Customs and other import duties in Barbados
Barbados: Customs and other import duties was 9.2% in 2016. ▬ Flat
Customs and other import duties in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
The most recent figure for customs and other import duties in Barbados is 9.2%, measured in 2016.
That represents a change of down 4.6% on the previous year and up 9.8% over ten years.
Over the whole period, customs and other import duties in Barbados peaked at 10.9% in 2004 and was at its lowest, 8.1%, in 2009.
Barbados ranks 55th of 151 countries on this measure, in the middle of the range.
Customs and other import duties in Barbados, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 2003 | 9.9% | — |
| 2004 | 10.9% | +10.5% |
| 2005 | 8.8% | -19.2% |
| 2006 | 8.4% | -4.9% |
| 2007 | 8.9% | +6.3% |
| 2008 | 9.0% | +0.9% |
| 2009 | 8.1% | -10.6% |
| 2010 | 8.5% | +5.7% |
| 2011 | 8.1% | -5.0% |
| 2012 | 8.9% | +10.2% |
| 2013 | 9.0% | +0.6% |
| 2014 | 10.1% | +12.9% |
| 2015 | 9.7% | -4.5% |
| 2016 | 9.2% | -4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.2% | 8.1% | 10.9% | 7 |
| 2010s | 9.1% | 8.1% | 10.1% | 7 |
Countries ranked near Barbados
More public sector data for Barbados
- 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)
- Arms imports (SIPRI trend indicator values), per square kilometre 23,256 SIPRI trend indicator values per square kilometre (2009)
- Tax revenue 23.4% (2016)
- Capital stock, General government, Current prices, Domestic currency 9.85 (2019)
- Taxes on income, profits and capital gains 30.0% (2016)
- Capital stock, General government, Constant prices, Percent of GDP 132.09 (2019)
- Capital stock, General government, Constant prices, Purchasing power 4.43 (2019)
Frequently asked questions
- What is customs and other import duties in Barbados?
- Customs and other import duties in Barbados was 9.2% 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 10.9% in 2004.
- What is the lowest customs and other import duties recorded in Barbados?
- The lowest recorded value was 8.1% in 2009.
- How does Barbados rank for customs and other import duties?
- Barbados ranks 55th out of 151 countries with data for 2016.
- Is customs and other import duties rising or falling in Barbados?
- Over the last ten years it is up 9.8%. The long-run trend across the full record is flat.
- 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 (% 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.