St. Kitts and Nevis: Taxes on income, profits and capital gains (% of total taxes)

Key figures

What the numbers say

On record, the biggest yearly rise was 6.75 percentage points in 2008 and the biggest yearly fall was 10.46 percentage points in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is upward, about 1.24 percentage points a year. A straight line explains 83% of the movement over 8 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2020, St. Kitts and Nevis had the 7th highest value of the 10 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to St. Kitts and Nevis in the 2020 ranking

• Marshall Islands — 4th of 10: 39.94%
• Jamaica — 5th of 10: 37.82%
• Cabo Verde — 6th of 10: 30.72%
• Honduras — 8th of 10: 29.57%
• Palau — 9th of 10: 24.01%
• Bahrain — 10th of 10: 1.74%

What this measures

Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 24 values

Taxes on income, profits and capital gains (% of total taxes) in nearby economies

• Argentina — 14.7% (2024)
• Barbados — 32.42% (2016)
• Belize — 27.93% (2017)
• Brazil — 58.67% (2024)
• Chile — 38.05% (2024)
• Colombia — 46.73% (2024)
• Costa Rica — 32.54% (2024)
• Dominican Republic — 34.93% (2024)
• Ecuador — 29.21% (2022)

More public sector data for St. Kitts and Nevis

• Intentional homicides (per 100,000 people) — 64.16 (2023)
• Net investment in nonfinancial assets (current LCU) — 122.7 million (2020)
• Net investment in nonfinancial assets (% of GDP) — 5.14% (2020)
• Net lending (+) / net borrowing (-) (current LCU) — -53.7 million (2020)
• Net lending (+) / net borrowing (-) (% of GDP) — -2.25% (2020)
• Grants and other revenue (current LCU) — 348.4 million (2020)
• Grants and other revenue (% of revenue) — 49.25% (2020)
• Revenue, excluding grants (current LCU) — 679.2 million (2020)
• Revenue, excluding grants (% of GDP)

Reading data like this

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Questions people ask

What is St. Kitts and Nevis's taxes on income, profits and capital gains (% of total taxes)?

30.53% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 6.72 percentage points from 23.81% in 1990. The highest value was 37.89% in 2009 and the lowest 19.49% in 2013.

How does St. Kitts and Nevis rank?

7th highest of 10 economies with data for 2020.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator GC.TAX.YPKG.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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