Tax revenue as a proportion of GDP in Barbados
Barbados: Tax revenue as a proportion of GDP was 23.4% in 2016. ▼ Falling
Latest (2016)
23.4%
Change on year
up 11.4%
World rank
26th
of 164 countries
All-time high
26.7%
in 2005
All-time low
19.0%
in 2013
Years of data
14
2003–2016
Tax revenue as a proportion of GDP in Barbados, 2003–2016
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Barbados recorded 23.4% for tax revenue as a proportion of gdp in 2016.
The figure is up 11.4% on the previous year and down 7.4% over ten years.
Over the whole period, tax revenue as a proportion of gdp in Barbados peaked at 26.7% in 2005 and was at its lowest, 19.0%, in 2013.
Barbados ranks 26th of 164 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Tax revenue as a proportion of GDP in Barbados, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 25.2% | — |
| 2004 | 25.8% | +2.1% |
| 2005 | 26.7% | +3.7% |
| 2006 | 25.3% | -5.4% |
| 2007 | 25.9% | +2.6% |
| 2008 | 25.4% | -2.1% |
| 2009 | 24.7% | -2.7% |
| 2010 | 19.7% | -20.1% |
| 2011 | 21.3% | +8.2% |
| 2012 | 19.6% | -8.3% |
| 2013 | 19.0% | -2.8% |
| 2014 | 19.6% | +3.2% |
| 2015 | 21.0% | +6.9% |
| 2016 | 23.4% | +11.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.6% | 24.7% | 26.7% | 7 |
| 2010s | 20.5% | 19.0% | 23.4% | 7 |
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 tax revenue as a proportion of gdp in Barbados?
- Tax revenue as a proportion of gdp in Barbados was 23.4% in 2016, according to United Nations Statistics Division, SDG Global Database.
- What is the highest tax revenue as a proportion of gdp recorded in Barbados?
- The highest recorded value was 26.7% in 2005.
- What is the lowest tax revenue as a proportion of gdp recorded in Barbados?
- The lowest recorded value was 19.0% in 2013.
- How does Barbados rank for tax revenue as a proportion of gdp?
- Barbados ranks 26th out of 164 countries with data for 2016.
- Is tax revenue as a proportion of gdp rising or falling in Barbados?
- Over the last ten years it is down 7.4%. The long-run trend across the full record is falling.
- Where does this Barbados 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 — 14 observations, free to reuse under UN SDG Global Database (open, attribution requested).