Barbados: Other taxes (current LCU)

Key figures

What the numbers say

In 2016, Barbados' other taxes (current LCU) rose 26.4% on 2015 (from 182.78 million to 231.07 million).

Across the 12 yearly changes before that (2004 to 2015), the average change was +6.1% and a typical year strayed about 17.6% from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 31.8% in 2005 and the biggest yearly fall was 19.5% in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2007 to 2016 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

Closest to Barbados in the 2016 ranking

• Sudan — 2nd of 2: 214.6 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 14 values

Other taxes (current LCU) in nearby economies

• Argentina — 5.82 trillion (2024)
• Bahamas, The — 210.26 million (2024)
• 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 Barbados

• Intentional homicides (per 100,000 people) — 7.44 (2023)
• Intentional homicides, female (per 100,000 female) — 0.68 (2023)
• Intentional homicides, male (per 100,000 male) — 14.77 (2023)
• Armed forces personnel, total — 1,000 (2020)
• Armed forces personnel (% of total labor force) — 0.69% (2020)
• Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 80 (2024)
• Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 53.64 (2024)
• Net investment in nonfinancial assets (current LCU) — 126.37 million (2016)
• Net investment in nonfinancial assets (% of GDP)

Reading data like this

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Questions people ask

What is Barbados's other taxes (current LCU)?

231.07 million in 2016, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is up 121.23% from 104.45 million in 2003 (6.3% a year on average, compounded). The highest value was 231.07 million in 2016 and the lowest 104.2 million in 2004.

Is the latest change in other taxes (current LCU) unusual for Barbados?

In 2016, Barbados' other taxes (current LCU) rose 26.4% on 2015 (from 182.78 million to 231.07 million). Across the 12 yearly changes before that (2004 to 2015), the average change was +6.1% and a typical year strayed about 17.6% from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).

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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