The Bahamas - Taxes on goods and services

Taxes on goods and services (current LCU)

The value for Taxes on goods and services (current LCU) in The Bahamas was 1,634,363,000 as of 2019. As the graph below shows, over the past 27 years this indicator reached a maximum value of 1,634,363,000 in 2019 and a minimum value of 15,000,000 in 1993.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

Year Value
1992 25,600,000
1993 15,000,000
1994 30,500,000
1995 57,800,000
1996 35,900,000
1997 40,911,000
1998 50,328,000
1999 46,930,000
2000 119,100,000
2001 94,000,000
2002 102,100,000
2003 86,300,000
2004 117,130,000
2005 180,285,000
2006 334,525,000
2007 388,734,000
2008 158,400,000
2009 373,774,000
2010 515,745,500
2011 683,421,100
2012 665,211,800
2013 564,386,800
2014 628,785,500
2015 901,680,600
2016 1,154,571,000
2017 1,281,966,000
2018 1,275,736,000
2019 1,634,363,000

Taxes on goods and services (% of revenue)

Taxes on goods and services (% of revenue) in The Bahamas was 67.36 as of 2019. Its highest value over the past 27 years was 67.36 in 2019, while its lowest value was 2.82 in 1993.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1992 4.79
1993 2.82
1994 5.01
1995 8.75
1996 5.24
1997 5.62
1998 6.62
1999 5.40
2000 12.71
2001 10.22
2002 11.50
2003 9.58
2004 12.40
2005 16.32
2006 26.12
2007 29.09
2008 11.09
2009 28.39
2010 39.88
2011 47.07
2012 43.77
2013 40.81
2014 42.76
2015 52.06
2016 58.04
2017 61.92
2018 62.46
2019 67.36

Taxes on goods and services (% value added of industry and services)

Taxes on goods and services (% value added of industry and services) in The Bahamas was 14.41 as of 2019. Its highest value over the past 27 years was 14.41 in 2019, while its lowest value was 0.58 in 1993.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.

See also:

Year Value
1992 1.00
1993 0.58
1994 1.14
1995 2.06
1996 1.21
1997 0.72
1998 0.82
1999 0.67
2000 1.64
2001 1.23
2002 1.26
2003 1.05
2004 1.40
2005 1.97
2006 3.63
2007 4.00
2008 1.64
2009 4.06
2010 5.52
2011 7.39
2012 6.90
2013 5.86
2014 6.17
2015 8.62
2016 10.64
2017 11.68
2018 11.37
2019 14.41

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance