Barbados—Taxes on Goods & Services (% of revenue)
Latest Value
45.9%
2016
YoY Change
-5.1%
2015 → 2016
Maximum
49.8%
2013
Minimum
39.6%
2009
CAGR
+0.9%
14 years
Last
45.9%
Previous
48.4%
Highest
49.8%
Lowest
39.6%
Unit
% of revenue
Source
World Bank World Development Indicators
Barbados's taxes on goods & services (% of revenue) was 45.9% in 2016. This represents a -5.1% change from 2015. Over the past 14 years, the highest recorded value was 49.8% (2013) and the lowest was 39.6% (2009). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2016 | 45.9% | -5.1% |
| 2015 | 48.4% | +9.0% |
| 2014 | 44.4% | -10.9% |
| 2013 | 49.8% | +5.5% |
| 2012 | 47.2% | -4.6% |
| 2011 | 49.4% | +10.6% |
| 2010 | 44.7% | +12.8% |
| 2009 | 39.6% | -5.6% |
| 2008 | 42.0% | -2.5% |
| 2007 | 43.0% | -3.2% |
| 2006 | 44.5% | -3.1% |
| 2005 | 45.9% | +3.4% |
| 2004 | 44.4% | +8.9% |
| 2003 | 40.7% |
Top Countries — Taxes on Goods & Services (% of revenue)
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).
Unit
% of revenue