Tax revenue as share of GDP in Trinidad and Tobago
Trinidad and Tobago: Tax revenue as share of GDP was 19.9% in 2023. ▼ Falling
Tax revenue as share of GDP in Trinidad and Tobago, 1990–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for tax revenue as share of gdp in Trinidad and Tobago is 19.9%, measured in 2023.
Compared with earlier readings it is up 5.6% on the previous year and up 13.6% over ten years.
Over the whole period, tax revenue as share of gdp in Trinidad and Tobago peaked at 26.1% in 2005 and was at its lowest, 14.9%, in 1990.
That places Trinidad and Tobago 93rd out of 187 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Tax revenue as share of GDP in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 14.9% | — |
| 1991 | 16.2% | +8.8% |
| 1992 | 18.0% | +10.8% |
| 1993 | 23.2% | +29.0% |
| 1994 | 20.9% | -9.6% |
| 1995 | 22.1% | +5.6% |
| 1996 | 24.6% | +11.1% |
| 1997 | 22.3% | -9.1% |
| 1998 | 21.7% | -2.9% |
| 1999 | 19.8% | -8.9% |
| 2000 | 20.6% | +4.2% |
| 2001 | 22.0% | +6.9% |
| 2002 | 20.2% | -8.2% |
| 2003 | 21.1% | +4.3% |
| 2004 | 21.6% | +2.3% |
| 2005 | 26.1% | +21.2% |
| 2018 | 17.5% | -33.2% |
| 2019 | 18.4% | +5.5% |
| 2020 | 16.9% | -8.5% |
| 2021 | 16.4% | -2.8% |
| 2022 | 18.8% | +14.7% |
| 2023 | 19.9% | +5.6% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 19.9% is below the median for high income countries, which is 29.8%, 67% of the median. (65 countries reporting)
- Trinidad and Tobago's 19.9% is above the median for Latin America & Caribbean, which is 19.6%, 1.0× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.4% | 14.9% | 24.6% | 10 |
| 2000s | 21.9% | 20.2% | 26.1% | 6 |
| 2010s | 18.0% | 17.5% | 18.4% | 2 |
| 2020s | 18.0% | 16.4% | 19.9% | 4 |
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 share of gdp in Trinidad and Tobago?
- Tax revenue as share of gdp in Trinidad and Tobago was 19.9% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing 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 26.1% in 2005.
- What is the lowest tax revenue as share of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 14.9% in 1990.
- How does Trinidad and Tobago rank for tax revenue as share of gdp?
- Trinidad and Tobago ranks 93rd out of 187 countries with data for 2023.
- Is tax revenue as share of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 13.6%. The long-run trend across the full record is falling.
- Where does this Trinidad and Tobago data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing 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
Direct and indirect taxes as well as social contributions included.