Share of central government spending funded by taxes in Bahamas
Bahamas: Share of central government spending funded by taxes was 73.0% in 2023. ▼ Falling
Share of central government spending funded by taxes in Bahamas, 2000–2023
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
Bahamas recorded 73.0% for share of central government spending funded by taxes in 2023.
That represents a change of up 12.5% on the previous year and up 13.9% over ten years.
Over the whole period, share of central government spending funded by taxes in Bahamas peaked at 94.0% in 2000 and was at its lowest, 49.7%, in 2021.
That places Bahamas 31st out of 174 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Share of central government spending funded by taxes in Bahamas, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 94.0% | — |
| 2001 | 85.9% | -8.6% |
| 2002 | 78.6% | -8.5% |
| 2003 | 77.2% | -1.7% |
| 2004 | 76.3% | -1.2% |
| 2005 | 81.0% | +6.2% |
| 2006 | 86.4% | +6.6% |
| 2007 | 85.2% | -1.4% |
| 2008 | 84.2% | -1.2% |
| 2009 | 71.9% | -14.5% |
| 2010 | 64.2% | -10.7% |
| 2011 | 71.2% | +10.8% |
| 2012 | 65.7% | -7.7% |
| 2013 | 64.1% | -2.4% |
| 2014 | 64.2% | +0.2% |
| 2015 | 71.1% | +10.7% |
| 2016 | 73.0% | +2.7% |
| 2017 | 67.4% | -7.7% |
| 2018 | 74.7% | +10.8% |
| 2019 | 83.1% | +11.3% |
| 2020 | 64.1% | -22.9% |
| 2021 | 49.7% | -22.5% |
| 2022 | 64.9% | +30.5% |
| 2023 | 73.0% | +12.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 82.1% | 71.9% | 94.0% | 10 |
| 2010s | 69.9% | 64.1% | 83.1% | 10 |
| 2020s | 62.9% | 49.7% | 73.0% | 4 |
Countries ranked near Bahamas
- 28 Antigua and Barbuda 74.1% compare
- 29 Kazakhstan 73.4% compare
- 30 Iceland 73.2% compare
- 32 United Arab Emirates 72.9% compare
- 33 Suriname 72.8% compare
- 34 Papua New Guinea 71.6% compare
More economy & growth data for Bahamas
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9419 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 162.94 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0103 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 406.05 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 240.55 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -25.4 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0152 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 599.46 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.79 % change on previous year (2024)
Frequently asked questions
- What is share of central government spending funded by taxes in Bahamas?
- Share of central government spending funded by taxes in Bahamas was 73.0% in 2023, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest share of central government spending funded by taxes recorded in Bahamas?
- The highest recorded value was 94.0% in 2000.
- What is the lowest share of central government spending funded by taxes recorded in Bahamas?
- The lowest recorded value was 49.7% in 2021.
- How does Bahamas rank for share of central government spending funded by taxes?
- Bahamas ranks 31st out of 174 countries with data for 2023.
- Is share of central government spending funded by taxes rising or falling in Bahamas?
- Over the last ten years it is up 13.9%. The long-run trend across the full record is falling.
- Where does this Bahamas data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Share of central government spending funded by taxes. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Spending refers to the budgetary central government which includes the core institutions of the national government. Funds only include taxes; Fines, penalties, and most social security contributions are excluded.