St. Vincent and the Grenadines: Goods and services expense (current LCU)

Key figures

What the numbers say

In 2017, St. Vincent and the Grenadines' goods and services expense (current LCU) rose 21.6% on 2016 (from 64.24 million to 78.14 million).

Across the 16 yearly changes before that (2001 to 2016), the average change was +2% and a typical year strayed about 11.2% from that (the standard deviation). This year's change was 1.8 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 21.8% in 2008 and the biggest yearly fall was 22.1% 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 2008 to 2017 there is no clear straight-line trend: a straight line explains 27% of the movement over 10 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.

Closest to St. Vincent and the Grenadines in the 2017 ranking

• Afghanistan — 1st of 4: 276.17 billion
• Belize — 2nd of 4: 214.78 million
• St. Lucia — 3rd of 4: 185.41 million

What this measures

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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

Goods and services expense (current LCU) in nearby economies

• Argentina — 3.61 trillion (2024)
• Bahamas, The — 561.44 million (2024)
• Barbados — 435.7 million (2016)
• Belize — 214.78 million (2017)
• Brazil — 82.27 billion (2024)
• Chile — 6.03 trillion (2024)
• Colombia — 47.56 trillion (2024)
• Costa Rica — 1.66 trillion (2024)
• Dominican Republic — 260.06 billion (2024)
• Ecuador — 8.69 billion (2022)

More public sector data for St. Vincent and the Grenadines

• Intentional homicides (per 100,000 people) — 51.32 (2023)
• Grants and other revenue (current LCU) — 68.92 million (2017)
• Grants and other revenue (% of revenue) — 11.27% (2017)
• Revenue, excluding grants (current LCU) — 582.62 million (2017)
• Revenue, excluding grants (% of GDP) — 25.57% (2017)
• Taxes on goods and services (current LCU) — 265.65 million (2017)
• Taxes on goods and services (% of revenue) — 43.46% (2017)
• Taxes on goods and services (% of industry and services value added) — 14.92% (2017)

Reading data like this

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Questions people ask

What is St. Vincent and the Grenadines's goods and services expense (current LCU)?

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

How has it changed since 2000?

It is up 51.52% from 51.57 million in 2000 (2.47% a year on average, compounded). The highest value was 91.02 million in 2008 and the lowest 51.57 million in 2000.

Is the latest change in goods and services expense (current LCU) unusual for St. Vincent and the Grenadines?

In 2017, St. Vincent and the Grenadines' goods and services expense (current LCU) rose 21.6% on 2016 (from 64.24 million to 78.14 million). Across the 16 yearly changes before that (2001 to 2016), the average change was +2% and a typical year strayed about 11.2% from that (the standard deviation). This year's change was 1.8 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.XPN.GSRV.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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