Taxes on international trade (% of revenue) in Barbados
Barbados: Taxes on international trade (% of revenue) was 8.6% in 2016. ▼ Falling
Taxes on international trade in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2016, taxes on international trade in Barbados stood at 8.6%.
The figure is down 6.3% on the previous year and up 5.5% over ten years.
Over the whole period, taxes on international trade in Barbados peaked at 9.9% in 2004 and was at its lowest, 7.3%, in 2009.
Barbados ranks 45th of 154 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 international trade (% of revenue) in Barbados, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2003 | 9.1% | — |
| 2004 | 9.9% | +8.7% |
| 2005 | 9.5% | -4.5% |
| 2006 | 8.1% | -14.1% |
| 2007 | 8.6% | +5.4% |
| 2008 | 8.4% | -2.1% |
| 2009 | 7.3% | -12.6% |
| 2010 | 8.4% | +14.5% |
| 2011 | 7.7% | -7.8% |
| 2012 | 8.4% | +8.1% |
| 2013 | 8.4% | +0.8% |
| 2014 | 9.4% | +11.5% |
| 2015 | 9.2% | -2.7% |
| 2016 | 8.6% | -6.3% |
Barbados compared with similar countries
- Barbados's 8.6% is above the median for high income countries, which is 0.4%, 19.3× the median. (55 countries reporting)
- Barbados's 8.6% is above the median for Latin America & Caribbean, which is 4.7%, 1.8× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.7% | 7.3% | 9.9% | 7 |
| 2010s | 8.6% | 7.7% | 9.4% | 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 international trade in Barbados?
- Taxes on international trade in Barbados was 8.6% in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Barbados?
- The highest recorded value was 9.9% in 2004.
- What is the lowest taxes on international trade recorded in Barbados?
- The lowest recorded value was 7.3% in 2009.
- How does Barbados rank for taxes on international trade?
- Barbados ranks 45th out of 154 countries with data for 2016.
- Is taxes on international trade rising or falling in Barbados?
- Over the last ten years it is up 5.5%. 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 international trade (% 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 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.