Tax revenue in Bahamas
Bahamas: Tax revenue was 17.3% in 2024. ▲ Rising
Tax revenue in Bahamas, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Bahamas recorded 17.3% for tax revenue in 2024.
Compared with earlier readings it is up 6.7% on the previous year and up 53.1% over ten years.
Over the whole period, tax revenue in Bahamas peaked at 17.9% in 2020 and was at its lowest, 9.0%, in 2002.
Bahamas ranks 75th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Tax revenue in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 13.9% | — |
| 1991 | 13.6% | -1.6% |
| 1992 | 15.4% | +13.2% |
| 1993 | 15.4% | -0.2% |
| 1994 | 16.7% | +8.6% |
| 1995 | 17.3% | +3.8% |
| 1996 | 17.0% | -1.7% |
| 1997 | 10.4% | -39.0% |
| 1998 | 10.0% | -4.1% |
| 1999 | 10.3% | +3.5% |
| 2000 | 10.7% | +3.4% |
| 2001 | 9.9% | -7.7% |
| 2002 | 9.0% | -8.7% |
| 2003 | 9.3% | +3.2% |
| 2004 | 9.4% | +1.5% |
| 2005 | 10.0% | +6.1% |
| 2006 | 11.2% | +12.5% |
| 2007 | 11.4% | +1.0% |
| 2008 | 12.1% | +6.7% |
| 2009 | 11.3% | -7.2% |
| 2010 | 10.8% | -4.4% |
| 2011 | 13.0% | +20.9% |
| 2012 | 12.0% | -7.5% |
| 2013 | 11.8% | -2.2% |
| 2014 | 11.3% | -4.1% |
| 2015 | 12.7% | +12.5% |
| 2016 | 14.1% | +11.3% |
| 2017 | 14.8% | +4.6% |
| 2018 | 14.3% | -3.2% |
| 2019 | 16.6% | +15.6% |
| 2020 | 17.9% | +8.3% |
| 2021 | 13.4% | -25.3% |
| 2022 | 15.5% | +16.0% |
| 2023 | 16.2% | +4.3% |
| 2024 | 17.3% | +6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.0% | 10.0% | 17.3% | 10 |
| 2000s | 10.4% | 9.0% | 12.1% | 10 |
| 2010s | 13.1% | 10.8% | 16.6% | 10 |
| 2020s | 16.1% | 13.4% | 17.9% | 5 |
Countries ranked near Bahamas
- 72 Türkiye 17.6% compare
- 73 Kiribati 17.5% compare
- 74 Azerbaijan 17.3% compare
- 76 San Marino 17.3% compare
- 77 Marshall Islands 17.2% compare
- 78 Bolivia, Plurinational State of 17.0% compare
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)
- 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)
- Net investment in nonfinancial assets 1.6% (2024)
Frequently asked questions
- What is tax revenue in Bahamas?
- Tax revenue in Bahamas was 17.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Bahamas?
- The highest recorded value was 17.9% in 2020.
- What is the lowest tax revenue recorded in Bahamas?
- The lowest recorded value was 9.0% in 2002.
- How does Bahamas rank for tax revenue?
- Bahamas ranks 75th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Bahamas?
- Over the last ten years it is up 53.1%. The long-run trend across the full record is rising.
- 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 Tax revenue (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.