Taxes on income, profits and capital gains (% of revenue) in Barbados
Barbados: Taxes on income, profits and capital gains (% of revenue) was 30.0% in 2016. ▼ Falling
Taxes on income, profits and capital gains in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Barbados recorded 30.0% for taxes on income, profits and capital gains in 2016.
That represents a change of up 1.1% on the previous year and down 18.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Barbados peaked at 37.0% in 2007 and was at its lowest, 27.6%, in 2013.
Barbados ranks 46th of 153 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 income, profits and capital gains (% of revenue) in Barbados, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2003 | 33.1% | — |
| 2004 | 30.1% | -9.0% |
| 2005 | 33.8% | +12.1% |
| 2006 | 36.8% | +9.0% |
| 2007 | 37.0% | +0.5% |
| 2008 | 34.2% | -7.4% |
| 2009 | 32.3% | -5.7% |
| 2010 | 31.6% | -1.9% |
| 2011 | 29.7% | -6.1% |
| 2012 | 30.7% | +3.5% |
| 2013 | 27.6% | -10.1% |
| 2014 | 28.9% | +4.6% |
| 2015 | 29.7% | +2.6% |
| 2016 | 30.0% | +1.1% |
Barbados compared with similar countries
- Barbados's 30.0% is above the median for high income countries, which is 24.5%, 1.2× the median. (55 countries reporting)
- Barbados's 30.0% is above the median for Latin America & Caribbean, which is 25.4%, 1.2× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.9% | 30.1% | 37.0% | 7 |
| 2010s | 29.8% | 27.6% | 31.6% | 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 taxes on income, profits and capital gains in Barbados?
- Taxes on income, profits and capital gains in Barbados was 30.0% in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Barbados?
- The highest recorded value was 37.0% in 2007.
- What is the lowest taxes on income, profits and capital gains recorded in Barbados?
- The lowest recorded value was 27.6% in 2013.
- How does Barbados rank for taxes on income, profits and capital gains?
- Barbados ranks 46th out of 153 countries with data for 2016.
- Is taxes on income, profits and capital gains rising or falling in Barbados?
- Over the last ten years it is down 18.5%. The long-run trend across the full record is falling.
- 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 Taxes on income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.