Bahamas: Taxes on goods and services

The latest value from 2024 is 58.67 percent, an increase from 57.05 percent in 2023. In comparison, the world average is 31.34 percent, based on data from 89 countries. Historically, the average for the Bahamas from 1992 to 2024 is 31.1 percent. The minimum value, 2.82 percent, was reached in 1993 while the maximum of 67.36 percent was recorded in 2019. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.