Barbados: Fiscal freedom

* indicates monthly or quarterly data series
 Barbados

Fiscal freedom index (0-100)

 Latest value 56
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 68
 Min - Max 56 - 80
 Source The Heritage Foundation
For that indicator, we provide data for Barbados from 1996 to 2024. The average value for Barbados during that period was 68 points with a minimum of 56 points in 2024 and a maximum of 80 points in 2022. The latest value from 2024 is 56 points. For comparison, the world average in 2024 based on 174 countries is 52 points. 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 freedom - Recent values chart

Historical chart
Barbados - Fiscal freedom - historical chart - 1996-2024




The Fiscal Freedom index for Barbados from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.
Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.

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 Related indicators Latest value Reference Measure
 Property rights 72 2024 points
 Freedom from corruption 68 2024 points
 Fiscal freedom 56 2024 points
 Business freedom 73 2024 points
 Labor freedom 56 2024 points
 Monetary freedom 77.70 2024 points
 Trade freedom 44 2024 points
 Investment freedom 60 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 67 2024 index points
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