| 2012 | 21.84% | +0.46% | #107 |
| 2011 | 21.38% | −0.28% | #103 |
| 2010 | 21.67% | −0.76% | #102 |
| 2009 | 22.43% | −0.21% | #102 |
| 2008 | 22.64% | +1.75% | #90 |
| 2007 | 20.90% | +0.08% | #70 |
| 2006 | 20.82% | +1.09% | #69 |
| 2005 | 19.72% | +0.13% | #65 |
| 2004 | 19.59% | −0.23% | #68 |
| 2003 | 19.83% | −0.89% | #70 |
Detected Pattern
Analysis
St. Vincent and the Grenadines matched the Stagflation Risk pattern in 2008. Historically, 38% of countries showing this pattern (117 out of 307) saw tax revenue improve within 24 months. View full analysis →
Frequently Asked Questions
St. Vincent and the Grenadines's tax revenue was 23.80% in 2017. Ranked 124th globally. This represents a 2.3% decrease from the previous year.
St. Vincent and the Grenadines's tax revenue peaked at 24.35% in 2016.
The lowest tax revenue in St. Vincent and the Grenadines was 18.26% in 1990.
St. Vincent and the Grenadines ranks 124th globally in tax revenue as of 2017.
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
The tax revenue of St. Vincent and the Grenadines in 2017 was 23.80%. This ranks 124th in the world.
Cite this page
@misc{historysaid_st-vincent-and-the-grenadines_tax-revenue,
title = {St. Vincent and the Grenadines Tax Revenue},
url = {https://historysaid.com/st-vincent-and-the-grenadines/tax-revenue/},
publisher = {HistorySaid},
year = {2026}
}