Barbados - Tax revenue
Tax revenue (current LCU)
The value for Tax revenue (current LCU) in Barbados was 2,655,964,000 as of 2016. As the graph below shows, over the past 13 years this indicator reached a maximum value of 2,655,964,000 in 2016 and a minimum value of 1,620,375,000 in 2003.
Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 2003 | 1,620,375,000 |
| 2004 | 1,775,600,000 |
| 2005 | 2,042,267,000 |
| 2006 | 2,132,762,000 |
| 2007 | 2,426,718,000 |
| 2008 | 2,433,535,000 |
| 2009 | 2,207,266,000 |
| 2010 | 2,238,992,000 |
| 2011 | 2,417,521,000 |
| 2012 | 2,256,243,000 |
| 2013 | 2,158,077,000 |
| 2014 | 2,208,883,000 |
| 2015 | 2,394,448,000 |
| 2016 | 2,655,964,000 |
Tax revenue (% of GDP)
Tax revenue (% of GDP) in Barbados was 27.49 as of 2016. Its highest value over the past 13 years was 27.49 in 2016, while its lowest value was 23.07 in 2013.
Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 2003 | 25.24 |
| 2004 | 25.77 |
| 2005 | 26.73 |
| 2006 | 25.28 |
| 2007 | 25.96 |
| 2008 | 25.43 |
| 2009 | 24.71 |
| 2010 | 24.71 |
| 2011 | 25.95 |
| 2012 | 24.47 |
| 2013 | 23.07 |
| 2014 | 23.52 |
| 2015 | 25.39 |
| 2016 | 27.49 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
