Bahamas: Taxes on international trade
* indicates monthly or quarterly data series
| Bahamas |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 23.65 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1990 - 2023 |
| Average | 43.98 |
| Min - Max | 15.67 - 64.66 |
| Source | The World Bank |
The latest value from 2023 is 23.65 percent, an increase from 19.64 percent in 2022. In comparison, the world average is 6.25 percent, based on data from 70 countries. Historically, the average for the Bahamas from 1990 to 2023 is 43.98 percent. The minimum value, 15.67 percent, was reached in 2021 while the maximum of 64.66 percent was recorded in 1990.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 12.91 | 2024 | percent |
| Government spending, in dollars | 2.04 | 2024 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.20 | 2024 | percent |
| Primary budget balance | 2.74 | 2024 | percent |
| Government expenditure | 0.47 | Q4/2023 | billion |
| Tax revenue | 16.20 | 2023 | percent |
| Commercial tax rate | 33.80 | 2019 | percent |
| Tax preparation time | 155 | 2019 | hours |
| Taxes on goods and services | 57.05 | 2023 | percent |
| Taxes on international trade | 23.65 | 2023 | percent |
| Foreign aid | 4.39 | 1995 | million U.S. dollars |
| Government debt | 73.81 | 2024 | percent |