Paying taxes: Labor tax and contributions in Bahamas
Bahamas: Paying taxes: Labor tax and contributions was 6.4% in 2019. ▲ Rising
Paying taxes: Labor tax and contributions in Bahamas, 2007–2019
Source: World Bank. Measured in % of profits.
Analysis
Bahamas recorded 6.4% for paying taxes: labor tax and contributions in 2019. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 1.6% on the previous year and up 42.2% over ten years.
Over the whole period, paying taxes: labor tax and contributions in Bahamas peaked at 6.4% in 2019 and was at its lowest, 4.5%, in 2007.
That places Bahamas 152nd out of 190 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Paying taxes: Labor tax and contributions in Bahamas, year by year
| Year | % of profits | Change |
|---|---|---|
| 2007 | 4.5% | — |
| 2008 | 4.5% | +0.0% |
| 2009 | 4.5% | +0.0% |
| 2010 | 4.5% | +0.0% |
| 2011 | 6.1% | +35.6% |
| 2012 | 6.1% | +0.0% |
| 2013 | 6.3% | +3.3% |
| 2014 | 6.3% | +0.0% |
| 2015 | 6.3% | +0.0% |
| 2016 | 6.3% | +0.0% |
| 2017 | 6.3% | +0.0% |
| 2018 | 6.3% | +0.0% |
| 2019 | 6.4% | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.5% | 4.5% | 4.5% | 3 |
| 2010s | 6.1% | 4.5% | 6.4% | 10 |
Countries ranked near Bahamas
- 149 Lao People's Democratic Republic 6.8% compare
- 149 Sao Tome and Principe 6.8% compare
- 149 Timor-Leste 6.8% compare
- 152 Eswatini 6.4% compare
- 154 Saint Vincent and the Grenadines 6.2% compare
- 155 Liberia 6.1% compare
More reference data data for Bahamas
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.018 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0145 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.0325 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.0325 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0605 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.0228 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.0775 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.161 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0001 (2050)
Frequently asked questions
- What is paying taxes: labor tax and contributions in Bahamas?
- Paying taxes: labor tax and contributions in Bahamas was 6.4% in 2019, according to the World Bank.
- What is the highest paying taxes: labor tax and contributions recorded in Bahamas?
- The highest recorded value was 6.4% in 2019.
- What is the lowest paying taxes: labor tax and contributions recorded in Bahamas?
- The lowest recorded value was 4.5% in 2007.
- How does Bahamas rank for paying taxes: labor tax and contributions?
- Bahamas ranks 152nd out of 190 countries with data for 2019.
- Is paying taxes: labor tax and contributions rising or falling in Bahamas?
- Over the last ten years it is up 42.2%. The long-run trend across the full record is rising.
- Where does this Bahamas data come from?
- The figures come from the World Bank, published as part of Paying taxes: Labor tax and contributions (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The labor tax and contributions measures all government mandated labor contributions that are borne by the business in the second year of operation, expressed as a share of commercial pro?t.