Share of central government spending funded by taxes in Barbados
Barbados: Share of central government spending funded by taxes was 79.5% in 2016. ▼ Falling
Share of central government spending funded by taxes in Barbados, 2003–2016
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
The most recent figure for share of central government spending funded by taxes in Barbados is 79.5%, measured in 2016.
The figure is up 11.5% on the previous year and down 11.6% over ten years.
Over the whole period, share of central government spending funded by taxes in Barbados peaked at 89.9% in 2006 and was at its lowest, 64.2%, in 2013.
That places Barbados 20th out of 174 countries with data for 2016, putting it in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Share of central government spending funded by taxes in Barbados, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 70.5% | — |
| 2004 | 78.6% | +11.5% |
| 2005 | 88.0% | +11.9% |
| 2006 | 89.9% | +2.1% |
| 2007 | 74.8% | -16.8% |
| 2008 | 80.2% | +7.2% |
| 2009 | 72.2% | -10.0% |
| 2010 | 71.8% | -0.5% |
| 2011 | 80.6% | +12.3% |
| 2012 | 68.8% | -14.7% |
| 2013 | 64.2% | -6.6% |
| 2014 | 69.6% | +8.3% |
| 2015 | 71.3% | +2.4% |
| 2016 | 79.5% | +11.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 79.2% | 70.5% | 89.9% | 7 |
| 2010s | 72.2% | 64.2% | 80.6% | 7 |
Countries ranked near Barbados
- 17 Palestine, State of 80.3% compare
- 18 Seychelles 80.1% compare
- 19 Jamaica 79.5% compare
- 21 New Zealand 78.2% compare
- 21 Viet Nam 78.2% compare
- 23 Georgia 76.3% 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 share of central government spending funded by taxes in Barbados?
- Share of central government spending funded by taxes in Barbados was 79.5% in 2016, 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 Barbados?
- The highest recorded value was 89.9% in 2006.
- What is the lowest share of central government spending funded by taxes recorded in Barbados?
- The lowest recorded value was 64.2% in 2013.
- How does Barbados rank for share of central government spending funded by taxes?
- Barbados ranks 20th out of 174 countries with data for 2016.
- Is share of central government spending funded by taxes rising or falling in Barbados?
- Over the last ten years it is down 11.6%. 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 Share of central government spending funded by taxes. Statizoid updates them automatically from the source API.
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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.