Tax revenue as a proportion of GDP in Trinidad and Tobago
Trinidad and Tobago: Tax revenue as a proportion of GDP was 16.8% in 2019. ▼ Falling
Tax revenue as a proportion of GDP in Trinidad and Tobago, 2001–2019
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2019, tax revenue as a proportion of gdp in Trinidad and Tobago stood at 16.8%. That is the lowest value across all 19 years on record.
That represents a change of down 15.7% on the previous year and down 37.5% over ten years.
Over the whole period, tax revenue as a proportion of gdp in Trinidad and Tobago peaked at 30.3% in 2006 and was at its lowest, 16.8%, in 2019.
Trinidad and Tobago ranks 83rd of 164 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Tax revenue as a proportion of GDP in Trinidad and Tobago, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 22.1% | — |
| 2002 | 20.5% | -7.5% |
| 2003 | 21.3% | +4.1% |
| 2004 | 22.0% | +3.4% |
| 2005 | 26.4% | +19.8% |
| 2006 | 30.3% | +14.7% |
| 2007 | 26.0% | -14.1% |
| 2008 | 29.5% | +13.4% |
| 2009 | 26.8% | -9.0% |
| 2010 | 26.2% | -2.2% |
| 2011 | 25.6% | -2.3% |
| 2012 | 25.0% | -2.7% |
| 2013 | 24.3% | -2.8% |
| 2014 | 25.0% | +3.2% |
| 2015 | 24.7% | -1.3% |
| 2016 | 21.4% | -13.4% |
| 2017 | 18.4% | -14.0% |
| 2018 | 19.9% | +8.0% |
| 2019 | 16.8% | -15.7% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 16.8% is below the median for high income countries, which is 19.8%, 85% of the median. (54 countries reporting)
- Trinidad and Tobago's 16.8% is above the median for Latin America & Caribbean, which is 15.7%, 1.1× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25.0% | 20.5% | 30.3% | 9 |
| 2010s | 22.7% | 16.8% | 26.2% | 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 tax revenue as a proportion of gdp in Trinidad and Tobago?
- Tax revenue as a proportion of gdp in Trinidad and Tobago was 16.8% in 2019, according to United Nations Statistics Division, SDG Global Database.
- What is the highest tax revenue as a proportion of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 30.3% in 2006.
- What is the lowest tax revenue as a proportion of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 16.8% in 2019.
- How does Trinidad and Tobago rank for tax revenue as a proportion of gdp?
- Trinidad and Tobago ranks 83rd out of 164 countries with data for 2019.
- Is tax revenue as a proportion of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 37.5%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Tax revenue as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
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