Taxes on goods and services (current LCU), per unit of GDP in Barbados
Barbados: Taxes on goods and services (current LCU), per unit of GDP was 0.232 current LCU per US$ of GDP in 2016. ▼ Falling
Taxes on goods and services (current LCU), per unit of GDP in Barbados, 2003–2016
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Barbados recorded 0.232 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2016.
That represents a change of up 7.8% on the previous year and down 1.0% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Barbados peaked at 0.2567 current LCU per US$ of GDP in 2005 and was at its lowest, 0.1871 current LCU per US$ of GDP, in 2014.
Barbados ranks 105th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Barbados, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2003 | 0.232 current LCU per US$ of GDP | — |
| 2004 | 0.2551 current LCU per US$ of GDP | +10.0% |
| 2005 | 0.2567 current LCU per US$ of GDP | +0.7% |
| 2006 | 0.2344 current LCU per US$ of GDP | -8.7% |
| 2007 | 0.2332 current LCU per US$ of GDP | -0.5% |
| 2008 | 0.2297 current LCU per US$ of GDP | -1.5% |
| 2009 | 0.2245 current LCU per US$ of GDP | -2.3% |
| 2010 | 0.1984 current LCU per US$ of GDP | -11.6% |
| 2011 | 0.2308 current LCU per US$ of GDP | +16.3% |
| 2012 | 0.2086 current LCU per US$ of GDP | -9.6% |
| 2013 | 0.2035 current LCU per US$ of GDP | -2.5% |
| 2014 | 0.1871 current LCU per US$ of GDP | -8.1% |
| 2015 | 0.2153 current LCU per US$ of GDP | +15.1% |
| 2016 | 0.232 current LCU per US$ of GDP | +7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2379 current LCU per US$ of GDP | 0.2245 current LCU per US$ of GDP | 0.2567 current LCU per US$ of GDP | 7 |
| 2010s | 0.2108 current LCU per US$ of GDP | 0.1871 current LCU per US$ of GDP | 0.232 current LCU per US$ of GDP | 7 |
Countries ranked near Barbados
- 102 Belarus 0.2842 current LCU per US$ of GDP compare
- 103 Fiji 0.2832 current LCU per US$ of GDP compare
- 104 Belize 0.2352 current LCU per US$ of GDP compare
- 106 Saudi Arabia 0.2303 current LCU per US$ of GDP compare
- 107 Saint Lucia 0.195 current LCU per US$ of GDP compare
- 108 Malaysia 0.1736 current LCU per US$ of GDP compare
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 taxes on goods and services (current lcu), per unit of gdp in Barbados?
- Taxes on goods and services (current lcu), per unit of gdp in Barbados was 0.232 current LCU per US$ of GDP in 2016, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Barbados?
- The highest recorded value was 0.2567 current LCU per US$ of GDP in 2005.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Barbados?
- The lowest recorded value was 0.1871 current LCU per US$ of GDP in 2014.
- How does Barbados rank for taxes on goods and services (current lcu), per unit of gdp?
- Barbados ranks 105th out of 157 countries with data for 2016.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Barbados?
- Over the last ten years it is down 1.0%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.