Revenue from corporate income taxes as a share of GDP in Barbados
Barbados: Revenue from corporate income taxes as a share of GDP was 2.7% in 2017. ▲ Rising
Revenue from corporate income taxes as a share of GDP in Barbados, 1993–2017
Source: International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data. Measured in %.
Analysis
Barbados recorded 2.7% for revenue from corporate income taxes as a share of gdp in 2017.
That represents a change of up 9.7% on the previous year and down 51.7% over ten years.
Over the whole period, revenue from corporate income taxes as a share of gdp in Barbados peaked at 5.6% in 2007 and was at its lowest, 1.9%, in 2013.
Barbados ranks 74th of 163 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Revenue from corporate income taxes as a share of GDP in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 2.1% | — |
| 1994 | 2.0% | -6.4% |
| 1995 | 2.6% | +29.0% |
| 1996 | 2.8% | +8.5% |
| 1997 | 2.7% | -3.4% |
| 1998 | 2.7% | -1.1% |
| 1999 | 2.9% | +7.9% |
| 2000 | 3.6% | +25.9% |
| 2001 | 4.1% | +11.3% |
| 2002 | 3.6% | -11.7% |
| 2003 | 3.4% | -4.3% |
| 2004 | 3.4% | -1.7% |
| 2005 | 4.7% | +39.7% |
| 2006 | 5.4% | +15.4% |
| 2007 | 5.6% | +3.9% |
| 2008 | 4.7% | -16.5% |
| 2009 | 4.3% | -7.9% |
| 2010 | 3.3% | -24.5% |
| 2011 | 3.1% | -6.5% |
| 2012 | 2.9% | -5.1% |
| 2013 | 1.9% | -34.1% |
| 2014 | 1.9% | +1.5% |
| 2015 | 2.7% | +37.8% |
| 2016 | 2.5% | -7.3% |
| 2017 | 2.7% | +9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.5% | 2.0% | 2.9% | 7 |
| 2000s | 4.3% | 3.4% | 5.6% | 10 |
| 2010s | 2.6% | 1.9% | 3.3% | 8 |
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)
- 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 revenue from corporate income taxes as a share of gdp in Barbados?
- Revenue from corporate income taxes as a share of gdp in Barbados was 2.7% in 2017, according to International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data.
- What is the highest revenue from corporate income taxes as a share of gdp recorded in Barbados?
- The highest recorded value was 5.6% in 2007.
- What is the lowest revenue from corporate income taxes as a share of gdp recorded in Barbados?
- The lowest recorded value was 1.9% in 2013.
- How does Barbados rank for revenue from corporate income taxes as a share of gdp?
- Barbados ranks 74th out of 163 countries with data for 2017.
- Is revenue from corporate income taxes as a share of gdp rising or falling in Barbados?
- Over the last ten years it is down 51.7%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data, published as part of Revenue from corporate income taxes as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
Corporate income taxes include natural resources taxes.