Taxes on income, profits and capital gains in Barbados
Barbados: Taxes on income, profits and capital gains 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 45th 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 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
- 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)
- Capital stock, General government, Constant prices, Percent of GDP 132.09 (2019)
- Capital stock, General government, Constant prices, Purchasing power 4.43 (2019)
- Taxes on goods and services 45.9% (2016)
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 45th 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.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.