Barbados: Tax revenue

* indicates monthly or quarterly data series

Tax revenue, percent of GDP

 Latest value 27.42
 Year 2016
 Measure percent
 Data availability 2003 - 2016
 Average 25.25
 Min - Max 23.03 - 27.42
 Source The World Bank
For that indicator, we provide data for Barbados from 2003 to 2016. The average value for Barbados during that period was 25.25 percent with a minimum of 23.03 percent in 2013 and a maximum of 27.42 percent in 2016. The latest value from 2016 is 27.42 percent. For comparison, the world average in 2016 based on 136 countries is 16.77 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Barbados - Tax revenue - Recent values chart

Historical chart
Barbados - Tax revenue - historical chart - 2003-2016

Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.

 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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