Barbados vs Iceland: Taxes on goods and services
Barbados
13.1%
in 2016
Iceland
13.0%
in 2023
Barbados rank
46th
Iceland rank
48th
Taxes on goods and services over time
- Barbados
- Iceland
How they compare
Barbados currently reports 13.1% against 13.0% in Iceland, a difference of 0.1%.
Across all 14 years both countries report, Iceland has been ahead every year.
Barbados ranks 46th and Iceland ranks 48th of 154 countries.
Iceland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Barbados | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.6% | 17.1% | 3.6% | Iceland |
| 2010s | 11.9% | 13.3% | 1.4% | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Barbados or Iceland?
- Barbados, at 13.1% against 13.0% in Iceland as of 2016.
- What is the difference in taxes on goods and services between Barbados and Iceland?
- 0.1%, with Barbados ahead.
- How many years of comparable data are there for Barbados and Iceland?
- 14 years are reported by both, from 2003 to 2016.
- How do Barbados and Iceland rank globally for taxes on goods and services?
- Barbados ranks 46th and Iceland ranks 48th of 154 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 (% value added of industry and services). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.