Barbados: Taxes on goods and services

The latest value from 2016 is 45.88 percent, a decline from 48.36 percent in 2015. In comparison, the world average is 33.51 percent, based on data from 137 countries. Historically, the average for Barbados from 2003 to 2016 is 44.98 percent. The minimum value, 39.61 percent, was reached in 2009 while the maximum of 49.78 percent was recorded in 2013. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.