Tax revenue in Barbados
Barbados: Tax revenue was 2.66 billion current LCU in 2016. ▲ Rising
Tax revenue in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Barbados recorded 2.66 billion current LCU for tax revenue in 2016. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 10.9% on the previous year and up 24.5% over ten years.
Over the whole period, tax revenue in Barbados peaked at 2.66 billion current LCU in 2016 and was at its lowest, 1.62 billion current LCU, in 2003.
That places Barbados 139th out of 157 countries with data for 2016, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.09 billion current LCU | 1.62 billion current LCU | 2.43 billion current LCU | 7 |
| 2010s | 2.33 billion current LCU | 2.16 billion current LCU | 2.66 billion current LCU | 7 |
Countries ranked near Barbados
- 136 Fiji 3.24 billion current LCU compare
- 137 Solomon Islands 3.12 billion current LCU compare
- 138 Bahamas 2.74 billion current LCU compare
- 140 Seychelles 2.05 billion current LCU compare
- 141 Saint Lucia 983.42 million current LCU compare
- 142 Belize 967.44 million current LCU compare
More public sector data for Barbados
- Arms imports 10.00 million SIPRI trend indicator values (2009)
- Tax revenue 23.4% (2016)
- Taxes on income, profits and capital gains 30.0% (2016)
- Taxes on goods and services 45.9% (2016)
- Net investment in nonfinancial assets 1.1% (2016)
- Net lending (+) / net borrowing (-) -4.1% (2016)
- Interest payments 25.6% (2016)
- Grants and other revenue 7.5% (2016)
- Interest payments 22.5% (2016)
- Other taxes 8.0% (2016)
Frequently asked questions
- What is tax revenue in Barbados?
- Tax revenue in Barbados was 2.66 billion current LCU in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Barbados?
- The highest recorded value was 2.66 billion current LCU in 2016.
- What is the lowest tax revenue recorded in Barbados?
- The lowest recorded value was 1.62 billion current LCU in 2003.
- How does Barbados rank for tax revenue?
- Barbados ranks 139th out of 157 countries with data for 2016.
- Is tax revenue rising or falling in Barbados?
- Over the last ten years it is up 24.5%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.