Customs and other import duties in Bahamas
Bahamas: Customs and other import duties was 9.4% in 2024. ▼ Falling
Customs and other import duties in Bahamas, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
In 2024, customs and other import duties in Bahamas stood at 9.4%. That is the lowest value across all 35 years on record.
That represents a change of down 6.1% on the previous year and down 64.8% over ten years.
Over the whole period, customs and other import duties in Bahamas peaked at 65.8% in 1990 and was at its lowest, 9.4%, in 2024.
That places Bahamas 53rd out of 151 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Customs and other import duties in Bahamas, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 1990 | 65.8% | — |
| 1991 | 62.2% | -5.5% |
| 1992 | 55.6% | -10.5% |
| 1993 | 55.9% | +0.5% |
| 1994 | 55.0% | -1.7% |
| 1995 | 51.4% | -6.5% |
| 1996 | 52.0% | +1.1% |
| 1997 | 52.5% | +1.0% |
| 1998 | 51.0% | -2.9% |
| 1999 | 50.2% | -1.5% |
| 2000 | 47.6% | -5.2% |
| 2001 | 50.2% | +5.3% |
| 2002 | 49.6% | -1.2% |
| 2003 | 51.2% | +3.3% |
| 2004 | 44.2% | -13.6% |
| 2005 | 47.2% | +6.7% |
| 2006 | 57.4% | +21.7% |
| 2007 | 42.1% | -26.7% |
| 2008 | 41.5% | -1.3% |
| 2009 | 51.8% | +24.8% |
| 2010 | 33.6% | -35.1% |
| 2011 | 28.4% | -15.5% |
| 2012 | 28.4% | +0.0% |
| 2013 | 28.5% | +0.2% |
| 2014 | 26.8% | -5.8% |
| 2015 | 20.5% | -23.7% |
| 2016 | 15.7% | -23.4% |
| 2017 | 15.5% | -1.0% |
| 2018 | 14.7% | -5.2% |
| 2019 | 12.9% | -12.2% |
| 2020 | 12.2% | -5.6% |
| 2021 | 11.9% | -2.3% |
| 2022 | 11.5% | -3.5% |
| 2023 | 10.1% | -12.6% |
| 2024 | 9.4% | -6.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 55.2% | 50.2% | 65.8% | 10 |
| 2000s | 48.3% | 41.5% | 57.4% | 10 |
| 2010s | 22.5% | 12.9% | 33.6% | 10 |
| 2020s | 11.0% | 9.4% | 12.2% | 5 |
Countries ranked near Bahamas
More public sector data for Bahamas
- Arms imports 12.00 million SIPRI trend indicator values (2017)
- Arms imports (SIPRI trend indicator values), per capita 30.73 SIPRI trend indicator values per person (2017)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2017)
- Arms imports (SIPRI trend indicator values), gaps filled 12.00 million SIPRI trend indicator values (2017)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,199 SIPRI trend indicator values per square kilometre (2017)
- Tax revenue 17.3% (2024)
- Capital stock, General government, Current prices, Domestic currency 2.72 (2019)
- Capital stock, General government, Constant prices, Percent of GDP 24.77 (2019)
- Capital stock, General government, Constant prices, Purchasing power 3.16 (2019)
- Taxes on goods and services 58.7% (2024)
Frequently asked questions
- What is customs and other import duties in Bahamas?
- Customs and other import duties in Bahamas was 9.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Bahamas?
- The highest recorded value was 65.8% in 1990.
- What is the lowest customs and other import duties recorded in Bahamas?
- The lowest recorded value was 9.4% in 2024.
- How does Bahamas rank for customs and other import duties?
- Bahamas ranks 53rd out of 151 countries with data for 2024.
- Is customs and other import duties rising or falling in Bahamas?
- Over the last ten years it is down 64.8%. The long-run trend across the full record is falling.
- Where does this Bahamas 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 (% of tax revenue). Statizoid updates them automatically from the source API.
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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 as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.