Barbados: Taxes on goods and services

* indicates monthly or quarterly data series

Taxes on goods and services, percent of total revenue

 Latest value 45.88
 Year 2016
 Measure percent
 Data availability 2003 - 2016
 Average 44.98
 Min - Max 39.61 - 49.78
 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 44.98 percent with a minimum of 39.61 percent in 2009 and a maximum of 49.78 percent in 2013. The latest value from 2016 is 45.88 percent. For comparison, the world average in 2016 based on 134 countries is 33.35 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 - Taxes on goods and services - Recent values chart

Historical chart
Barbados - Taxes on goods and services - historical chart - 2003-2016

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

 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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