Facts
- Tax revenue, % of GDP
- 23.4 % (2016)
- Tax revenue level
- 20–25% of GDP
- Taxes on income, profits and capital gains, % of revenue
- 32.4 % (2016)
- Taxes on goods and services, % of value added
- 13.1 % (2016)
- ISO code
- BRB
Sources: OECD Corporate Tax Statistics, OECD Tax Database, World Bank WDI (CC BY 4.0)
Tax revenue, % of GDP
| Period | Value |
|---|---|
| 2016 | 23.4 % |
| 2015 | 21.0 % |
| 2014 | 19.4 % |
| 2013 | 19.1 % |
| 2012 | 20.6 % |
| 2011 | 21.7 % |
| 2010 | 20.6 % |
| 2009 | 24.7 % |
| 2008 | 25.4 % |
| 2007 | 25.9 % |
| 2006 | 25.3 % |
| 2005 | 26.7 % |
Taxes on income, profits and capital gains, % of revenue
| Period | Value |
|---|---|
| 2016 | 32.4 % |
| 2015 | 31.4 % |
| 2014 | 31.4 % |
| 2013 | 29.6 % |
| 2012 | 33.1 % |
| 2011 | 31.9 % |
| 2010 | 34.1 % |
| 2009 | 37.0 % |
| 2008 | 36.9 % |
| 2007 | 38.6 % |
| 2006 | 38.3 % |
| 2005 | 35.3 % |
Taxes on goods and services, % of value added
| Period | Value |
|---|---|
| 2016 | 13.1 % |
| 2015 | 12.2 % |
| 2014 | 10.5 % |
| 2013 | 11.4 % |
| 2012 | 11.8 % |
| 2011 | 12.8 % |
| 2010 | 11.1 % |
| 2009 | 12.6 % |
| 2008 | 13.1 % |
| 2007 | 13.4 % |
| 2006 | 13.2 % |
| 2005 | 14.8 % |
Year by year · 14
| Country-year | Combined corporate income tax rate | Top statutory personal income tax rate | Tax revenue, % of GDP |
|---|---|---|---|
| Barbados 2016 | — | — | 23.4 % |
| Barbados 2015 | — | — | 21.0 % |
| Barbados 2014 | — | — | 19.4 % |
| Barbados 2013 | — | — | 19.1 % |
| Barbados 2012 | — | — | 20.6 % |
| Barbados 2011 | — | — | 21.7 % |
| Barbados 2010 | — | — | 20.6 % |
| Barbados 2009 | — | — | 24.7 % |
| Barbados 2008 | — | — | 25.4 % |
| Barbados 2007 | — | — | 25.9 % |
| Barbados 2006 | — | — | 25.3 % |
| Barbados 2005 | — | — | 26.7 % |
| Barbados 2004 | — | — | 25.8 % |
| Barbados 2003 | — | — | 25.2 % |