Taxes less subsidies on products (constant LCU), per unit of GDP in Trinidad and Tobago
Trinidad and Tobago: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.341 constant LCU per US$ of GDP in 2024. ◆ Volatile
Taxes less subsidies on products (constant LCU), per unit of GDP in Trinidad and Tobago, 1984–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (constant lcu), per unit of gdp in Trinidad and Tobago is 0.341 constant LCU per US$ of GDP, measured in 2024.
The figure is up 33.1% on the previous year and up 60.5% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Trinidad and Tobago peaked at 1.13 constant LCU per US$ of GDP in 1986 and was at its lowest, 0.0531 constant LCU per US$ of GDP, in 2005.
That places Trinidad and Tobago 93rd out of 189 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), per unit of GDP in Trinidad and Tobago, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1984 | 0.826 constant LCU per US$ of GDP | — |
| 1985 | 0.778 constant LCU per US$ of GDP | -5.8% |
| 1986 | 1.13 constant LCU per US$ of GDP | +45.4% |
| 1987 | 1.07 constant LCU per US$ of GDP | -5.7% |
| 1988 | 0.8578 constant LCU per US$ of GDP | -19.6% |
| 1989 | 1.01 constant LCU per US$ of GDP | +17.2% |
| 1990 | 0.8835 constant LCU per US$ of GDP | -12.1% |
| 1991 | 0.8421 constant LCU per US$ of GDP | -4.7% |
| 1992 | 0.8077 constant LCU per US$ of GDP | -4.1% |
| 1993 | 0.9272 constant LCU per US$ of GDP | +14.8% |
| 1994 | 0.9064 constant LCU per US$ of GDP | -2.3% |
| 1995 | 0.8747 constant LCU per US$ of GDP | -3.5% |
| 1996 | 0.8412 constant LCU per US$ of GDP | -3.8% |
| 1997 | 0.8673 constant LCU per US$ of GDP | +3.1% |
| 1998 | 0.9732 constant LCU per US$ of GDP | +12.2% |
| 1999 | 0.8222 constant LCU per US$ of GDP | -15.5% |
| 2000 | 0.5762 constant LCU per US$ of GDP | -29.9% |
| 2001 | 0.5399 constant LCU per US$ of GDP | -6.3% |
| 2002 | 0.5745 constant LCU per US$ of GDP | +6.4% |
| 2003 | 0.4384 constant LCU per US$ of GDP | -23.7% |
| 2004 | 0.0838 constant LCU per US$ of GDP | -80.9% |
| 2005 | 0.0531 constant LCU per US$ of GDP | -36.7% |
| 2006 | 0.1102 constant LCU per US$ of GDP | +107.5% |
| 2007 | 0.1004 constant LCU per US$ of GDP | -8.9% |
| 2008 | 0.0758 constant LCU per US$ of GDP | -24.5% |
| 2009 | 0.3516 constant LCU per US$ of GDP | +364.1% |
| 2010 | 0.3219 constant LCU per US$ of GDP | -8.4% |
| 2011 | 0.2177 constant LCU per US$ of GDP | -32.4% |
| 2012 | 0.2406 constant LCU per US$ of GDP | +10.5% |
| 2013 | 0.2417 constant LCU per US$ of GDP | +0.5% |
| 2014 | 0.2124 constant LCU per US$ of GDP | -12.1% |
| 2015 | 0.3192 constant LCU per US$ of GDP | +50.3% |
| 2016 | 0.2707 constant LCU per US$ of GDP | -15.2% |
| 2017 | 0.2244 constant LCU per US$ of GDP | -17.1% |
| 2018 | 0.2562 constant LCU per US$ of GDP | +14.2% |
| 2019 | 0.2353 constant LCU per US$ of GDP | -8.1% |
| 2020 | 0.294 constant LCU per US$ of GDP | +24.9% |
| 2021 | 0.305 constant LCU per US$ of GDP | +3.7% |
| 2022 | 0.1408 constant LCU per US$ of GDP | -53.8% |
| 2023 | 0.2562 constant LCU per US$ of GDP | +82.0% |
| 2024 | 0.341 constant LCU per US$ of GDP | +33.1% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 0.341 constant LCU per US$ of GDP is above the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 3.8× the median. (66 countries reporting)
- Trinidad and Tobago's 0.341 constant LCU per US$ of GDP is above the median for Latin America & Caribbean, which is 0.3169 constant LCU per US$ of GDP, 1.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), per unit of GDP in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +364.1% | 0.0758 constant LCU per US$ of GDP | 0.3516 constant LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.9442 constant LCU per US$ of GDP | 0.778 constant LCU per US$ of GDP | 1.13 constant LCU per US$ of GDP | 6 |
| 1990s | 0.8745 constant LCU per US$ of GDP | 0.8077 constant LCU per US$ of GDP | 0.9732 constant LCU per US$ of GDP | 10 |
| 2000s | 0.2904 constant LCU per US$ of GDP | 0.0531 constant LCU per US$ of GDP | 0.5762 constant LCU per US$ of GDP | 10 |
| 2010s | 0.254 constant LCU per US$ of GDP | 0.2124 constant LCU per US$ of GDP | 0.3219 constant LCU per US$ of GDP | 10 |
| 2020s | 0.2674 constant LCU per US$ of GDP | 0.1408 constant LCU per US$ of GDP | 0.341 constant LCU per US$ of GDP | 5 |
Countries ranked near Trinidad and Tobago
- 90 Yemen 0.4212 constant LCU per US$ of GDP compare
- 91 Saint Vincent and the Grenadines 0.3539 constant LCU per US$ of GDP compare
- 92 Guatemala 0.3526 constant LCU per US$ of GDP compare
- 94 Grenada 0.3271 constant LCU per US$ of GDP compare
- 95 Sierra Leone 0.3204 constant LCU per US$ of GDP compare
- 96 Brazil 0.3169 constant LCU per US$ of GDP compare
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$), annual growth rate -10.46 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Trinidad and Tobago?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Trinidad and Tobago was 0.341 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 1.13 constant LCU per US$ of GDP in 1986.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 0.0531 constant LCU per US$ of GDP in 2005.
- How does Trinidad and Tobago rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Trinidad and Tobago ranks 93rd out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 60.5%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.