Taxes on international trade in Bahamas
Bahamas: Taxes on international trade was 23.6% in 2024. ▼ Falling
Taxes on international trade in Bahamas, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, taxes on international trade in Bahamas stood at 23.6%.
That represents a change of down 0.1% on the previous year and down 32.9% over ten years.
Over the whole period, taxes on international trade in Bahamas peaked at 64.7% in 1990 and was at its lowest, 15.7%, in 2021.
Bahamas ranks 7th of 154 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 35 years of available data.
Taxes on international trade in Bahamas, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 64.7% | — |
| 1991 | 62.2% | -3.8% |
| 1992 | 58.1% | -6.7% |
| 1993 | 59.7% | +2.9% |
| 1994 | 59.9% | +0.3% |
| 1995 | 56.9% | -5.0% |
| 1996 | 57.4% | +0.9% |
| 1997 | 58.6% | +2.1% |
| 1998 | 57.3% | -2.2% |
| 1999 | 56.7% | -1.0% |
| 2000 | 56.1% | -1.0% |
| 2001 | 57.5% | +2.4% |
| 2002 | 57.1% | -0.6% |
| 2003 | 58.7% | +2.8% |
| 2004 | 51.2% | -12.8% |
| 2005 | 55.0% | +7.3% |
| 2006 | 58.6% | +6.6% |
| 2007 | 44.8% | -23.6% |
| 2008 | 43.3% | -3.3% |
| 2009 | 50.5% | +16.6% |
| 2010 | 36.9% | -27.0% |
| 2011 | 36.5% | -0.9% |
| 2012 | 34.8% | -4.8% |
| 2013 | 40.0% | +14.9% |
| 2014 | 35.2% | -11.8% |
| 2015 | 28.3% | -19.8% |
| 2016 | 20.7% | -26.8% |
| 2017 | 20.8% | +0.7% |
| 2018 | 21.2% | +1.6% |
| 2019 | 18.3% | -13.3% |
| 2020 | 19.4% | +6.0% |
| 2021 | 15.7% | -19.4% |
| 2022 | 19.6% | +25.3% |
| 2023 | 23.7% | +20.5% |
| 2024 | 23.6% | -0.1% |
Bahamas compared with similar countries
- Bahamas's 23.6% is above the median for high income countries, which is 0.4%, 53.1× the median. (55 countries reporting)
- Bahamas's 23.6% is above the median for Latin America & Caribbean, which is 4.7%, 5.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 59.1% | 56.7% | 64.7% | 10 |
| 2000s | 53.3% | 43.3% | 58.7% | 10 |
| 2010s | 29.3% | 18.3% | 40.0% | 10 |
| 2020s | 20.4% | 15.7% | 23.7% | 5 |
Countries ranked near Bahamas
- 4 Botswana 32.6% compare
- 5 Saint Lucia 29.2% compare
- 6 Côte d'Ivoire 25.5% compare
- 8 Philippines 20.8% compare
- 9 Gabon 19.8% compare
- 10 Somalia 18.5% 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)
- Tax revenue 17.3% (2024)
- 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)
Frequently asked questions
- What is taxes on international trade in Bahamas?
- Taxes on international trade in Bahamas was 23.6% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Bahamas?
- The highest recorded value was 64.7% in 1990.
- What is the lowest taxes on international trade recorded in Bahamas?
- The lowest recorded value was 15.7% in 2021.
- How does Bahamas rank for taxes on international trade?
- Bahamas ranks 7th out of 154 countries with data for 2024.
- Is taxes on international trade rising or falling in Bahamas?
- Over the last ten years it is down 32.9%. The long-run trend across the full record is falling.
- 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 Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.