Customs and other import duties (current LCU) in Barbados
Barbados: Customs and other import duties (current LCU) was 245.19 million current LCU in 2016. ▲ Rising
Customs and other import duties in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for customs and other import duties in Barbados is 245.19 million current LCU, measured in 2016. That is the highest value across all 14 years on record.
That represents a change of up 5.8% on the previous year and up 36.8% over ten years.
Over the whole period, customs and other import duties in Barbados peaked at 245.19 million current LCU in 2016 and was at its lowest, 160.32 million current LCU, in 2003.
That places Barbados 108th out of 152 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Customs and other import duties (current LCU) in Barbados, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 160.32 million current LCU | — |
| 2004 | 194.10 million current LCU | +21.1% |
| 2005 | 180.46 million current LCU | -7.0% |
| 2006 | 179.27 million current LCU | -0.7% |
| 2007 | 216.93 million current LCU | +21.0% |
| 2008 | 219.45 million current LCU | +1.2% |
| 2009 | 177.98 million current LCU | -18.9% |
| 2010 | 190.80 million current LCU | +7.2% |
| 2011 | 195.61 million current LCU | +2.5% |
| 2012 | 201.19 million current LCU | +2.8% |
| 2013 | 193.59 million current LCU | -3.8% |
| 2014 | 223.67 million current LCU | +15.5% |
| 2015 | 231.65 million current LCU | +3.6% |
| 2016 | 245.19 million current LCU | +5.8% |
Barbados compared with similar countries
- Barbados's 245.19 million current LCU is above the median for high income countries, which is 83.80 million current LCU, 2.9× the median. (54 countries reporting)
- Barbados's 245.19 million current LCU is below the median for Latin America & Caribbean, which is 3.44 billion current LCU, 7% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 189.79 million current LCU | 160.32 million current LCU | 219.45 million current LCU | 7 |
| 2010s | 211.67 million current LCU | 190.80 million current LCU | 245.19 million current LCU | 7 |
Countries ranked near Barbados
More public sector data for Barbados
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 10.00 million SIPRI trend indicator values (2009)
- Arms imports (SIPRI trend indicator values), per capita 36.48 SIPRI trend indicator values per person (2009)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0022 SIPRI trend indicator values per US$ of GDP (2009)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2009)
Frequently asked questions
- What is customs and other import duties in Barbados?
- Customs and other import duties in Barbados was 245.19 million current LCU in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Barbados?
- The highest recorded value was 245.19 million current LCU in 2016.
- What is the lowest customs and other import duties recorded in Barbados?
- The lowest recorded value was 160.32 million current LCU in 2003.
- How does Barbados rank for customs and other import duties?
- Barbados ranks 108th out of 152 countries with data for 2016.
- Is customs and other import duties rising or falling in Barbados?
- Over the last ten years it is up 36.8%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.