Taxes on goods and services in Bahamas
Bahamas: Taxes on goods and services was 1.80 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Bahamas, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on goods and services in Bahamas is 1.80 billion current LCU, measured in 2024. That is the highest value across all 33 years on record.
The figure is up 10.5% on the previous year and up 186.4% over ten years.
Over the whole period, taxes on goods and services in Bahamas peaked at 1.80 billion current LCU in 2024 and was at its lowest, 15.00 million current LCU, in 1993.
That places Bahamas 136th 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 | 37.87 million current LCU | 15.00 million current LCU | 57.80 million current LCU | 8 |
| 2000s | 195.43 million current LCU | 86.30 million current LCU | 388.73 million current LCU | 10 |
| 2010s | 930.59 million current LCU | 515.75 million current LCU | 1.63 billion current LCU | 10 |
| 2020s | 1.49 billion current LCU | 1.17 billion current LCU | 1.80 billion current LCU | 5 |
Countries ranked near Bahamas
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 taxes on goods and services in Bahamas?
- Taxes on goods and services in Bahamas was 1.80 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Bahamas?
- The highest recorded value was 1.80 billion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Bahamas?
- The lowest recorded value was 15.00 million current LCU in 1993.
- How does Bahamas rank for taxes on goods and services?
- Bahamas ranks 136th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Bahamas?
- Over the last ten years it is up 186.4%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.