Bahamas, The—Taxes on Goods & Services (% of revenue)
Bahamas, The's taxes on goods & services (% of revenue) was 57.1% in 2023, ranking #2 out of 139 countries. This represents a -0.1% change from 2022. Over the past 24 years, the highest recorded value was 67.4% (2019) and the lowest was 9.6% (2003). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 57.1% | -0.1% |
| 2022 | 57.1% | -6.6% |
| 2021 | 61.1% | -5.3% |
| 2020 | 64.5% | -4.2% |
| 2019 | 67.4% | +7.8% |
| 2018 | 62.5% | +0.9% |
| 2017 | 61.9% | +6.7% |
| 2016 | 58.0% | +11.5% |
| 2015 | 52.1% | +21.7% |
| 2014 | 42.8% | +4.8% |
| 2013 | 40.8% | -6.8% |
| 2012 | 43.8% | -7.0% |
| 2011 | 47.1% | +18.0% |
| 2010 | 39.9% | +40.5% |
| 2009 | 28.4% | +156.1% |
| 2008 | 11.1% | -61.9% |
| 2007 | 29.1% | +11.4% |
| 2006 | 26.1% | +60.1% |
| 2005 | 16.3% | +31.6% |
| 2004 | 12.4% | +29.5% |
| 2003 | 9.6% | -16.7% |
| 2002 | 11.5% | +12.5% |
| 2001 | 10.2% | -19.6% |
| 2000 | 12.7% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).