Share of central government spending funded by taxes in Trinidad and Tobago
Trinidad and Tobago: Share of central government spending funded by taxes was 48.0% in 2019. ▼ Falling
Share of central government spending funded by taxes in Trinidad and Tobago, 2001–2019
Source: International Monetary Fund – with minor processing by Our World in Data. Measured in %.
Analysis
In 2019, share of central government spending funded by taxes in Trinidad and Tobago stood at 48.0%. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 20.5% on the previous year and down 29.7% over ten years.
Over the whole period, share of central government spending funded by taxes in Trinidad and Tobago peaked at 105.9% in 2005 and was at its lowest, 48.0%, in 2019.
Trinidad and Tobago ranks 132nd of 174 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Share of central government spending funded by taxes in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 87.8% | — |
| 2002 | 78.4% | -10.7% |
| 2003 | 91.1% | +16.2% |
| 2004 | 90.9% | -0.2% |
| 2005 | 105.9% | +16.5% |
| 2006 | 91.9% | -13.2% |
| 2007 | 87.3% | -5.0% |
| 2008 | 93.6% | +7.2% |
| 2009 | 68.3% | -27.0% |
| 2010 | 76.3% | +11.6% |
| 2011 | 81.2% | +6.5% |
| 2012 | 80.1% | -1.4% |
| 2013 | 72.9% | -8.9% |
| 2014 | 72.3% | -0.9% |
| 2015 | 66.4% | -8.2% |
| 2016 | 60.9% | -8.3% |
| 2017 | 52.2% | -14.2% |
| 2018 | 60.4% | +15.7% |
| 2019 | 48.0% | -20.5% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 48.0% is below the median for high income countries, which is 55.2%, 87% of the median. (61 countries reporting)
- Trinidad and Tobago's 48.0% is below the median for Latin America & Caribbean, which is 70.6%, 68% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 88.4% | 68.3% | 105.9% | 9 |
| 2010s | 67.1% | 48.0% | 81.2% | 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 share of central government spending funded by taxes in Trinidad and Tobago?
- Share of central government spending funded by taxes in Trinidad and Tobago was 48.0% in 2019, according to International Monetary Fund – with minor processing by Our World in Data.
- What is the highest share of central government spending funded by taxes recorded in Trinidad and Tobago?
- The highest recorded value was 105.9% in 2005.
- What is the lowest share of central government spending funded by taxes recorded in Trinidad and Tobago?
- The lowest recorded value was 48.0% in 2019.
- How does Trinidad and Tobago rank for share of central government spending funded by taxes?
- Trinidad and Tobago ranks 132nd out of 174 countries with data for 2019.
- Is share of central government spending funded by taxes rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 29.7%. The long-run trend across the full record is falling.
- 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 Share of central government spending funded by taxes. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Spending refers to the budgetary central government which includes the core institutions of the national government. Funds only include taxes; Fines, penalties, and most social security contributions are excluded.