Paying taxes: Total tax and contribution rate in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines: Paying taxes: Total tax and contribution rate was 37.0% in 2019. ▼ Falling
Paying taxes: Total tax and contribution rate in Saint Vincent and the Grenadines, 2005–2019
Source: World Bank. Measured in % of profit.
Analysis
In 2019, paying taxes: total tax and contribution rate in Saint Vincent and the Grenadines stood at 37.0%. That is the lowest value across all 15 years on record.
The figure is down 5.9% on the previous year and down 9.8% over ten years.
Over the whole period, paying taxes: total tax and contribution rate in Saint Vincent and the Grenadines peaked at 45.0% in 2005 and was at its lowest, 37.0%, in 2019.
That places Saint Vincent and the Grenadines 95th out of 190 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Total tax and contribution rate in Saint Vincent and the Grenadines, year by year
| Year | % of profit | Change |
|---|---|---|
| 2005 | 45.0% | — |
| 2006 | 45.0% | +0.0% |
| 2007 | 45.0% | +0.0% |
| 2008 | 42.6% | -5.3% |
| 2009 | 41.0% | -3.8% |
| 2010 | 38.7% | -5.6% |
| 2011 | 38.7% | +0.0% |
| 2012 | 38.7% | +0.0% |
| 2013 | 38.6% | -0.3% |
| 2014 | 38.6% | +0.0% |
| 2015 | 39.3% | +1.8% |
| 2016 | 39.3% | +0.0% |
| 2017 | 39.3% | +0.0% |
| 2018 | 39.3% | +0.0% |
| 2019 | 37.0% | -5.9% |
Saint Vincent and the Grenadines compared with similar countries
- Saint Vincent and the Grenadines's 37.0% is above the median for upper middle income countries, which is 35.8%, 1.0× the median. (56 countries reporting)
- Saint Vincent and the Grenadines's 37.0% is below the median for Latin America & Caribbean, which is 39.1%, 95% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43.7% | 41.0% | 45.0% | 5 |
| 2010s | 38.8% | 37.0% | 39.3% | 10 |
Countries ranked near Saint Vincent and the Grenadines
- 92 Kenya 37.2% compare
- 92 Panama 37.2% compare
- 94 Papua New Guinea 37.1% compare
- 95 Sao Tome and Principe 37.0% compare
- 97 Peru 36.8% compare
- 97 Chinese Taipei 36.8% compare
More reference data data for Saint Vincent and the Grenadines
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0031 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0045 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0077 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0077 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0105 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0067 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0208 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.0383 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0002 (2050)
Frequently asked questions
- What is paying taxes: total tax and contribution rate in Saint Vincent and the Grenadines?
- Paying taxes: total tax and contribution rate in Saint Vincent and the Grenadines was 37.0% in 2019, according to the World Bank.
- What is the highest paying taxes: total tax and contribution rate recorded in Saint Vincent and the Grenadines?
- The highest recorded value was 45.0% in 2005.
- What is the lowest paying taxes: total tax and contribution rate recorded in Saint Vincent and the Grenadines?
- The lowest recorded value was 37.0% in 2019.
- How does Saint Vincent and the Grenadines rank for paying taxes: total tax and contribution rate?
- Saint Vincent and the Grenadines ranks 95th out of 190 countries with data for 2019.
- Is paying taxes: total tax and contribution rate rising or falling in Saint Vincent and the Grenadines?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is falling.
- Where does this Saint Vincent and the Grenadines data come from?
- The figures come from the World Bank, published as part of Paying taxes: Total tax and contribution rate (% of profit). Statizoid updates them automatically from the source API.
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About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.