Barbados: Taxes on international trade
* indicates monthly or quarterly data series
| Barbados |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 8.57 |
| Year | 2016 |
| Measure | percent |
| Data availability | 2003 - 2016 |
| Average | 8.64 |
| Min - Max | 7.33 - 9.91 |
| Source | The World Bank |
The latest value from 2016 is 8.57 percent, a decline from 9.15 percent in 2015. In comparison, the world average is 8.38 percent, based on data from 118 countries. Historically, the average for Barbados from 2003 to 2016 is 8.64 percent. The minimum value, 7.33 percent, was reached in 2009 while the maximum of 9.91 percent was recorded in 2004.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 11.84 | 2022 | percent |
| Fiscal balance, percent of GDP | -2.00 | 2022 | percent |
| Government debt | 115.50 | 2023 | percent |
| Tax revenue | 27.39 | 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 |