Bahamas, The: Other taxes (current LCU)

Key figures

What the numbers say

In 2024, Bahamas, The's other taxes (current LCU) rose 24.3% on 2023 (from 169.18 million to 210.26 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was +12.2% and a typical year strayed about 59.3% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 271.2% in 2007 and the biggest yearly fall was 83% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 8.88 million a year. A straight line explains 68% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Bahamas, The had the 63rd highest value of the 82 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Bahamas, The in the 2024 ranking

• Azerbaijan — 60th of 82: 392.77 million
• Spain — 61st of 82: 359 million
• Namibia — 62nd of 82: 354.7 million
• Slovenia — 64th of 82: 191 million
• Malta — 65th of 82: 185.98 million
• Panama — 66th of 82: 151.66 million

What this measures

Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 35 values

Other taxes (current LCU) in nearby economies

• Argentina — 5.82 trillion (2024)
• Barbados — 231.07 million (2016)
• Belize — 6.38 million (2017)
• Brazil — 38.94 billion (2024)
• Chile — 2.56 trillion (2024)
• Colombia — 8.98 trillion (2024)
• Costa Rica — 304.82 billion (2024)
• Dominican Republic — 16.67 billion (2024)
• Ecuador — 882.56 million (2022)
• El Salvador — 59 million (2024)
• Guatemala — 707.43 million (2024)
• Honduras

More public sector data for Bahamas, The

• Net acquisition of financial assets (current LCU) — 230.38 million (2024)
• Net acquisition of financial assets (% of GDP) — 1.46% (2024)
• Net incurrence of liabilities, total (current LCU) — 61.81 million (2024)
• Net incurrence of liabilities, total (% of GDP) — 0.39% (2024)
• Net investment in nonfinancial assets (current LCU) — 250.32 million (2024)
• Net investment in nonfinancial assets (% of GDP) — 1.58% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -194.07 million (2024)
• Net lending (+) / net borrowing (-) (% of GDP) — -1.23% (2024)
• Grants and other revenue (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Bahamas, The's other taxes (current LCU)?

210.26 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 414.09% from 40.9 million in 1990 (4.93% a year on average, compounded). The highest value was 498.7 million in 2008 and the lowest 40.9 million in 1990.

How does Bahamas, The rank?

63rd highest of 82 economies with data for 2024.

Is the latest change in other taxes (current LCU) unusual for Bahamas, The?

In 2024, Bahamas, The's other taxes (current LCU) rose 24.3% on 2023 (from 169.18 million to 210.26 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +12.2% and a typical year strayed about 59.3% from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.TAX.OTHR.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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