Bahamas vs Latin America & Caribbean (excluding high income): Taxes on goods and services (% of revenue)
Taxes on goods and services (% of revenue) over time
- Bahamas
- Latin America & Caribbean (excluding high income)
How they compare
Bahamas currently reports 58.7% against 36.1% in Latin America & Caribbean (excluding high income), a difference of 22.6%.
That makes Bahamas's figure about 1.6 times Latin America & Caribbean (excluding high income)'s.
The two have swapped places 1 time across 25 shared years of data; in 1998 it was Latin America & Caribbean (excluding high income) ahead.
Bahamas ranks 3rd and Latin America & Caribbean (excluding high income) ranks 6th of 156 countries.
Across the 4 decades both report, Bahamas averaged higher in 2 and Latin America & Caribbean (excluding high income) in 2.
Head to head by decade
| Decade | Bahamas | Latin America & Caribbean (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.0% | 42.0% | 36.0% | Latin America & Caribbean (excluding high income) |
| 2000s | 18.2% | 42.0% | 23.8% | Latin America & Caribbean (excluding high income) |
| 2010s | 51.6% | 37.8% | 13.9% | Bahamas |
| 2020s | 59.7% | 35.5% | 24.2% | Bahamas |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Bahamas or Latin America & Caribbean (excluding high income)?
- Bahamas, at 58.7% against 36.1% in Latin America & Caribbean (excluding high income) as of 2024.
- What is the difference in taxes on goods and services between Bahamas and Latin America & Caribbean (excluding high income)?
- 22.6%, with Bahamas ahead.
- How many years of comparable data are there for Bahamas and Latin America & Caribbean (excluding high income)?
- 25 years are reported by both, from 1998 to 2024.
- How do Bahamas and Latin America & Caribbean (excluding high income) rank globally for taxes on goods and services?
- Bahamas ranks 3rd and Latin America & Caribbean (excluding high income) ranks 6th of 156 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on goods and services (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.