Taxes less subsidies on products in Barbados
Barbados: Taxes less subsidies on products was 1.60 billion constant LCU in 2025. ▬ Flat
Taxes less subsidies on products in Barbados, 2006–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2025, taxes less subsidies on products in Barbados stood at 1.60 billion constant LCU. That is the highest value across all 20 years on record.
The figure is up 2.7% on the previous year and up 8.0% over ten years.
Over the whole period, taxes less subsidies on products in Barbados peaked at 1.60 billion constant LCU in 2025 and was at its lowest, 1.11 billion constant LCU, in 2021.
Barbados ranks 147th of 187 countries on this measure, in the bottom quarter.
Taxes less subsidies on products in Barbados, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2006 | 1.48 billion constant LCU | — |
| 2007 | 1.45 billion constant LCU | -1.9% |
| 2008 | 1.41 billion constant LCU | -2.3% |
| 2009 | 1.57 billion constant LCU | +10.8% |
| 2010 | 1.53 billion constant LCU | -2.2% |
| 2011 | 1.52 billion constant LCU | -0.8% |
| 2012 | 1.50 billion constant LCU | -1.7% |
| 2013 | 1.48 billion constant LCU | -1.2% |
| 2014 | 1.46 billion constant LCU | -1.0% |
| 2015 | 1.48 billion constant LCU | +1.2% |
| 2016 | 1.50 billion constant LCU | +1.6% |
| 2017 | 1.48 billion constant LCU | -1.5% |
| 2018 | 1.46 billion constant LCU | -1.5% |
| 2019 | 1.49 billion constant LCU | +2.3% |
| 2020 | 1.12 billion constant LCU | -24.9% |
| 2021 | 1.11 billion constant LCU | -0.9% |
| 2022 | 1.46 billion constant LCU | +31.2% |
| 2023 | 1.53 billion constant LCU | +4.6% |
| 2024 | 1.56 billion constant LCU | +2.0% |
| 2025 | 1.60 billion constant LCU | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.48 billion constant LCU | 1.41 billion constant LCU | 1.57 billion constant LCU | 4 |
| 2010s | 1.49 billion constant LCU | 1.46 billion constant LCU | 1.53 billion constant LCU | 10 |
| 2020s | 1.40 billion constant LCU | 1.11 billion constant LCU | 1.60 billion constant LCU | 6 |
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)
- Services, value added (current US$), annual growth rate 5.66 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.7584 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 20,399 current US$ per person (2024)
- Services, value added (current LCU), annual growth rate 5.66 % change on previous year (2024)
- Services, value added (current LCU), per unit of GDP 1.52 current LCU per US$ of GDP (2024)
- Services, value added (current LCU), per capita 40,799 current LCU per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 3.44 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.6429 constant 2015 US$ per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products in Barbados?
- Taxes less subsidies on products in Barbados was 1.60 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Barbados?
- The highest recorded value was 1.60 billion constant LCU in 2025.
- What is the lowest taxes less subsidies on products recorded in Barbados?
- The lowest recorded value was 1.11 billion constant LCU in 2021.
- How does Barbados rank for taxes less subsidies on products?
- Barbados ranks 147th out of 187 countries with data for 2025.
- Is taxes less subsidies on products rising or falling in Barbados?
- Over the last ten years it is up 8.0%. The long-run trend across the full record is flat.
- Where does this Barbados data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.