Tax revenue as share of GDP in Bahamas
Bahamas: Tax revenue as share of GDP was 17.3% in 2023. ▲ Rising
Latest (2023)
17.3%
Change on year
up 5.0%
World rank
114th
of 192 countries
All-time high
18.7%
in 2020
All-time low
7.0%
in 1982
Years of data
43
1980–2023
Tax revenue as share of GDP in Bahamas, 1980–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for tax revenue as share of gdp in Bahamas is 17.3%, measured in 2023.
Compared with earlier readings it is up 5.0% on the previous year and up 47.6% over ten years.
Over the whole period, tax revenue as share of gdp in Bahamas peaked at 18.7% in 2020 and was at its lowest, 7.0%, in 1982.
That places Bahamas 114th out of 192 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 43 years of available data.
Tax revenue as share of GDP in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 7.7% | — |
| 1981 | 7.7% | +0.6% |
| 1982 | 7.0% | -9.1% |
| 1983 | 7.3% | +3.7% |
| 1984 | 7.5% | +3.1% |
| 1985 | 8.0% | +6.8% |
| 1986 | 8.0% | -0.6% |
| 1988 | 8.2% | +2.3% |
| 1989 | 7.4% | -9.8% |
| 1990 | 8.4% | +14.1% |
| 1991 | 8.3% | -1.6% |
| 1992 | 9.4% | +13.1% |
| 1993 | 9.3% | -0.2% |
| 1994 | 10.1% | +8.6% |
| 1995 | 10.5% | +3.7% |
| 1996 | 10.3% | -1.7% |
| 1997 | 10.4% | +0.5% |
| 1998 | 10.0% | -4.1% |
| 1999 | 10.3% | +3.6% |
| 2000 | 10.7% | +3.4% |
| 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 | 10.9% | -3.3% |
| 2011 | 12.9% | +18.4% |
| 2012 | 11.9% | -7.5% |
| 2013 | 11.7% | -1.8% |
| 2014 | 11.3% | -2.9% |
| 2015 | 12.9% | +13.3% |
| 2016 | 14.3% | +11.0% |
| 2017 | 15.0% | +5.2% |
| 2018 | 14.6% | -3.1% |
| 2019 | 16.9% | +16.1% |
| 2020 | 18.7% | +10.5% |
| 2021 | 14.2% | -24.0% |
| 2022 | 16.4% | +15.9% |
| 2023 | 17.3% | +5.0% |
Bahamas compared with similar countries
- Bahamas's 17.3% is below the median for high income countries, which is 29.8%, 58% of the median. (65 countries reporting)
- Bahamas's 17.3% is below the median for Latin America & Caribbean, which is 19.6%, 88% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.6% | 7.0% | 8.2% | 9 |
| 1990s | 9.7% | 8.3% | 10.5% | 10 |
| 2000s | 10.4% | 9.0% | 12.1% | 10 |
| 2010s | 13.2% | 10.9% | 16.9% | 10 |
| 2020s | 16.6% | 14.2% | 18.7% | 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 share of gdp in Bahamas?
- Tax revenue as share of gdp in Bahamas was 17.3% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest tax revenue as share of gdp recorded in Bahamas?
- The highest recorded value was 18.7% in 2020.
- What is the lowest tax revenue as share of gdp recorded in Bahamas?
- The lowest recorded value was 7.0% in 1982.
- How does Bahamas rank for tax revenue as share of gdp?
- Bahamas ranks 114th out of 192 countries with data for 2023.
- Is tax revenue as share of gdp rising or falling in Bahamas?
- Over the last ten years it is up 47.6%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Tax revenue as share of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
Direct and indirect taxes as well as social contributions included.