Government revenues as a share of GDP in Trinidad and Tobago
Trinidad and Tobago: Government revenues as a share of GDP was 23.9% in 2019. ▲ Rising
Government revenues as a share of GDP in Trinidad and Tobago, 2000–2019
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
Trinidad and Tobago recorded 23.9% for government revenues as a share of gdp in 2019.
The figure is down 17.7% on the previous year and down 29.1% over ten years.
Over the whole period, government revenues as a share of gdp in Trinidad and Tobago peaked at 35.9% in 2015 and was at its lowest, 23.2%, in 2000.
Trinidad and Tobago ranks 119th of 174 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Government revenues as a share of GDP in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 23.2% | — |
| 2001 | 26.8% | +15.1% |
| 2002 | 25.6% | -4.2% |
| 2003 | 25.3% | -1.4% |
| 2004 | 25.8% | +2.0% |
| 2005 | 30.3% | +17.5% |
| 2006 | 34.3% | +13.3% |
| 2007 | 30.0% | -12.5% |
| 2008 | 33.3% | +10.8% |
| 2009 | 33.7% | +1.2% |
| 2010 | 32.4% | -3.8% |
| 2011 | 28.4% | -12.2% |
| 2012 | 29.9% | +5.3% |
| 2013 | 30.5% | +1.9% |
| 2014 | 32.9% | +7.8% |
| 2015 | 35.9% | +9.2% |
| 2016 | 31.4% | -12.5% |
| 2017 | 28.9% | -8.0% |
| 2018 | 29.0% | +0.4% |
| 2019 | 23.9% | -17.7% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 23.9% is below the median for high income countries, which is 38.8%, 62% of the median. (61 countries reporting)
- Trinidad and Tobago's 23.9% is below the median for Latin America & Caribbean, which is 25.7%, 93% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.8% | 23.2% | 34.3% | 10 |
| 2010s | 30.3% | 23.9% | 35.9% | 10 |
Countries ranked near Trinidad and Tobago
More economy & growth data for Trinidad and Tobago
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -390.11 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.015 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -285.22 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -794.39 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -75.3 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0306 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -580.8 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -10.46 % change on previous year (2024)
Frequently asked questions
- What is government revenues as a share of gdp in Trinidad and Tobago?
- Government revenues as a share of gdp in Trinidad and Tobago was 23.9% in 2019, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest government revenues as a share of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 35.9% in 2015.
- What is the lowest government revenues as a share of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 23.2% in 2000.
- How does Trinidad and Tobago rank for government revenues as a share of gdp?
- Trinidad and Tobago ranks 119th out of 174 countries with data for 2019.
- Is government revenues as a share of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 29.1%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from International Monetary Fund – with minor processing by Our World in Data, published as part of Government revenues as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales included.