Barbados—Tax Revenue (% of GDP)
Latest Value
23.4%
2016
YoY Change
+11.3%
2015 → 2016
Maximum
26.7%
2005
Minimum
19.1%
2013
CAGR
-0.6%
14 years
Last
23.4%
Previous
21.0%
Highest
26.7%
Lowest
19.1%
Unit
% of GDP
Source
World Bank World Development Indicators
Barbados's tax revenue (% of GDP) was 23.4% in 2016. This represents a +11.3% change from 2015. Over the past 14 years, the highest recorded value was 26.7% (2005) and the lowest was 19.1% (2013). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2016 | 23.4% | +11.3% |
| 2015 | 21.0% | +8.1% |
| 2014 | 19.4% | +1.9% |
| 2013 | 19.1% | -7.3% |
| 2012 | 20.6% | -5.4% |
| 2011 | 21.7% | +5.4% |
| 2010 | 20.6% | -16.5% |
| 2009 | 24.7% | -2.7% |
| 2008 | 25.4% | -2.1% |
| 2007 | 25.9% | +2.6% |
| 2006 | 25.3% | -5.4% |
| 2005 | 26.7% | +3.7% |
| 2004 | 25.8% | +2.1% |
| 2003 | 25.2% |
Top Countries — Tax Revenue (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Lesotho | 35.4% | 2024 |
| 2 | Namibia | 33.9% | 2024 |
| 3 | Denmark | 33.4% | 2024 |
| 4 | New Zealand | 29.5% | 2024 |
| 5 | Luxembourg | 28.6% | 2024 |
| 6 | Macao | 27.4% | 2024 |
| 7 | Greece | 27.4% | 2024 |
| 8 | Sweden | 27.2% | 2024 |
| 9 | United Kingdom | 26.9% | 2024 |
| 10 | South Africa | 25.9% | 2024 |
About This Indicator
Definition
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Unit
% of GDP