Global Revenue Statistics - Comparative tax revenues in Trinidad and Tobago
Trinidad and Tobago: Global Revenue Statistics - Comparative tax revenues was 24.59 Percentage of GDP in 2024. ▲ Rising
Global Revenue Statistics - Comparative tax revenues in Trinidad and Tobago, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for global revenue statistics - comparative tax revenues in Trinidad and Tobago is 24.59 Percentage of GDP, measured in 2024.
The figure is down 11.0% on the previous year and down 8.8% over ten years.
Over the whole period, global revenue statistics - comparative tax revenues in Trinidad and Tobago peaked at 31.04 Percentage of GDP in 2006 and was at its lowest, 15.96 Percentage of GDP, in 1998.
That places Trinidad and Tobago 55th out of 135 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Global Revenue Statistics - Comparative tax revenues in Trinidad and Tobago, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 1990 | 22.47 Percentage of GDP | — |
| 1991 | 25.43 Percentage of GDP | +13.2% |
| 1992 | 23.68 Percentage of GDP | -6.9% |
| 1993 | 24.25 Percentage of GDP | +2.4% |
| 1994 | 21.77 Percentage of GDP | -10.2% |
| 1995 | 22.36 Percentage of GDP | +2.7% |
| 1996 | 23.12 Percentage of GDP | +3.4% |
| 1997 | 21.42 Percentage of GDP | -7.3% |
| 1998 | 15.96 Percentage of GDP | -25.5% |
| 1999 | 19.23 Percentage of GDP | +20.5% |
| 2000 | 20.96 Percentage of GDP | +9.0% |
| 2001 | 23.03 Percentage of GDP | +9.9% |
| 2002 | 21.47 Percentage of GDP | -6.8% |
| 2003 | 22.13 Percentage of GDP | +3.1% |
| 2004 | 22.9 Percentage of GDP | +3.5% |
| 2005 | 27.16 Percentage of GDP | +18.6% |
| 2006 | 31.04 Percentage of GDP | +14.3% |
| 2007 | 26.72 Percentage of GDP | -13.9% |
| 2008 | 30.3 Percentage of GDP | +13.4% |
| 2009 | 28.42 Percentage of GDP | -6.2% |
| 2010 | 27.66 Percentage of GDP | -2.7% |
| 2011 | 27.07 Percentage of GDP | -2.1% |
| 2012 | 26.58 Percentage of GDP | -1.8% |
| 2013 | 26.06 Percentage of GDP | -2.0% |
| 2014 | 26.95 Percentage of GDP | +3.4% |
| 2015 | 27.2 Percentage of GDP | +0.9% |
| 2016 | 21.57 Percentage of GDP | -20.7% |
| 2017 | 19.29 Percentage of GDP | -10.6% |
| 2018 | 22.77 Percentage of GDP | +18.0% |
| 2019 | 24.23 Percentage of GDP | +6.4% |
| 2020 | 22.17 Percentage of GDP | -8.5% |
| 2021 | 21.22 Percentage of GDP | -4.3% |
| 2022 | 25.05 Percentage of GDP | +18.0% |
| 2023 | 27.63 Percentage of GDP | +10.3% |
| 2024 | 24.59 Percentage of GDP | -11.0% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 24.59 Percentage of GDP is below the median for high income countries, which is 33.73 Percentage of GDP, 73% of the median. (49 countries reporting)
- Trinidad and Tobago's 24.59 Percentage of GDP is above the median for Latin America & Caribbean, which is 21.28 Percentage of GDP, 1.2× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.97 Percentage of GDP | 15.96 Percentage of GDP | 25.43 Percentage of GDP | 10 |
| 2000s | 25.41 Percentage of GDP | 20.96 Percentage of GDP | 31.04 Percentage of GDP | 10 |
| 2010s | 24.94 Percentage of GDP | 19.29 Percentage of GDP | 27.66 Percentage of GDP | 10 |
| 2020s | 24.13 Percentage of GDP | 21.22 Percentage of GDP | 27.63 Percentage of GDP | 5 |
Countries ranked near Trinidad and Tobago
- 52 United States 25.62 Percentage of GDP compare
- 53 Georgia 25.01 Percentage of GDP compare
- 54 Costa Rica 24.84 Percentage of GDP compare
- 56 Belize 24.51 Percentage of GDP compare
- 57 Fiji 24 Percentage of GDP compare
- 58 Solomon Islands 23.97 Percentage of GDP compare
More economy & growth data for Trinidad and Tobago
- Real gdp growth, annual growth rate 71.15 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.73 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.79 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.49 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0414 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 785.84 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.4521 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0303 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 573.82 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.09 % change on previous year (2025)
Frequently asked questions
- What is global revenue statistics - comparative tax revenues in Trinidad and Tobago?
- Global revenue statistics - comparative tax revenues in Trinidad and Tobago was 24.59 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest global revenue statistics - comparative tax revenues recorded in Trinidad and Tobago?
- The highest recorded value was 31.04 Percentage of GDP in 2006.
- What is the lowest global revenue statistics - comparative tax revenues recorded in Trinidad and Tobago?
- The lowest recorded value was 15.96 Percentage of GDP in 1998.
- How does Trinidad and Tobago rank for global revenue statistics - comparative tax revenues?
- Trinidad and Tobago ranks 55th out of 135 countries with data for 2024.
- Is global revenue statistics - comparative tax revenues rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 8.8%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Global Revenue Statistics - Comparative tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax revenue data from countries included in Global Revenue Statistics, presented as a percentage of GDP and as a share of total tax revenue, as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related topics: Tax-to-GDP, Taxation, Tax structure, Tax mix, Regional average – change for each region, Domestic resource mobilisation, Public finance, Income tax, Social security contributions, Goods and services, Value added tax, VAT, Excise, Customs, Property tax.