Taxes less subsidies on products (constant LCU), per unit of GDP in Barbados
Barbados: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.1994 constant LCU per US$ of GDP in 2025. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Barbados, 2006–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (constant lcu), per unit of gdp in Barbados is 0.1994 constant LCU per US$ of GDP, measured in 2025.
Compared with earlier readings it is down 2.7% on the previous year and down 23.2% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Barbados peaked at 0.3508 constant LCU per US$ of GDP in 2009 and was at its lowest, 0.1869 constant LCU per US$ of GDP, in 2021.
Barbados ranks 115th of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Barbados, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2006 | 0.3499 constant LCU per US$ of GDP | — |
| 2007 | 0.3095 constant LCU per US$ of GDP | -11.6% |
| 2008 | 0.2953 constant LCU per US$ of GDP | -4.6% |
| 2009 | 0.3508 constant LCU per US$ of GDP | +18.8% |
| 2010 | 0.2824 constant LCU per US$ of GDP | -19.5% |
| 2011 | 0.2735 constant LCU per US$ of GDP | -3.2% |
| 2012 | 0.2725 constant LCU per US$ of GDP | -0.3% |
| 2013 | 0.2611 constant LCU per US$ of GDP | -4.2% |
| 2014 | 0.2573 constant LCU per US$ of GDP | -1.4% |
| 2015 | 0.2596 constant LCU per US$ of GDP | +0.9% |
| 2016 | 0.2647 constant LCU per US$ of GDP | +1.9% |
| 2017 | 0.2533 constant LCU per US$ of GDP | -4.3% |
| 2018 | 0.243 constant LCU per US$ of GDP | -4.1% |
| 2019 | 0.242 constant LCU per US$ of GDP | -0.4% |
| 2020 | 0.2076 constant LCU per US$ of GDP | -14.2% |
| 2021 | 0.1869 constant LCU per US$ of GDP | -10.0% |
| 2022 | 0.2118 constant LCU per US$ of GDP | +13.3% |
| 2023 | 0.2112 constant LCU per US$ of GDP | -0.3% |
| 2024 | 0.2049 constant LCU per US$ of GDP | -3.0% |
| 2025 | 0.1994 constant LCU per US$ of GDP | -2.7% |
Barbados compared with similar countries
- Barbados's 0.1994 constant LCU per US$ of GDP is above the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 2.2× the median. (66 countries reporting)
- Barbados's 0.1994 constant LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.3169 constant LCU per US$ of GDP, 63% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3264 constant LCU per US$ of GDP | 0.2953 constant LCU per US$ of GDP | 0.3508 constant LCU per US$ of GDP | 4 |
| 2010s | 0.2609 constant LCU per US$ of GDP | 0.242 constant LCU per US$ of GDP | 0.2824 constant LCU per US$ of GDP | 10 |
| 2020s | 0.2036 constant LCU per US$ of GDP | 0.1869 constant LCU per US$ of GDP | 0.2118 constant LCU per US$ of GDP | 6 |
Countries ranked near Barbados
- 112 Bosnia and Herzegovina 0.2292 constant LCU per US$ of GDP compare
- 113 Belize 0.2066 constant LCU per US$ of GDP compare
- 114 Saudi Arabia 0.2018 constant LCU per US$ of GDP compare
- 116 Georgia 0.1931 constant LCU per US$ of GDP compare
- 117 Argentina 0.1924 constant LCU per US$ of GDP compare
- 118 Turkey 0.1731 constant LCU per US$ of GDP 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)
- 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$), annual growth rate 2.97 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Barbados?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Barbados was 0.1994 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Barbados?
- The highest recorded value was 0.3508 constant LCU per US$ of GDP in 2009.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Barbados?
- The lowest recorded value was 0.1869 constant LCU per US$ of GDP in 2021.
- How does Barbados rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Barbados ranks 115th out of 189 countries with data for 2025.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Barbados?
- Over the last ten years it is down 23.2%. The long-run trend across the full record is falling.
- Where does this Barbados data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.