Australia vs Barbados: Tax revenue
Australia
23.6%
in 2022
Barbados
23.4%
in 2016
Australia rank
25th
Barbados rank
26th
Tax revenue over time
- Australia
- Barbados
How they compare
Australia currently reports 23.6% against 23.4% in Barbados, a difference of 0.2%.
The two have swapped places 2 times across 14 shared years of data; in 2003 it was Barbados ahead.
Australia ranks 25th and Barbados ranks 26th of 157 countries.
Across the 2 decades both report, Australia averaged higher in 1 and Barbados in 1.
Head to head by decade
| Decade | Australia | Barbados | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24.0% | 25.6% | 1.6% | Barbados |
| 2010s | 21.3% | 20.8% | 0.5% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Australia or Barbados?
- Australia, at 23.6% against 23.4% in Barbados as of 2022.
- What is the difference in tax revenue between Australia and Barbados?
- 0.2%, with Australia ahead.
- How many years of comparable data are there for Australia and Barbados?
- 14 years are reported by both, from 2003 to 2016.
- How do Australia and Barbados rank globally for tax revenue?
- Australia ranks 25th and Barbados ranks 26th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Tax revenue (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.