St. Vincent and the Grenadines's subsidies and other transfers (current LCU) was 132.3 million in 2017, the latest year in the World Bank's World Development Indicators. That is up 89.37% from 69.86 million in 2007 (6.59% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 132.3 million | 2017 |
| Five years earlier | 131.17 million | 2012 |
| Ten years earlier | 69.86 million | 2007 |
| Highest | 143.63 million | 2011 |
| Lowest | 36.96 million | 2000 |
| Average since 2008 | 123.38 million | 2008–2017 |
| First recorded | 36.96 million |
What the numbers say
In 2017, St. Vincent and the Grenadines' subsidies and other transfers (current LCU) rose 11.4% on 2016 (from 118.74 million to 132.3 million).
Across the 16 yearly changes before that (2001 to 2016), the average change was +8.4% and a typical year strayed about 14.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 39.3% in 2009 and the biggest yearly fall was 8.7% in 2012. 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 11% 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 3: 52.93 billion
- St. Lucia — 2nd of 3: 228.51 million
What this measures
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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
| Year | Subsidies and other transfers (current LCU) |
|---|---|
| 2017 | 132,300,000 |
| 2016 | 118,740,000 |
| 2015 | 120,120,000 |
| 2014 | 122,310,000 |
| 2013 | 126,296,521 |
| 2012 | 131,174,478 |
| 2011 | 143,629,349 |
| 2010 | 131,870,542 |
| 2009 | 120,680,000 |
| 2008 | 86,653,905 |
| 2007 |
Subsidies and other transfers (current LCU) in nearby economies
- Argentina — 67.45 trillion (2024)
- Bahamas, The — 665.5 million (2024)
- Barbados — 1.24 billion (2016)
- Brazil — 2.42 trillion (2024)
- Chile — 26.39 trillion (2024)
- Colombia — 346.34 trillion (2024)
- Costa Rica — 1.98 trillion (2024)
- Dominican Republic — 302.22 billion (2024)
- Ecuador — 12.95 billion (2022)
- El Salvador — 2 billion (2024)
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
Questions people ask
- What is St. Vincent and the Grenadines's subsidies and other transfers (current LCU)?
- 132.3 million in 2017, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 257.98% from 36.96 million in 2000 (7.79% a year on average, compounded). The highest value was 143.63 million in 2011 and the lowest 36.96 million in 2000.
- Is the latest change in subsidies and other transfers (current LCU) unusual for St. Vincent and the Grenadines?
- In 2017, St. Vincent and the Grenadines' subsidies and other transfers (current LCU) rose 11.4% on 2016 (from 118.74 million to 132.3 million). Across the 16 yearly changes before that (2001 to 2016), the average change was +8.4% and a typical year strayed about 14.2% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.XPN.TRFT.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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