Taxes less subsidies on products (current LCU), per unit of GDP in Trinidad and Tobago
Trinidad and Tobago: Taxes less subsidies on products (current LCU), per unit of GDP was 0.3643 current LCU per US$ of GDP in 2024. ◆ Volatile
Latest (2024)
0.3643 current LCU per US$ of GDP
Change on year
up 24.8%
World rank
115th
of 197 countries
All-time high
0.3643 current LCU per US$ of GDP
in 2024
All-time low
0 current LCU per US$ of GDP
in 1960
Years of data
56
1960–2024
Taxes less subsidies on products (current LCU), per unit of GDP in Trinidad and Tobago, 1960–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (current lcu), per unit of gdp in Trinidad and Tobago is 0.3643 current LCU per US$ of GDP, measured in 2024. That is the highest value across all 56 years on record.
The figure is up 24.8% on the previous year and up 82.6% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), per unit of gdp in Trinidad and Tobago peaked at 0.3643 current LCU per US$ of GDP in 2024 and was at its lowest, 0 current LCU per US$ of GDP, in 1960.
That places Trinidad and Tobago 115th out of 197 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 (current LCU), per unit of GDP in Trinidad and Tobago, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 0 current LCU per US$ of GDP | — |
| 1961 | 0 current LCU per US$ of GDP | — |
| 1962 | 0 current LCU per US$ of GDP | — |
| 1963 | 0 current LCU per US$ of GDP | — |
| 1964 | 0 current LCU per US$ of GDP | — |
| 1965 | 0 current LCU per US$ of GDP | — |
| 1975 | 0 current LCU per US$ of GDP | — |
| 1976 | 0 current LCU per US$ of GDP | — |
| 1977 | 0 current LCU per US$ of GDP | — |
| 1978 | 0 current LCU per US$ of GDP | — |
| 1979 | 0 current LCU per US$ of GDP | — |
| 1980 | 0 current LCU per US$ of GDP | — |
| 1981 | 0 current LCU per US$ of GDP | — |
| 1982 | 0 current LCU per US$ of GDP | — |
| 1983 | 0 current LCU per US$ of GDP | — |
| 1984 | 0 current LCU per US$ of GDP | — |
| 1985 | 0 current LCU per US$ of GDP | — |
| 1986 | 0 current LCU per US$ of GDP | — |
| 1987 | 0 current LCU per US$ of GDP | — |
| 1988 | 0 current LCU per US$ of GDP | — |
| 1989 | 0 current LCU per US$ of GDP | — |
| 1990 | 0.1828 current LCU per US$ of GDP | — |
| 1991 | 0.1987 current LCU per US$ of GDP | +8.7% |
| 1992 | 0.178 current LCU per US$ of GDP | -10.4% |
| 1993 | 0.1931 current LCU per US$ of GDP | +8.5% |
| 1994 | 0.2545 current LCU per US$ of GDP | +31.8% |
| 1995 | 0.2523 current LCU per US$ of GDP | -0.8% |
| 1996 | 0.2455 current LCU per US$ of GDP | -2.7% |
| 1997 | 0.283 current LCU per US$ of GDP | +15.3% |
| 1998 | 0.3564 current LCU per US$ of GDP | +25.9% |
| 1999 | 0.2858 current LCU per US$ of GDP | -19.8% |
| 2000 | 0.2486 current LCU per US$ of GDP | -13.0% |
| 2001 | 0.2469 current LCU per US$ of GDP | -0.7% |
| 2002 | 0.2665 current LCU per US$ of GDP | +8.0% |
| 2003 | 0.2091 current LCU per US$ of GDP | -21.5% |
| 2004 | 0.2388 current LCU per US$ of GDP | +14.2% |
| 2005 | 0.1927 current LCU per US$ of GDP | -19.3% |
| 2006 | 0.2354 current LCU per US$ of GDP | +22.2% |
| 2007 | 0.2465 current LCU per US$ of GDP | +4.7% |
| 2008 | 0.2129 current LCU per US$ of GDP | -13.7% |
| 2009 | 0.2685 current LCU per US$ of GDP | +26.1% |
| 2010 | 0.2722 current LCU per US$ of GDP | +1.4% |
| 2011 | 0.1933 current LCU per US$ of GDP | -29.0% |
| 2012 | 0.2406 current LCU per US$ of GDP | +24.5% |
| 2013 | 0.2335 current LCU per US$ of GDP | -2.9% |
