Home Barbados Government Tax Revenue

Barbados Tax Revenue

Tax revenue as % of GDP  GC.TAX.TOTL.GD.ZS

23.40% +2.39% (+11.4%)
Year 2016 Rank #123 Global Peak 26.73% (2005) Source World Bank

Barbados Tax Revenue (2003–2016)

Overview

Barbados's tax revenue stood at 23.40% in 2016, a rise of +2.39% from 2015. Barbados ranked 123rd globally.

Data & projection

Year Tax Revenue YoY change Rank
2016 23.40% +2.39% #123
2015 21.01% +1.36% #109
2014 19.65% +0.61% #97
2013 19.04% −0.54% #89
2012 19.58% −1.76% #94
2011 21.34% +1.61% #101
2010 19.73% −4.97% #92
2009 24.71% −0.69% #110
2008 25.40% −0.55% #105
2007 25.95% +0.66% #99
2006 25.29% −1.45% #94
2005 26.73% +0.96% #100
2004 25.77% +0.53% #99
2003 25.24% #96

Detected Pattern

Stagflation Risk
GDP growth below 2% combined with inflation above 8% and rising unemployment. The worst macro combination for policymakers.
Inflation 9.4% GDP growth -0.3% Unemployment 11.2%
Occurred 307 times, 117 successful
Inflation
26.9%
GDP growth
-4.2%
Unemployment
14.6%
Inflation
185.7%
GDP growth
-14.0%
Unemployment
60.8%
Inflation
14.4%
GDP growth
1.1%
Unemployment
9.1%
Inflation
33.9%
GDP growth
-1.5%
Unemployment
17.0%
Inflation
736.1%
GDP growth
1.7%
Unemployment
9.4%
Inflation
13.6%
GDP growth
1.3%
Unemployment
14.1%

Analysis

Barbados matched the Stagflation Risk pattern in 2011. Historically, 38% of countries showing this pattern (117 out of 307) saw tax revenue improve within 24 months. View full analysis →

Frequently Asked Questions

What is Barbados's tax revenue?

Barbados's tax revenue was 23.40% in 2016. Ranked 123rd globally. This represents a 11.4% increase from the previous year.

What was the highest tax revenue in Barbados?

Barbados's tax revenue peaked at 26.73% in 2005.

What was the lowest tax revenue in Barbados?

The lowest tax revenue in Barbados was 19.04% in 2013.

How does Barbados rank in tax revenue?

Barbados ranks 123rd globally in tax revenue as of 2016.

What is the World Bank indicator code for tax revenue?

The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.

What is the tax revenue of Barbados in 2016?

The tax revenue of Barbados in 2016 was 23.40%. This ranks 123rd in the world.

Cite this page

APA
Barbados Tax Revenue. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/barbados/tax-revenue
BibTeX
@misc{historysaid_barbados_tax-revenue, title = {Barbados Tax Revenue}, url = {https://historysaid.com/barbados/tax-revenue}, publisher = {HistorySaid}, year = {2026} }