Barbados - Taxes on goods and services
Taxes on goods and services (current LCU)
The value for Taxes on goods and services (current LCU) in Barbados was 1,317,590,000 as of 2016. As the graph below shows, over the past 13 years this indicator reached a maximum value of 1,317,590,000 in 2016 and a minimum value of 744,568,000 in 2003.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 2003 | 744,568,000 |
| 2004 | 878,600,000 |
| 2005 | 980,641,000 |
| 2006 | 988,380,400 |
| 2007 | 1,090,205,000 |
| 2008 | 1,100,268,000 |
| 2009 | 1,002,794,000 |
| 2010 | 1,077,151,000 |
| 2011 | 1,284,254,000 |
| 2012 | 1,144,666,000 |
| 2013 | 1,151,577,000 |
| 2014 | 1,063,462,000 |
| 2015 | 1,226,930,000 |
| 2016 | 1,317,590,000 |
Taxes on goods and services (% of revenue)
Taxes on goods and services (% of revenue) in Barbados was 45.88 as of 2016. Its highest value over the past 13 years was 49.78 in 2013, while its lowest value was 39.61 in 2009.
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 2003 | 40.74 |
| 2004 | 44.36 |
| 2005 | 45.86 |
| 2006 | 44.45 |
| 2007 | 43.03 |
| 2008 | 41.96 |
| 2009 | 39.61 |
| 2010 | 44.69 |
| 2011 | 49.43 |
| 2012 | 47.16 |
| 2013 | 49.78 |
| 2014 | 44.36 |
| 2015 | 48.36 |
| 2016 | 45.88 |
Taxes on goods and services (% value added of industry and services)
Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.
See also:
| Year | Value |
|---|---|
| 2003 | 13.26 |
| 2004 | 14.50 |
| 2005 | 14.78 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
