Bahamas: Taxes on goods and services

* indicates monthly or quarterly data series
 Bahamas

Taxes on goods and services, percent of total revenue

 Latest value 57.13
 Year 2022
 Measure percent
 Data availability 1992 - 2022
 Average 29.37
 Min - Max 2.82 - 67.36
 Source The World Bank
For that indicator, we provide data for the Bahamas from 1992 to 2022. The average value for the Bahamas during that period was 29.37 percent with a minimum of 2.82 percent in 1993 and a maximum of 67.36 percent in 2019. The latest value from 2022 is 57.13 percent. For comparison, the world average in 2022 based on 20 countries is 32.92 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Bahamas - Taxes on goods and services - Recent values chart

Historical chart
Bahamas - Taxes on goods and services - historical chart - 1992-2022




Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 13.82 2022 percent
 Government spending, in dollars 1.78 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -5.90 2022 percent
 Government debt 86.40 2023 percent
 Government expenditure 0.45 Q3/2022 billion
 Tax revenue 16.73 2022 percent
 Commercial tax rate 33.80 2019 percent
 Tax preparation time 155 2019 hours
 Number of taxes 20 2019 taxes
 Taxes on goods and services 57.13 2022 percent
 Taxes on international trade 19.64 2022 percent
 Foreign aid 4.48 2004 million U.S. dollars
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