Central government revenues as a share of GDP in Barbados
Barbados: Central government revenues as a share of GDP was 25.2% in 2016. ▼ Falling
Central government revenues as a share of GDP in Barbados, 2003–2016
Source: International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Barbados recorded 25.2% for central government revenues as a share of gdp in 2016.
The figure is up 14.1% on the previous year and down 4.3% over ten years.
Over the whole period, central government revenues as a share of gdp in Barbados peaked at 28.6% in 2004 and was at its lowest, 20.4%, in 2013.
That places Barbados 80th out of 157 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.
Central government revenues as a share of GDP in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 28.3% | — |
| 2004 | 28.6% | +1.0% |
| 2005 | 28.0% | -2.2% |
| 2006 | 26.3% | -5.9% |
| 2007 | 27.0% | +2.7% |
| 2008 | 27.3% | +0.9% |
| 2009 | 27.9% | +2.4% |
| 2010 | 22.2% | -20.6% |
| 2011 | 23.2% | +4.7% |
| 2012 | 21.8% | -6.0% |
| 2013 | 20.4% | -6.3% |
| 2014 | 20.6% | +0.7% |
| 2015 | 22.1% | +7.4% |
| 2016 | 25.2% | +14.1% |
Barbados compared with similar countries
- Barbados's 25.2% is below the median for high income countries, which is 33.0%, 76% of the median. (57 countries reporting)
- Barbados's 25.2% is above the median for Latin America & Caribbean, which is 23.3%, 1.1× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.6% | 26.3% | 28.6% | 7 |
| 2010s | 22.2% | 20.4% | 25.2% | 7 |
Countries ranked near Barbados
- 77 Saint Vincent and the Grenadines 25.6% compare
- 78 Solomon Islands 25.4% compare
- 79 Iran, Islamic Republic of 25.4% compare
- 81 Eswatini 25.1% compare
- 82 Maldives 24.8% compare
- 83 Mauritius 24.7% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 18.57 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0024 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 65.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 303.06 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 34.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0399 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,073 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is central government revenues as a share of gdp in Barbados?
- Central government revenues as a share of gdp in Barbados was 25.2% in 2016, according to International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest central government revenues as a share of gdp recorded in Barbados?
- The highest recorded value was 28.6% in 2004.
- What is the lowest central government revenues as a share of gdp recorded in Barbados?
- The lowest recorded value was 20.4% in 2013.
- How does Barbados rank for central government revenues as a share of gdp?
- Barbados ranks 80th out of 157 countries with data for 2016.
- Is central government revenues as a share of gdp rising or falling in Barbados?
- Over the last ten years it is down 4.3%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from International Monetary Fund (IMF) Government Finance Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Central 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. Grants excluded.