Taxes on international trade in Barbados
Barbados: Taxes on international trade was 246.23 million current LCU in 2016. ▲ Rising
Taxes on international trade in Barbados, 2003–2016
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on international trade in Barbados is 246.23 million current LCU, measured in 2016. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 6.1% on the previous year and up 36.2% over ten years.
Over the whole period, taxes on international trade in Barbados peaked at 246.23 million current LCU in 2016 and was at its lowest, 166.62 million current LCU, in 2003.
That places Barbados 113th out of 155 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 195.54 million current LCU | 166.62 million current LCU | 219.99 million current LCU | 7 |
| 2010s | 215.01 million current LCU | 195.01 million current LCU | 246.23 million current LCU | 7 |
Countries ranked near Barbados
More public sector data for Barbados
- Arms imports 10.00 million SIPRI trend indicator values (2009)
- Tax revenue 23.4% (2016)
- Taxes on income, profits and capital gains 30.0% (2016)
- Taxes on goods and services 45.9% (2016)
- Net investment in nonfinancial assets 1.1% (2016)
- Net lending (+) / net borrowing (-) -4.1% (2016)
- Interest payments 25.6% (2016)
- Grants and other revenue 7.5% (2016)
- Interest payments 22.5% (2016)
- Other taxes 8.0% (2016)
Frequently asked questions
- What is taxes on international trade in Barbados?
- Taxes on international trade in Barbados was 246.23 million current LCU in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Barbados?
- The highest recorded value was 246.23 million current LCU in 2016.
- What is the lowest taxes on international trade recorded in Barbados?
- The lowest recorded value was 166.62 million current LCU in 2003.
- How does Barbados rank for taxes on international trade?
- Barbados ranks 113th out of 155 countries with data for 2016.
- Is taxes on international trade rising or falling in Barbados?
- Over the last ten years it is up 36.2%. The long-run trend across the full record is rising.
- Where does this Barbados data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.