Government revenues as a share of GDP in Barbados
Barbados: Government revenues as a share of GDP was 29.7% in 2016. ▼ Falling
Government revenues as a share of GDP in Barbados, 2003–2016
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
Barbados recorded 29.7% for government revenues as a share of gdp in 2016.
That represents a change of up 10.5% on the previous year and up 12.8% over ten years.
Over the whole period, government revenues as a share of gdp in Barbados peaked at 35.8% in 2004 and was at its lowest, 24.7%, in 2013.
Barbados ranks 86th of 174 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.
Government revenues as a share of GDP in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 35.5% | — |
| 2004 | 35.8% | +1.0% |
| 2005 | 28.0% | -21.8% |
| 2006 | 26.4% | -5.8% |
| 2007 | 27.1% | +2.8% |
| 2008 | 27.4% | +1.1% |
| 2009 | 28.4% | +3.5% |
| 2010 | 26.6% | -6.1% |
| 2011 | 27.9% | +4.8% |
| 2012 | 26.3% | -5.6% |
| 2013 | 24.7% | -6.0% |
| 2014 | 25.5% | +3.2% |
| 2015 | 26.9% | +5.4% |
| 2016 | 29.7% | +10.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.8% | 26.4% | 35.8% | 7 |
| 2010s | 26.8% | 24.7% | 29.7% | 7 |
Countries ranked near Barbados
- 83 Türkiye 30.3% compare
- 84 Belize 29.9% compare
- 85 United States of America 29.9% compare
- 87 United Arab Emirates 29.5% compare
- 88 Botswana 29.4% compare
- 89 Mozambique 29.3% compare
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)
- Agriculture, forestry, and fishing, value added (current LCU), annual -1.03 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0311 current LCU per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 836.37 current LCU per person (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0122 constant 2015 US$ per US$ of GDP (2024)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 327.59 constant 2015 US$ per person (2024)
- Agriculture, forestry, and fishing, value added (constant LCU) -4.25 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (constant LCU), per 0.0301 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is government revenues as a share of gdp in Barbados?
- Government revenues as a share of gdp in Barbados was 29.7% in 2016, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest government revenues as a share of gdp recorded in Barbados?
- The highest recorded value was 35.8% in 2004.
- What is the lowest government revenues as a share of gdp recorded in Barbados?
- The lowest recorded value was 24.7% in 2013.
- How does Barbados rank for government revenues as a share of gdp?
- Barbados ranks 86th out of 174 countries with data for 2016.
- Is government revenues as a share of gdp rising or falling in Barbados?
- Over the last ten years it is up 12.8%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Government revenues as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included.