St. Lucia: Taxes on international trade (current LCU)

Key figures

What the numbers say

In 2017, St. Lucia's taxes on international trade (current LCU) rose 17.5% on 2016 (from 278.11 million to 326.82 million).

Across the 16 yearly changes before that (2001 to 2016), the average change was +1.9% and a typical year strayed about 12.4% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 17.5% in 2017 and the biggest yearly fall was 32.7% in 2013. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2008 to 2017 the straight-line trend is downward, about 13.47 million a year. A straight line explains 42% of the movement over 10 observed years.

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

Closest to St. Lucia in the 2017 ranking

• Afghanistan — 1st of 4: 45.92 billion
• Belize — 3rd of 4: 157.81 million
• St. Vincent and the Grenadines — 4th of 4: 107.79 million

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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency 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 18 values

Taxes on international trade (current LCU) in nearby economies

• Argentina — 14.79 trillion (2024)
• Bahamas, The — 725.21 million (2024)
• Barbados — 246.23 million (2016)
• Belize — 157.81 million (2017)
• Brazil — 77.5 billion (2024)
• Chile — 671.1 billion (2024)
• Colombia — 7.1 trillion (2024)
• Costa Rica — 564.66 billion (2024)
• Dominican Republic — 70.74 billion (2024)
• Ecuador — 2.3 billion (2022)

More public sector data for St. Lucia

• Intentional homicides (per 100,000 people) — 39.04 (2023)
• Intentional homicides, male (per 100,000 male) — 68.85 (2023)
• Intentional homicides, female (per 100,000 female) — 9.92 (2023)
• CPIA business regulatory environment rating (1=low to 6=high) — 3.5 (2025)
• CPIA debt policy rating (1=low to 6=high) — 3 (2025)
• CPIA economic management cluster average (1=low to 6=high) — 3.67 (2025)
• CPIA policy and institutions for environmental sustainability rating (1=low to 6=high) — 4 (2025)
• CPIA quality of budgetary and financial management rating (1=low to 6=high) — 3 (2025)

Reading data like this

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Questions people ask

What is St. Lucia's taxes on international trade (current LCU)?

326.82 million in 2017, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is up 39.12% from 234.92 million in 2000 (1.96% a year on average, compounded). The highest value was 389.43 million in 2011 and the lowest 207.95 million in 2001.

Is the latest change in taxes on international trade (current LCU) unusual for St. Lucia?

In 2017, St. Lucia's taxes on international trade (current LCU) rose 17.5% on 2016 (from 278.11 million to 326.82 million). Across the 16 yearly changes before that (2001 to 2016), the average change was +1.9% and a typical year strayed about 12.4% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

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.CN, 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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