Barbados vs Jamaica: Tax revenue
Barbados
23.4%
in 2016
Jamaica
23.7%
in 2020
Barbados rank
26th
Jamaica rank
24th
Tax revenue over time
- Barbados
- Jamaica
How they compare
Jamaica currently reports 23.7% against 23.4% in Barbados, a difference of 0.3%.
The two have swapped places 1 time across 14 shared years of data; in 2003 it was Barbados ahead.
Barbados ranks 26th and Jamaica ranks 24th of 157 countries.
Across the 2 decades both report, Barbados averaged higher in 1 and Jamaica in 1.
Head to head by decade
| Decade | Barbados | Jamaica | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 25.6% | 24.3% | 1.3% | Barbados |
| 2010s | 20.8% | 24.0% | 3.2% | Jamaica |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher tax revenue, Barbados or Jamaica?
- Jamaica, at 23.7% against 23.4% in Barbados as of 2020.
- What is the difference in tax revenue between Barbados and Jamaica?
- 0.3%, with Jamaica ahead.
- How many years of comparable data are there for Barbados and Jamaica?
- 14 years are reported by both, from 2003 to 2016.
- How do Barbados and Jamaica rank globally for tax revenue?
- Barbados ranks 26th and Jamaica ranks 24th 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.