St. Kitts and Nevis: Taxes on international trade (% of revenue)

Key figures

What the numbers say

On record, the biggest yearly rise was 10.3 percentage points in 2008 and the biggest yearly fall was 16.84 percentage points in 2007. 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 there is no clear straight-line trend: a straight line explains 10% of the movement over 8 observed years, so the value is moving around more than it is heading anywhere.

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 2nd highest value of the 11 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

• Cabo Verde — 1st of 11: 15.03%
• Palau — 3rd of 11: 12.34%
• Mali — 4th of 11: 10.71%
• Jamaica — 5th of 11: 8.83%

What this measures

Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.

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).

Regional and income-group figures are computed by the World Bank as a median.

All 24 values

Taxes on international trade (% of revenue) in nearby economies

• Argentina — 14.99% (2024)
• Bahamas, The — 23.63% (2024)
• Barbados — 8.57% (2016)
• Belize — 14.23% (2017)
• Brazil — 2.49% (2024)
• Chile — 0.99% (2024)
• Colombia — 1.41% (2024)
• Costa Rica — 3.96% (2024)
• Dominican Republic — 5.46% (2024)
• Ecuador — 6.4% (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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is St. Kitts and Nevis's taxes on international trade (% of revenue)?

12.95% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is down 37.31 percentage points from 50.26% in 1990. The highest value was 51.37% in 1991 and the lowest 11.26% in 2013.

How does St. Kitts and Nevis rank?

2nd highest of 11 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.INTT.RV.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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