Taxes on goods and services as share of GDP in Bahamas
Bahamas: Taxes on goods and services as share of GDP was 11.4% in 2023. ◆ Volatile
Taxes on goods and services 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
In 2023, taxes on goods and services as share of gdp in Bahamas stood at 11.4%.
That represents a change of up 0.3% on the previous year and up 535.7% over ten years.
Over the whole period, taxes on goods and services as share of gdp in Bahamas peaked at 13.5% in 2020 and was at its lowest, 0.3%, in 1993.
That places Bahamas 45th out of 187 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services as share of GDP in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1980 | 0.9% | — |
| 1981 | 0.9% | -2.2% |
| 1982 | 0.7% | -13.1% |
| 1983 | 0.9% | +20.9% |
| 1984 | 1.0% | +15.8% |
| 1985 | 0.9% | -14.8% |
| 1986 | 0.9% | +1.8% |
| 1988 | 1.1% | +20.1% |
| 1989 | 1.0% | -8.6% |
| 1990 | 1.2% | +22.2% |
| 1991 | 1.2% | +1.0% |
| 1992 | 0.5% | -59.3% |
| 1993 | 0.3% | -41.1% |
| 1994 | 0.6% | +92.9% |
| 1995 | 1.0% | +80.1% |
| 1996 | 0.6% | -41.0% |
| 1997 | 0.6% | +7.1% |
| 1998 | 0.7% | +14.0% |
| 1999 | 0.6% | -17.1% |
| 2000 | 1.5% | +141.5% |
| 2001 | 1.1% | -23.4% |
| 2002 | 1.1% | +1.7% |
| 2003 | 1.0% | -15.4% |
| 2004 | 1.3% | +33.0% |
| 2005 | 1.8% | +41.7% |
| 2006 | 3.3% | +79.5% |
| 2007 | 3.7% | +11.3% |
| 2008 | 1.5% | -58.9% |
| 2009 | 3.7% | +148.8% |
| 2010 | 3.7% | -2.2% |
| 2011 | 2.2% | -40.4% |
| 2012 | 1.9% | -10.8% |
| 2013 | 1.8% | -8.2% |
| 2014 | 2.4% | +31.8% |
| 2015 | 4.1% | +74.0% |
| 2016 | 7.1% | +72.7% |
| 2017 | 7.2% | +2.3% |
| 2018 | 10.1% | +39.6% |
| 2019 | 12.6% | +24.2% |
| 2020 | 13.5% | +7.7% |
| 2021 | 10.3% | -24.1% |
| 2022 | 11.3% | +10.4% |
| 2023 | 11.4% | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.9% | 0.7% | 1.1% | 9 |
| 1990s | 0.7% | 0.3% | 1.2% | 10 |
| 2000s | 2.0% | 1.0% | 3.7% | 10 |
| 2010s | 5.3% | 1.8% | 12.6% | 10 |
| 2020s | 11.6% | 10.3% | 13.5% | 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)
- Industry (including construction), value added (constant 2015 US$) 12.48 % change on previous year (2024)
- Industry (including construction), value added (constant 2015 US$) 0.079 constant 2015 US$ per US$ of GDP (2024)
- Industry (including construction), value added (constant 2015 US$) 3,117 constant 2015 US$ per person (2024)
- Industry (including construction), value added (constant LCU), annual 12.48 % change on previous year (2024)
- Industry (including construction), value added (constant LCU), per 0.0939 constant LCU per US$ of GDP (2024)
- Industry (including construction), value added (constant LCU), per 3,705 constant LCU per person (2024)
- Services, value added (current US$), annual growth rate 1.87 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.7719 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is taxes on goods and services as share of gdp in Bahamas?
- Taxes on goods and services as share of gdp in Bahamas was 11.4% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on goods and services as share of gdp recorded in Bahamas?
- The highest recorded value was 13.5% in 2020.
- What is the lowest taxes on goods and services as share of gdp recorded in Bahamas?
- The lowest recorded value was 0.3% in 1993.
- How does Bahamas rank for taxes on goods and services as share of gdp?
- Bahamas ranks 45th out of 187 countries with data for 2023.
- Is taxes on goods and services as share of gdp rising or falling in Bahamas?
- Over the last ten years it is up 535.7%. The long-run trend across the full record is volatile.
- 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 Taxes on goods and services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 43 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Tax revenue on goods and services (including sales taxes, value added taxes and excise duties) divided by gross domestic product, expressed as a percentage.