Statutory corporate income tax rate in Barbados
Barbados: Statutory corporate income tax rate was 25 in 2018. ▼ Falling
Latest (2018)
25
Change on year
unchanged
World rank
30th
of 91 countries
All-time high
40
in 2000
All-time low
25
in 2006
Years of data
19
2000–2018
Statutory corporate income tax rate in Barbados, 2000–2018
Source: Our World in Data.
Analysis
In 2018, statutory corporate income tax rate in Barbados stood at 25. That is the lowest value across all 19 years on record.
That represents a change of unchanged over ten years.
Over the whole period, statutory corporate income tax rate in Barbados peaked at 40 in 2000 and was at its lowest, 25, in 2006.
Barbados ranks 30th of 91 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Statutory corporate income tax rate in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 40 | — |
| 2001 | 40 | +0.0% |
| 2002 | 37.5 | -6.2% |
| 2003 | 36 | -4.0% |
| 2004 | 33 | -8.3% |
| 2005 | 30 | -9.1% |
| 2006 | 25 | -16.7% |
| 2007 | 25 | +0.0% |
| 2008 | 25 | +0.0% |
| 2009 | 25 | +0.0% |
| 2010 | 25 | +0.0% |
| 2011 | 25 | +0.0% |
| 2012 | 25 | +0.0% |
| 2013 | 25 | +0.0% |
| 2014 | 25 | +0.0% |
| 2015 | 25 | +0.0% |
| 2016 | 25 | +0.0% |
| 2017 | 25 | +0.0% |
| 2018 | 25 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 31.65 | 25 | 40 | 10 |
| 2010s | 25 | 25 | 25 | 9 |
Countries ranked near Barbados
- 27 Canada 26.8 compare
- 28 Luxembourg 26.01 compare
- 29 United States of America 25.84 compare
- 30 Austria 25 compare
- 30 Chile 25 compare
- 30 China 25 compare
- 30 Côte d'Ivoire 25 compare
- 30 Indonesia 25 compare
- 30 Jamaica 25 compare
- 30 Liberia 25 compare
- 30 Netherlands 25 compare
- 30 Panama 25 compare
- 30 Spain 25 compare
- 30 Uruguay 25 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)
- GDP (constant 2015 US$), annual growth rate 2.7 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.8114 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 23,014 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 2.7 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1.91 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 54,264 constant LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 6.82 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9546 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is statutory corporate income tax rate in Barbados?
- Statutory corporate income tax rate in Barbados was 25 in 2018, according to Our World in Data.
- What is the highest statutory corporate income tax rate recorded in Barbados?
- The highest recorded value was 40 in 2000.
- What is the lowest statutory corporate income tax rate recorded in Barbados?
- The lowest recorded value was 25 in 2006.
- How does Barbados rank for statutory corporate income tax rate?
- Barbados ranks 30th out of 91 countries with data for 2018.
- Is statutory corporate income tax rate rising or falling in Barbados?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Our World in Data, published as part of Statutory corporate income tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).