Tax revenue as share of GDP in Trinidad and Tobago
Trinidad and Tobago: Tax revenue as share of GDP was 22.2% in 2017. ▲ Rising
Tax revenue as share of GDP in Trinidad and Tobago, 1990–2017
Source: OECD (2018) – processed by Our World in Data. Measured in %.
Analysis
In 2017, tax revenue as share of gdp in Trinidad and Tobago stood at 22.2%.
The figure is down 5.3% on the previous year and down 19.8% over ten years.
Over the whole period, tax revenue as share of gdp in Trinidad and Tobago peaked at 31.6% in 2006 and was at its lowest, 16.8%, in 1998.
Trinidad and Tobago ranks 48th of 77 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Tax revenue as share of GDP in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 24.4% | — |
| 1991 | 26.9% | +10.3% |
| 1992 | 24.9% | -7.3% |
| 1993 | 25.2% | +1.2% |
| 1994 | 23.5% | -6.8% |
| 1995 | 23.7% | +0.9% |
| 1996 | 24.6% | +3.4% |
| 1997 | 22.5% | -8.2% |
| 1998 | 16.8% | -25.5% |
| 1999 | 20.5% | +22.0% |
| 2000 | 22.4% | +9.1% |
| 2001 | 23.9% | +6.8% |
| 2002 | 22.1% | -7.3% |
| 2003 | 23.6% | +6.7% |
| 2004 | 24.0% | +1.6% |
| 2005 | 28.1% | +17.1% |
| 2006 | 31.6% | +12.6% |
| 2007 | 27.6% | -12.7% |
| 2008 | 31.5% | +14.2% |
| 2009 | 25.8% | -18.3% |
| 2010 | 28.7% | +11.5% |
| 2011 | 27.9% | -2.9% |
| 2012 | 27.9% | -0.2% |
| 2013 | 28.2% | +1.1% |
| 2014 | 30.2% | +7.3% |
| 2015 | 29.9% | -1.1% |
| 2016 | 23.4% | -21.8% |
| 2017 | 22.2% | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.3% | 16.8% | 26.9% | 10 |
| 2000s | 26.1% | 22.1% | 31.6% | 10 |
| 2010s | 27.3% | 22.2% | 30.2% | 8 |
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)
- Total reserves minus gold (current US$), annual growth rate -11.24 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.2121 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 3,974 current US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate -2.37 % change on previous year (2023)
- Gross fixed capital formation (current US$), per unit of GDP 0.1899 current US$ per US$ of GDP (2023)
- Gross fixed capital formation (current US$), per capita 3,476 current US$ per person (2023)
- Gross fixed capital formation (current LCU), per unit of GDP 1.28 current LCU per US$ of GDP (2023)
- Gross fixed capital formation (current LCU), per capita 23,464 current LCU per person (2023)
Frequently asked questions
- What is tax revenue as share of gdp in Trinidad and Tobago?
- Tax revenue as share of gdp in Trinidad and Tobago was 22.2% in 2017, according to OECD (2018) – processed by Our World in Data.
- What is the highest tax revenue as share of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 31.6% in 2006.
- What is the lowest tax revenue as share of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 16.8% in 1998.
- How does Trinidad and Tobago rank for tax revenue as share of gdp?
- Trinidad and Tobago ranks 48th out of 77 countries with data for 2017.
- Is tax revenue as share of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 19.8%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from OECD (2018) – processed by Our World in Data, published as part of Tax revenue as share of GDP. Statizoid updates them automatically from the source API.
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About this data
The level of total tax revenues as a percentage of GDP. Total tax include sub-national revenues, and compulsory social security contributions paid to the general government.