St. Vincent and the Grenadines: Revenue, excluding grants (current LCU)

Key figures

What the numbers say

In 2017, St. Vincent and the Grenadines' revenue, excluding grants (current LCU) fell 1.7% on 2016 (from 592.58 million to 582.62 million).

Across the 26 yearly changes before that (1991 to 2016), the average change was +6% and a typical year strayed about 7% from that (the standard deviation). This year's change was 1.1 standard deviations below 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 23.9% in 1991 and the biggest yearly fall was 4.7% in 2009. 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 upward, about 12.75 million a year. A straight line explains 62% 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. Vincent and the Grenadines in the 2017 ranking

• Afghanistan — 1st of 4: 167.62 billion
• Belize — 2nd of 4: 1.08 billion
• St. Lucia — 3rd of 4: 1.05 billion

What this measures

Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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 28 values

Revenue, excluding grants (current LCU) in nearby economies

• Argentina — 98.45 trillion (2024)
• Bahamas, The — 3.07 billion (2024)
• Barbados — 2.86 billion (2016)
• Belize — 1.08 billion (2017)
• Brazil — 3.12 trillion (2024)
• Chile — 67.9 trillion (2024)
• Colombia — 442.87 trillion (2024)
• Costa Rica — 13.66 trillion (2024)
• Dominican Republic — 1.3 trillion (2024)
• Ecuador — 35.96 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 (% 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)
• Customs and other import duties (current LCU) — 70.26 million (2017)

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Questions people ask

What is St. Vincent and the Grenadines's revenue, excluding grants (current LCU)?

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

How has it changed since 1990?

It is up 325.27% from 137 million in 1990 (5.51% a year on average, compounded). The highest value was 592.58 million in 2016 and the lowest 137 million in 1990.

Is the latest change in revenue, excluding grants (current LCU) unusual for St. Vincent and the Grenadines?

In 2017, St. Vincent and the Grenadines' revenue, excluding grants (current LCU) fell 1.7% on 2016 (from 592.58 million to 582.62 million). Across the 26 yearly changes before that (1991 to 2016), the average change was +6% and a typical year strayed about 7% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator GC.REV.XGRT.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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