General Government Revenue for Caribbean
CRBGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.82
Year-over-Year Change
-4.94%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Revenue for Caribbean measures the total revenue collected by governments in Caribbean countries as a percentage of GDP. This metric provides insight into the fiscal health and policies of the region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The General Government Revenue for Caribbean represents the combined revenues of national, state, and local governments in the Caribbean region, expressed as a share of total GDP. It is a key indicator of a government's capacity to fund public services and programs.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reports from national statistics agencies.
Historical Context
Policymakers and analysts use this metric to assess the fiscal sustainability and policy priorities of Caribbean economies.
Key Facts
- Caribbean government revenue averaged 24.5% of GDP in 2020.
- Revenue-to-GDP ratios vary widely across Caribbean countries.
- Governments rely on tax revenue, fees, and grants to fund public services.
FAQs
Q: What does this economic trend measure?
A: The General Government Revenue for Caribbean measures the total revenue collected by national, state, and local governments in the Caribbean region as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the fiscal health and policy priorities of Caribbean economies, which is crucial for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on reports from national statistics agencies in the Caribbean.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the fiscal sustainability and policy priorities of Caribbean economies, informing decisions on taxation, spending, and public service provision.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and can vary in quality across different Caribbean countries due to differences in statistical capacity.
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Number of Identified Exporters to Netherlands Antilles from U.S. Virgin Islands
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Purchasing Power Parity, Share of World for Caribbean
CRBPPPSH
General Government Net Lending/Borrowing for Caribbean
CRBGGXCNLGDP
General Government Primary Net Lending/Borrowing for Caribbean
CRBGGXONLBGDP
Citation
U.S. Federal Reserve, General Government Revenue for Caribbean (CRBGGRGDP), retrieved from FRED.