| 2014 | 0.1995 current LCU per US$ of GDP | -14.6% |
| 2015 | 0.2936 current LCU per US$ of GDP | +47.2% |
| 2016 | 0.2745 current LCU per US$ of GDP | -6.5% |
| 2017 | 0.2407 current LCU per US$ of GDP | -12.3% |
| 2018 | 0.2753 current LCU per US$ of GDP | +14.4% |
| 2019 | 0.2533 current LCU per US$ of GDP | -8.0% |
| 2020 | 0.3421 current LCU per US$ of GDP | +35.0% |
| 2021 | 0.3499 current LCU per US$ of GDP | +2.3% |
| 2022 | 0.1663 current LCU per US$ of GDP | -52.5% |
| 2023 | 0.292 current LCU per US$ of GDP | +75.6% |
| 2024 | 0.3643 current LCU per US$ of GDP | +24.8% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 0.3643 current LCU per US$ of GDP is above the median for high income countries, which is 0.1155 current LCU per US$ of GDP, 3.2× the median. (74 countries reporting)
- Trinidad and Tobago's 0.3643 current LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.4274 current LCU per US$ of GDP, 85% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0 current LCU per US$ of GDP | 0 current LCU per US$ of GDP | 0 current LCU per US$ of GDP | 6 |
| 1970s | 0 current LCU per US$ of GDP | 0 current LCU per US$ of GDP | 0 current LCU per US$ of GDP | 5 |
| 1980s | 0 current LCU per US$ of GDP | 0 current LCU per US$ of GDP | 0 current LCU per US$ of GDP | 10 |
| 1990s | 0.243 current LCU per US$ of GDP | 0.178 current LCU per US$ of GDP | 0.3564 current LCU per US$ of GDP | 10 |
| 2000s | 0.2366 current LCU per US$ of GDP | 0.1927 current LCU per US$ of GDP | 0.2685 current LCU per US$ of GDP | 10 |
| 2010s | 0.2477 current LCU per US$ of GDP | 0.1933 current LCU per US$ of GDP | 0.2936 current LCU per US$ of GDP | 10 |
| 2020s | 0.3029 current LCU per US$ of GDP | 0.1663 current LCU per US$ of GDP | 0.3643 current LCU per US$ of GDP | 5 |
Countries ranked near Trinidad and Tobago
- 112 Saint Vincent and the Grenadines 0.4077 current LCU per US$ of GDP compare
- 113 Sudan 0.3739 current LCU per US$ of GDP compare
- 114 Saint Lucia 0.3737 current LCU per US$ of GDP compare
- 116 Belarus 0.3541 current LCU per US$ of GDP compare
- 117 Fiji 0.3476 current LCU per US$ of GDP compare
- 118 Saint Kitts and Nevis 0.3438 current 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$), annual growth rate -10.46 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (current lcu), per unit of gdp in Trinidad and Tobago?
- Taxes less subsidies on products (current lcu), per unit of gdp in Trinidad and Tobago was 0.3643 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), per unit of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 0.3643 current LCU per US$ of GDP in 2024.
- What is the lowest taxes less subsidies on products (current lcu), per unit of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 0 current LCU per US$ of GDP in 1960.
- How does Trinidad and Tobago rank for taxes less subsidies on products (current lcu), per unit of gdp?
- Trinidad and Tobago ranks 115th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), per unit of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 82.6%. 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 (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 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 (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current LCU) ÷ GDP (current US$)
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 (current 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.