Taxes on income, profits and capital gains in Barbados
Barbados: Taxes on income, profits and capital gains was 32.4% 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 total taxes.
Analysis
In 2016, taxes on income, profits and capital gains in Barbados stood at 32.4%.
Compared with earlier readings it is up 3.2% on the previous year and down 15.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Barbados peaked at 38.6% in 2007 and was at its lowest, 29.6%, in 2013.
That places Barbados 99th out of 153 countries with data for 2016, putting it 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 total taxes | Change |
|---|---|---|
| 2003 | 37.3% | — |
| 2004 | 33.6% | -10.0% |
| 2005 | 35.3% | +5.2% |
| 2006 | 38.3% | +8.5% |
| 2007 | 38.6% | +0.6% |
| 2008 | 36.9% | -4.4% |
| 2009 | 37.0% | +0.4% |
| 2010 | 34.1% | -7.9% |
| 2011 | 31.9% | -6.2% |
| 2012 | 33.1% | +3.5% |
| 2013 | 29.6% | -10.4% |
| 2014 | 31.4% | +5.9% |
| 2015 | 31.4% | +0.2% |
| 2016 | 32.4% | +3.2% |
Barbados compared with similar countries
- Barbados's 32.4% is below the median for high income countries, which is 43.9%, 74% of the median. (55 countries reporting)
- Barbados's 32.4% is below the median for Latin America & Caribbean, which is 36.0%, 90% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.7% | 33.6% | 38.6% | 7 |
| 2010s | 32.0% | 29.6% | 34.1% | 7 |
Countries ranked near Barbados
More public sector data for Barbados
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Barbados?
- Taxes on income, profits and capital gains in Barbados was 32.4% 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 38.6% in 2007.
- What is the lowest taxes on income, profits and capital gains recorded in Barbados?
- The lowest recorded value was 29.6% in 2013.
- How does Barbados rank for taxes on income, profits and capital gains?
- Barbados ranks 99th 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 15.5%. 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.