Taxes on income vs. taxes on goods and services in Barbados
Barbados: Taxes on income vs. taxes on goods and services was 11.2% in 2018. ▲ Rising
Taxes on income vs. taxes on goods and services in Barbados, 1981–2018
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 taxes on income vs. taxes on goods and services in Barbados is 11.2%, measured in 2018.
The figure is down 8.2% on the previous year and up 10.0% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Barbados peaked at 12.4% in 2016 and was at its lowest, 4.7%, in 1981.
Barbados ranks 51st of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 38 years of available data.
Taxes on income vs. taxes on goods and services in Barbados, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 4.7% | — |
| 1982 | 5.0% | +7.0% |
| 1983 | 5.0% | -0.4% |
| 1984 | 5.4% | +7.3% |
| 1985 | 5.5% | +3.5% |
| 1986 | 5.3% | -4.2% |
| 1987 | 5.5% | +3.5% |
| 1988 | 6.0% | +9.5% |
| 1989 | 6.5% | +8.2% |
| 1990 | 7.9% | +21.1% |
| 1991 | 7.0% | -11.8% |
| 1992 | 8.3% | +19.9% |
| 1993 | 7.8% | -6.0% |
| 1994 | 8.5% | +8.3% |
| 1995 | 8.7% | +1.9% |
| 1996 | 9.0% | +3.4% |
| 1997 | 9.2% | +2.3% |
| 1998 | 11.8% | +29.1% |
| 1999 | 11.6% | -1.5% |
| 2000 | 11.0% | -5.7% |
| 2001 | 11.4% | +3.4% |
| 2002 | 11.1% | -1.9% |
| 2003 | 10.7% | -4.0% |
| 2004 | 11.7% | +9.4% |
| 2005 | 11.6% | -0.5% |
| 2006 | 10.5% | -9.7% |
| 2007 | 10.3% | -1.6% |
| 2008 | 10.2% | -1.5% |
| 2009 | 9.9% | -2.8% |
| 2010 | 10.5% | +5.9% |
| 2011 | 12.1% | +15.5% |
| 2012 | 10.9% | -9.7% |
| 2013 | 10.8% | -1.4% |
| 2014 | 9.9% | -8.1% |
| 2015 | 11.6% | +17.1% |
| 2016 | 12.4% | +6.5% |
| 2017 | 12.2% | -1.3% |
| 2018 | 11.2% | -8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.4% | 4.7% | 6.5% | 9 |
| 1990s | 9.0% | 7.0% | 11.8% | 10 |
| 2000s | 10.8% | 9.9% | 11.7% | 10 |
| 2010s | 11.3% | 9.9% | 12.4% | 9 |
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 taxes on income vs. taxes on goods and services in Barbados?
- Taxes on income vs. taxes on goods and services in Barbados was 11.2% in 2018, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Barbados?
- The highest recorded value was 12.4% in 2016.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Barbados?
- The lowest recorded value was 4.7% in 1981.
- How does Barbados rank for taxes on income vs. taxes on goods and services?
- Barbados ranks 51st out of 187 countries with data for 2018.
- Is taxes on income vs. taxes on goods and services rising or falling in Barbados?
- Over the last ten years it is up 10.0%. The long-run trend across the full record is rising.
- Where does this Barbados 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 income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.