Barbados: Tax revenue

The latest value from 2016 is 23.38 percent, an increase from 21.01 percent in 2015. In comparison, the world average is 16.52 percent, based on data from 140 countries. Historically, the average for Barbados from 2003 to 2016 is 23.21 percent. The minimum value, 19.06 percent, was reached in 2013 while the maximum of 26.73 percent was recorded in 2005. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes are compulsory, unrequited payments, in cash or in kind, made by institutionalunits to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.