Taxes less subsidies on products in Trinidad and Tobago
Trinidad and Tobago: Taxes less subsidies on products was 8.74 billion constant LCU in 2024. ▲ Rising
Taxes less subsidies on products in Trinidad and Tobago, 1984–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Trinidad and Tobago recorded 8.74 billion constant LCU for taxes less subsidies on products in 2024. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 36.3% on the previous year and up 39.6% over ten years.
Over the whole period, taxes less subsidies on products in Trinidad and Tobago peaked at 8.74 billion constant LCU in 2024 and was at its lowest, 848.32 million constant LCU, in 2005.
That places Trinidad and Tobago 117th out of 189 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Taxes less subsidies on products in Trinidad and Tobago, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1984 | 6.41 billion constant LCU | — |
| 1985 | 5.74 billion constant LCU | -10.4% |
| 1986 | 5.42 billion constant LCU | -5.5% |
| 1987 | 5.12 billion constant LCU | -5.7% |
| 1988 | 3.86 billion constant LCU | -24.6% |
| 1989 | 4.35 billion constant LCU | +12.7% |
| 1990 | 4.48 billion constant LCU | +3.0% |
| 1991 | 4.47 billion constant LCU | -0.2% |
| 1992 | 4.39 billion constant LCU | -1.7% |
| 1993 | 4.33 billion constant LCU | -1.4% |
| 1994 | 4.48 billion constant LCU | +3.6% |
| 1995 | 4.66 billion constant LCU | +4.0% |
| 1996 | 4.85 billion constant LCU | +3.9% |
| 1997 | 4.98 billion constant LCU | +2.7% |
| 1998 | 5.88 billion constant LCU | +18.2% |
| 1999 | 5.60 billion constant LCU | -4.8% |
| 2000 | 4.70 billion constant LCU | -16.1% |
| 2001 | 4.76 billion constant LCU | +1.4% |
| 2002 | 5.17 billion constant LCU | +8.6% |
| 2003 | 4.96 billion constant LCU | -4.2% |
| 2004 | 1.11 billion constant LCU | -77.5% |
| 2005 | 848.32 million constant LCU | -23.8% |
| 2006 | 2.02 billion constant LCU | +138.5% |
| 2007 | 2.17 billion constant LCU | +7.3% |
| 2008 | 2.11 billion constant LCU | -2.8% |
| 2009 | 6.74 billion constant LCU | +219.2% |
| 2010 | 7.13 billion constant LCU | +5.8% |
| 2011 | 5.54 billion constant LCU | -22.4% |
| 2012 | 6.53 billion constant LCU | +18.0% |
| 2013 | 6.90 billion constant LCU | +5.7% |
| 2014 | 6.26 billion constant LCU | -9.3% |
| 2015 | 8.57 billion constant LCU | +36.8% |
| 2016 | 6.40 billion constant LCU | -25.3% |
| 2017 | 5.35 billion constant LCU | -16.4% |
| 2018 | 6.12 billion constant LCU | +14.4% |
| 2019 | 5.52 billion constant LCU | -9.7% |
| 2020 | 6.14 billion constant LCU | +11.2% |
| 2021 | 7.39 billion constant LCU | +20.3% |
| 2022 | 3.99 billion constant LCU | -46.0% |
| 2023 | 6.41 billion constant LCU | +60.8% |
| 2024 | 8.74 billion constant LCU | +36.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.15 billion constant LCU | 3.86 billion constant LCU | 6.41 billion constant LCU | 6 |
| 1990s | 4.81 billion constant LCU | 4.33 billion constant LCU | 5.88 billion constant LCU | 10 |
| 2000s | 3.46 billion constant LCU | 848.32 million constant LCU | 6.74 billion constant LCU | 10 |
| 2010s | 6.43 billion constant LCU | 5.35 billion constant LCU | 8.57 billion constant LCU | 10 |
| 2020s | 6.53 billion constant LCU | 3.99 billion constant LCU | 8.74 billion constant LCU | 5 |
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 taxes less subsidies on products in Trinidad and Tobago?
- Taxes less subsidies on products in Trinidad and Tobago was 8.74 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Trinidad and Tobago?
- The highest recorded value was 8.74 billion constant LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Trinidad and Tobago?
- The lowest recorded value was 848.32 million constant LCU in 2005.
- How does Trinidad and Tobago rank for taxes less subsidies on products?
- Trinidad and Tobago ranks 117th out of 189 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 39.6%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.