Barbados: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Barbados

Fiscal balance, percent of GDP

 Latest value -2.00
 Year 2022
 Measure percent
 Data availability 2007 - 2022
 Average -5.14
 Min - Max -11.00 - 3.50
 Source Central bank of Barbados
For that indicator, we provide data for Barbados from 2007 to 2022. The average value for Barbados during that period was -5.14 percent with a minimum of -11 percent in 2013 and a maximum of 3.5 percent in 2019. The latest value from 2022 is -2 percent. For comparison, the world average in 2022 based on 155 countries is -2.43 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Barbados - Fiscal balance, percent of GDP - historical chart - 2007-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 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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