Social contributions (% of revenue) in Barbados
Barbados: Social contributions (% of revenue) was 0.0% in 2016. ◆ Volatile
Social contributions in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for social contributions in Barbados is 0.0%, measured in 2016. That is the lowest value across all 14 years on record.
That represents a change of down 61.8% on the previous year and down 84.7% over ten years.
Over the whole period, social contributions in Barbados peaked at 6.0% in 2004 and was at its lowest, 0.0%, in 2016.
Barbados ranks 107th of 112 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Social contributions (% of revenue) in Barbados, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2003 | 5.5% | — |
| 2004 | 6.0% | +9.2% |
| 2005 | 0.1% | -99.1% |
| 2006 | 0.1% | +4.3% |
| 2007 | 0.0% | -25.9% |
| 2008 | 0.0% | -10.4% |
| 2009 | 0.0% | -17.6% |
| 2010 | 0.0% | +8.1% |
| 2011 | 0.0% | -39.2% |
| 2012 | 0.0% | +0.2% |
| 2013 | 0.0% | -7.4% |
| 2014 | 0.0% | +1.3% |
| 2015 | 0.0% | +18.2% |
| 2016 | 0.0% | -61.8% |
Barbados compared with similar countries
- Barbados's 0.0% is below the median for high income countries, which is 28.1%, 0% of the median. (49 countries reporting)
- Barbados's 0.0% is below the median for Latin America & Caribbean, which is 11.0%, 0% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.7% | 0.0% | 6.0% | 7 |
| 2010s | 0.0% | 0.0% | 0.0% | 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 social contributions in Barbados?
- Social contributions in Barbados was 0.0% in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Barbados?
- The highest recorded value was 6.0% in 2004.
- What is the lowest social contributions recorded in Barbados?
- The lowest recorded value was 0.0% in 2016.
- How does Barbados rank for social contributions?
- Barbados ranks 107th out of 112 countries with data for 2016.
- Is social contributions rising or falling in Barbados?
- Over the last ten years it is down 84.7%. The long-run trend across the full record is volatile.
- 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 Social contributions (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.