Tax revenue as a proportion of GDP in Bahamas
Bahamas: Tax revenue as a proportion of GDP was 16.2% in 2023. ▲ Rising
Latest (2023)
16.2%
Change on year
up 4.3%
World rank
87th
of 164 countries
All-time high
17.9%
in 2020
All-time low
9.0%
in 2002
Years of data
24
2000–2023
Tax revenue as a proportion of GDP in Bahamas, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Bahamas recorded 16.2% for tax revenue as a proportion of gdp in 2023.
The figure is up 4.3% on the previous year and up 37.6% over ten years.
Over the whole period, tax revenue as a proportion of gdp in Bahamas peaked at 17.9% in 2020 and was at its lowest, 9.0%, in 2002.
That places Bahamas 87th out of 164 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Tax revenue as a proportion of GDP in Bahamas, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 10.7% | — |
| 2001 | 9.9% | -7.7% |
| 2002 | 9.0% | -8.7% |
| 2003 | 9.3% | +3.2% |
| 2004 | 9.4% | +1.5% |
| 2005 | 10.0% | +6.1% |
| 2006 | 11.2% | +12.5% |
| 2007 | 11.4% | +1.0% |
| 2008 | 12.1% | +6.7% |
| 2009 | 11.3% | -7.2% |
| 2010 | 10.8% | -4.4% |
| 2011 | 13.0% | +20.9% |
| 2012 | 12.0% | -7.5% |
| 2013 | 11.8% | -2.2% |
| 2014 | 11.3% | -4.1% |
| 2015 | 12.7% | +12.5% |
| 2016 | 14.1% | +11.3% |
| 2017 | 14.8% | +4.6% |
| 2018 | 14.3% | -3.2% |
| 2019 | 16.6% | +15.6% |
| 2020 | 17.9% | +8.3% |
| 2021 | 13.4% | -25.3% |
| 2022 | 15.5% | +16.0% |
| 2023 | 16.2% | +4.3% |
Bahamas compared with similar countries
- Bahamas's 16.2% is below the median for high income countries, which is 19.8%, 82% of the median. (54 countries reporting)
- Bahamas's 16.2% is above the median for Latin America & Caribbean, which is 15.7%, 1.0× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.4% | 9.0% | 12.1% | 10 |
| 2010s | 13.1% | 10.8% | 16.6% | 10 |
| 2020s | 15.8% | 13.4% | 17.9% | 4 |
Countries ranked near Bahamas
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 tax revenue as a proportion of gdp in Bahamas?
- Tax revenue as a proportion of gdp in Bahamas was 16.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest tax revenue as a proportion of gdp recorded in Bahamas?
- The highest recorded value was 17.9% in 2020.
- What is the lowest tax revenue as a proportion of gdp recorded in Bahamas?
- The lowest recorded value was 9.0% in 2002.
- How does Bahamas rank for tax revenue as a proportion of gdp?
- Bahamas ranks 87th out of 164 countries with data for 2023.
- Is tax revenue as a proportion of gdp rising or falling in Bahamas?
- Over the last ten years it is up 37.6%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Tax revenue as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).