Revenue Statistics: Comparative tax revenues … Latin in Trinidad and Tobago
Trinidad and Tobago: Revenue Statistics: Comparative tax revenues … Latin was 24.59 Percentage of GDP in 2024. ▲ Rising
Revenue Statistics in Latin America and the Caribbean - Comparative in Trinidad and Tobago, 1990–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Trinidad and Tobago recorded 24.59 Percentage of GDP for revenue statistics in latin america and the caribbean - comparative in 2024.
That represents a change of down 11.0% on the previous year and down 8.8% over ten years.
Over the whole period, revenue statistics in latin america and the caribbean - comparative 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 8th out of 29 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
Revenue Statistics: Comparative tax revenues … Latin 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 above the median for Latin America & Caribbean, which is 21.28 Percentage of GDP, 1.2× the median. (29 countries reporting)
- Trinidad and Tobago's 24.59 Percentage of GDP is above the median for high income countries, which is 20.48 Percentage of GDP, 1.2× the median. (9 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
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 revenue statistics in latin america and the caribbean - comparative in Trinidad and Tobago?
- Revenue statistics in latin america and the caribbean - comparative 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 revenue statistics in latin america and the caribbean - comparative recorded in Trinidad and Tobago?
- The highest recorded value was 31.04 Percentage of GDP in 2006.
- What is the lowest revenue statistics in latin america and the caribbean - comparative recorded in Trinidad and Tobago?
- The lowest recorded value was 15.96 Percentage of GDP in 1998.
- How does Trinidad and Tobago rank for revenue statistics in latin america and the caribbean - comparative?
- Trinidad and Tobago ranks 8th out of 29 countries with data for 2024.
- Is revenue statistics in latin america and the caribbean - comparative 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 Revenue Statistics in Latin America and the Caribbean - Comparative tax revenues. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
Internationally comparable tax revenue data from Revenue Statistics in Latin America and the Caribbean countries presented as a percentage of GDP and as a share of total tax revenues 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.