Global Revenue Statistics - Comparative tax revenues in Barbados
Barbados: Global Revenue Statistics - Comparative tax revenues was 30.74 Percentage of GDP in 2024. ▲ Rising
Global Revenue Statistics - Comparative tax revenues in Barbados, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for global revenue statistics - comparative tax revenues in Barbados is 30.74 Percentage of GDP, measured in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 7.2% on the previous year and up 21.5% over ten years.
Over the whole period, global revenue statistics - comparative tax revenues in Barbados peaked at 30.74 Percentage of GDP in 2024 and was at its lowest, 24.61 Percentage of GDP, in 1990.
Barbados ranks 36th of 135 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Global Revenue Statistics - Comparative tax revenues in Barbados, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1990 | 24.61 Percentage of GDP | — |
| 1991 | 25.56 Percentage of GDP | +3.8% |
| 1992 | 26.12 Percentage of GDP | +2.2% |
| 1993 | 24.69 Percentage of GDP | -5.4% |
| 1994 | 25.77 Percentage of GDP | +4.4% |
| 1995 | 26.93 Percentage of GDP | +4.5% |
| 1996 | 26.5 Percentage of GDP | -1.6% |
| 1997 | 29.99 Percentage of GDP | +13.2% |
| 1998 | 28.05 Percentage of GDP | -6.5% |
| 1999 | 28.03 Percentage of GDP | -0.1% |
| 2000 | 28.56 Percentage of GDP | +1.9% |
| 2001 | 29.02 Percentage of GDP | +1.6% |
| 2002 | 28.45 Percentage of GDP | -2.0% |
| 2003 | 29.81 Percentage of GDP | +4.8% |
| 2004 | 29.28 Percentage of GDP | -1.8% |
| 2005 | 29.08 Percentage of GDP | -0.7% |
| 2006 | 27.46 Percentage of GDP | -5.6% |
| 2007 | 26.78 Percentage of GDP | -2.5% |
| 2008 | 27.07 Percentage of GDP | +1.1% |
| 2009 | 26.46 Percentage of GDP | -2.2% |
| 2010 | 26.63 Percentage of GDP | +0.6% |
| 2011 | 27.23 Percentage of GDP | +2.3% |
| 2012 | 26.86 Percentage of GDP | -1.4% |
| 2013 | 25.83 Percentage of GDP | -3.8% |
| 2014 | 25.3 Percentage of GDP | -2.1% |
| 2015 | 27.35 Percentage of GDP | +8.1% |
| 2016 | 28.39 Percentage of GDP | +3.8% |
| 2017 | 29.72 Percentage of GDP | +4.7% |
| 2018 | 30.5 Percentage of GDP | +2.6% |
| 2019 | 29.73 Percentage of GDP | -2.5% |
| 2020 | 28.85 Percentage of GDP | -3.0% |
| 2021 | 30.72 Percentage of GDP | +6.5% |
| 2022 | 29.82 Percentage of GDP | -2.9% |
| 2023 | 28.68 Percentage of GDP | -3.8% |
| 2024 | 30.74 Percentage of GDP | +7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.63 Percentage of GDP | 24.61 Percentage of GDP | 29.99 Percentage of GDP | 10 |
| 2000s | 28.2 Percentage of GDP | 26.46 Percentage of GDP | 29.81 Percentage of GDP | 10 |
| 2010s | 27.75 Percentage of GDP | 25.3 Percentage of GDP | 30.5 Percentage of GDP | 10 |
| 2020s | 29.76 Percentage of GDP | 28.68 Percentage of GDP | 30.74 Percentage of GDP | 5 |
Countries ranked near Barbados
More economy & growth data for Barbados
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.52 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1.79 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 50,832 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 2.7 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7349 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 20,846 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 2.7 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1.71 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is global revenue statistics - comparative tax revenues in Barbados?
- Global revenue statistics - comparative tax revenues in Barbados was 30.74 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest global revenue statistics - comparative tax revenues recorded in Barbados?
- The highest recorded value was 30.74 Percentage of GDP in 2024.
- What is the lowest global revenue statistics - comparative tax revenues recorded in Barbados?
- The lowest recorded value was 24.61 Percentage of GDP in 1990.
- How does Barbados rank for global revenue statistics - comparative tax revenues?
- Barbados ranks 36th out of 135 countries with data for 2024.
- Is global revenue statistics - comparative tax revenues rising or falling in Barbados?
- Over the last ten years it is up 21.5%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Global Revenue Statistics - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data from countries included in Global Revenue Statistics, presented as a percentage of GDP and as a share of total tax revenue, as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related topics: Tax-to-GDP, Taxation, Tax structure, Tax mix, Regional average – change for each region, Domestic resource mobilisation, Public finance, Income tax, Social security contributions, Goods and services, Value added tax, VAT, Excise, Customs, Property tax.