General Government Revenue for St. Lucia
SLAGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.31
Year-over-Year Change
3.85%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Revenue for St. Lucia measures the total revenue collected by the national government, including taxes, social contributions, and other sources. This metric is crucial for economists and policymakers to assess the fiscal health and revenue-generating capacity of the country.
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
General government revenue represents the income that the St. Lucian government collects to fund public expenditures and services. This indicator is widely used to analyze a country's fiscal position, tax burden, and ability to finance government operations and investments.
Methodology
The data is collected and calculated by the St. Lucia Central Statistical Office based on government financial accounts.
Historical Context
Policymakers and international organizations use this data to evaluate the effectiveness of fiscal and tax policies in St. Lucia.
Key Facts
- St. Lucia's general government revenue was 1.13 billion East Caribbean dollars in 2020.
- Government revenue accounted for 25.7% of St. Lucia's GDP in 2020.
- Tax revenue made up 69.2% of total government revenue in 2020.
FAQs
Q: What does this economic trend measure?
A: The General Government Revenue for St. Lucia measures the total revenue collected by the national government, including taxes, social contributions, and other sources.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for economists and policymakers to assess the fiscal health and revenue-generating capacity of the country, which informs decisions about taxation, spending, and fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the St. Lucia Central Statistical Office based on government financial accounts.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this data to evaluate the effectiveness of fiscal and tax policies in St. Lucia.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the statistical agency.
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Citation
U.S. Federal Reserve, General Government Revenue for St. Lucia (SLAGGRGDP), retrieved from FRED.