Revenue Statistics in Latin America and the Caribbean - Comparative in Barbados
Barbados: Revenue Statistics in Latin America and the Caribbean - Comparative was 30.74 Percentage of GDP in 2024. ▲ Rising
Revenue Statistics in Latin America and the Caribbean - Comparative in Barbados, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, revenue statistics in latin america and the caribbean - comparative in Barbados stood at 30.74 Percentage of GDP. 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, revenue statistics in latin america and the caribbean - comparative in Barbados peaked at 30.74 Percentage of GDP in 2024 and was at its lowest, 24.61 Percentage of GDP, in 1990.
That places Barbados 2nd out of 29 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
Revenue Statistics in Latin America and the Caribbean - Comparative 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% |
Barbados compared with similar countries
- Barbados's 30.74 Percentage of GDP is above the median for Latin America & Caribbean, which is 21.28 Percentage of GDP, 1.4× the median. (29 countries reporting)
- Barbados's 30.74 Percentage of GDP is above the median for high income countries, which is 20.48 Percentage of GDP, 1.5× the median. (9 countries reporting)
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)
- 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 revenue statistics in latin america and the caribbean - comparative in Barbados?
- Revenue statistics in latin america and the caribbean - comparative in Barbados was 30.74 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest revenue statistics in latin america and the caribbean - comparative recorded in Barbados?
- The highest recorded value was 30.74 Percentage of GDP in 2024.
- What is the lowest revenue statistics in latin america and the caribbean - comparative recorded in Barbados?
- The lowest recorded value was 24.61 Percentage of GDP in 1990.
- How does Barbados rank for revenue statistics in latin america and the caribbean - comparative?
- Barbados ranks 2nd out of 29 countries with data for 2024.
- Is revenue statistics in latin america and the caribbean - comparative 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 Revenue Statistics in Latin America and the Caribbean - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data from Revenue Statistics in Latin America and the Caribbean countries presented as a percentage of GDP and as a share of total tax revenues 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.