Barbados: Taxes on international trade

The latest value from 2016 is 8.57 percent, a decline from 9.15 percent in 2015. In comparison, the world average is 8.01 percent, based on data from 114 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. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.