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Barbados Tax revenue (% of GDP) 2026: Interactive Chart & Historical Data

Tax revenue (% of GDP) in Barbados stood at 23.38% in 2016, according to World Bank. The latest value is up 2.38 percentage points from 21.01% in 2015. Ten years earlier, in 2006, the value was 25.29% (down 1.9 percentage points since). The highest value since 2003 was 26.73% in 2005, the lowest 19.06% in 2013. Barbados ranked 22nd highest of the 144 countries in this dataset in 2016; Iceland ranked first.

Data source: World Bank · Unit: % · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1972–2024
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What is Tax revenue (% of GDP)?

Tax revenue (% of GDP), measured in %, measures the total economic output of Barbados. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Barbados, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.

Key facts

What is the latest Tax revenue (% of GDP) in Barbados?

Tax revenue (% of GDP) in Barbados stood at 23.38% in 2016, according to World Bank.

Is Tax revenue (% of GDP) in Barbados rising or falling?

The latest value is up 2.38 percentage points from 21.01% in 2015. Ten years earlier, in 2006, the value was 25.29% (down 1.9 percentage points since).

How does Barbados rank for Tax revenue (% of GDP)?

Barbados ranked 22nd highest of the 144 countries in this dataset in 2016; Iceland ranked first.

What is the highest Tax revenue (% of GDP) on record in Barbados?

The highest value since 2003 was 26.73% in 2005, the lowest 19.06% in 2013.

Metadata for Tax revenue (% of GDP) in Barbados
IndicatorTax revenue (% of GDP)
CountryBarbados
CategoryMacroeconomics
Unit%
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Latest value: 23.38% (2016)

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Source:World Bank — series GC.TAX.TOTL.GD.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). Tax revenue (% of GDP) — Barbados [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/BRB. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS

MLA

World Bank. "Tax revenue (% of GDP) — Barbados." EconDash, 2026, https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/BRB. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS.

Chicago

World Bank. 2026. "Tax revenue (% of GDP) — Barbados." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/BRB. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS.

BibTeX
@misc{econdash_wdi_gc_tax_totl_gd_zs_brb,
  author = {{World Bank}},
  title = {{Tax revenue (\% of GDP) --- Barbados}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/wdi-gc-tax-totl-gd-zs/BRB},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS}
}