Barbados Government Revenue
General government revenue as % of GDP GGR_NGDP
Barbados's government revenue was 27.41% in 2025, ranked 95th globally. This represents a 5.1% decrease from 2024. Data from IMF WEO, covering 1994–2025.
Overview
Barbados's government revenue stood at 27.41% in 2025, a decline of +1.46% from 2024. The IMF projects 27.41% by 2025. Barbados ranked 95th globally.
Barbados’ government revenue as a share of GDP has risen steadily over the 32‑year span from 23.43 percent in 1994 to 27.41 percent in 2025, placing the island nation at 95th in the global ranking. The upward trajectory accelerated after the all‑time trough of 21.84 percent recorded in 2013, reflecting fiscal consolidation and the expansion of tourism‑related tax bases, and reached a peak of 28.87 percent in 2024 before a modest pull‑back. This performance is comparable to peers such as Tunisia (27.49 percent) and Colombia (27.55 percent), which have similarly leveraged reforms to boost fiscal capacity. The modest decline from the 2024 high suggests a cautious fiscal stance amid external shocks, yet the long‑run trend remains positive. Continued diversification of revenue sources and resilience in the services sector will be pivotal for sustaining the upward momentum in forthcoming years.
Data & projection
| Year | Government Revenue | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 27.57% | - | - |
| 2029* IMF | 27.57% | - | - |
| 2028* IMF | 27.56% | - | - |
| 2027* IMF | 27.63% | - | - |
| 2026* IMF | 27.59% | - | - |
| 2025* IMF | 27.41% | - | - |
| 2025 | 27.41% | −1.46% | #95 |
| 2024 | 28.87% | +2.24% | #83 |
| 2023 | 26.64% | −0.89% | #99 |
| 2022 | 27.52% | +1.49% | #92 |
| 2021 | 26.03% | −2.10% | #93 |
| 2020 | 28.13% | +1.56% | #79 |
| 2019 | 26.57% | +0.25% | #97 |
| 2018 | 26.33% | +0.50% | #98 |
| 2017 | 25.83% | +0.22% | #101 |
| 2016 | 25.61% | +2.41% | #99 |
| 2015 | 23.20% | +0.68% | #116 |
| 2014 | 22.51% | +0.68% | #127 |
| 2013 | 21.84% | −1.53% | #133 |
| 2012 | 23.36% | −0.77% | #121 |
| 2011 | 24.13% | +2.13% | #111 |
Detected Pattern
Analysis
Barbados matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw government revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Barbados's government revenue was 27.41% in 2025. Ranked 95th globally. This represents a 5.1% decrease from the previous year.
Barbados's government revenue peaked at 28.87% in 2024.
The lowest government revenue in Barbados was 21.84% in 2013.
Barbados ranks 95th globally in government revenue as of 2025.
The World Bank indicator code is GGR_NGDP. Data sourced from IMF WEO.
Barbados's government revenue is projected to reach 27.41% by 2025 based on IMF projection.
The government revenue of Barbados in 2025 was 27.41%. This ranks 95th in the world.
Cite this page
@misc{historysaid_barbados_government-revenue,
title = {Barbados Government Revenue},
url = {https://historysaid.com/barbados/government-revenue/},
publisher = {HistorySaid},
year = {2026}
}