Tax revenue in Bahamas
Bahamas: Tax revenue was 2.74 billion current LCU in 2024. ◆ Volatile
Tax revenue in Bahamas, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Bahamas recorded 2.74 billion current LCU for tax revenue in 2024. That is the highest value across all 35 years on record.
That represents a change of up 10.6% on the previous year and up 117.6% over ten years.
Over the whole period, tax revenue in Bahamas peaked at 2.74 billion current LCU in 2024 and was at its lowest, 424.30 million current LCU, in 1991.
That places Bahamas 138th out of 157 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 570.69 million current LCU | 424.30 million current LCU | 793.26 million current LCU | 10 |
| 2000s | 989.21 million current LCU | 799.22 million current LCU | 1.28 billion current LCU | 10 |
| 2010s | 1.52 billion current LCU | 1.09 billion current LCU | 2.20 billion current LCU | 10 |
| 2020s | 2.17 billion current LCU | 1.61 billion current LCU | 2.74 billion current LCU | 5 |
Countries ranked near Bahamas
- 135 Malta 5.57 billion current LCU compare
- 136 Fiji 3.24 billion current LCU compare
- 137 Solomon Islands 3.12 billion current LCU compare
- 139 Barbados 2.66 billion current LCU compare
- 140 Seychelles 2.05 billion current LCU compare
- 141 Saint Lucia 983.42 million current LCU compare
More public sector data for Bahamas
- Arms imports 12.00 million SIPRI trend indicator values (2017)
- Tax revenue 17.3% (2024)
- Taxes on goods and services 58.7% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -1.2% (2024)
- Interest payments 20.0% (2024)
- Grants and other revenue 10.8% (2024)
- Interest payments 18.4% (2023)
- Other taxes 6.9% (2024)
- Compensation of employees 25.9% (2023)
Frequently asked questions
- What is tax revenue in Bahamas?
- Tax revenue in Bahamas was 2.74 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Bahamas?
- The highest recorded value was 2.74 billion current LCU in 2024.
- What is the lowest tax revenue recorded in Bahamas?
- The lowest recorded value was 424.30 million current LCU in 1991.
- How does Bahamas rank for tax revenue?
- Bahamas ranks 138th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Bahamas?
- Over the last ten years it is up 117.6%. The long-run trend across the full record is volatile.
- Where does this Bahamas data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.