Barbados: Government spending, percent of GDP

* indicates monthly or quarterly data series
 Barbados

Government spending as percent of GDP

 Latest value 12.02
 Year 2022
 Measure percent
 Data availability 1975 - 2022
 Average 14.26
 Min - Max 10.87 - 19.34
 Source The World Bank
For that indicator, we provide data for Barbados from 1975 to 2022. The average value for Barbados during that period was 14.26 percent with a minimum of 10.87 percent in 2019 and a maximum of 19.34 percent in 2003. The latest value from 2022 is 12.02 percent. For comparison, the world average in 2022 based on 143 countries is 16.25 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
Barbados - Government spending, percent of GDP - Recent values chart

Historical chart
Barbados - Government spending, percent of GDP - historical chart - 1975-2022




The government size of Barbados and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 12.02 2022 percent
 Government spending, in dollars 0.69 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -2.00 2022 percent
 Government debt 115.50 2023 percent
 Tax revenue 27.42 2016 percent
 Commercial tax rate 35.60 2019 percent
 Tax preparation time 241 2019 hours
 Number of taxes 28 2019 taxes
 Taxes on goods and services 45.88 2016 percent
 Taxes on international trade 8.57 2016 percent
 Income and profits taxes 29.98 2016 percent
 Foreign aid 15.58 2010 million U.S. dollars
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