Taxes less subsidies on products in Trinidad and Tobago
Trinidad and Tobago: Taxes less subsidies on products was 9.34 billion current LCU in 2024. ◆ Volatile
Latest (2024)
9.34 billion current LCU
Change on year
up 27.7%
World rank
133rd
of 199 countries
All-time high
9.34 billion current LCU
in 2024
All-time low
0 current LCU
in 1960
Years of data
56
1960–2024
Taxes less subsidies on products in Trinidad and Tobago, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Trinidad and Tobago recorded 9.34 billion current LCU for taxes less subsidies on products in 2024. That is the highest value across all 56 years on record.
That represents a change of up 27.7% on the previous year and up 58.8% over ten years.
Over the whole period, taxes less subsidies on products in Trinidad and Tobago peaked at 9.34 billion current LCU in 2024 and was at its lowest, 0 current LCU, in 1960.
Trinidad and Tobago ranks 133rd of 199 countries on this measure, 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 in Trinidad and Tobago, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 0 current LCU | — |
| 1961 | 0 current LCU | — |
| 1962 | 0 current LCU | — |
| 1963 | 0 current LCU | — |
| 1964 | 0 current LCU | — |
| 1965 | 0 current LCU | — |
| 1975 | 0 current LCU | — |
| 1976 | 0 current LCU | — |
| 1977 | 0 current LCU | — |
| 1978 | 0 current LCU | — |
| 1979 | 0 current LCU | — |
| 1980 | 0 current LCU | — |
| 1981 | 0 current LCU | — |
| 1982 | 0 current LCU | — |
| 1983 | 0 current LCU | — |
| 1984 | 0 current LCU | — |
| 1985 | 0 current LCU | — |
| 1986 | 0 current LCU | — |
| 1987 | 0 current LCU | — |
| 1988 | 0 current LCU | — |
| 1989 | 0 current LCU | — |
| 1990 | 926.60 million current LCU | — |
| 1991 | 1.05 billion current LCU | +13.8% |
| 1992 | 968.10 million current LCU | -8.2% |
| 1993 | 901.60 million current LCU | -6.9% |
| 1994 | 1.26 billion current LCU | +39.6% |
| 1995 | 1.34 billion current LCU | +6.8% |
| 1996 | 1.41 billion current LCU | +5.1% |
| 1997 | 1.62 billion current LCU | +14.9% |
| 1998 | 2.15 billion current LCU | +32.6% |
| 1999 | 1.95 billion current LCU | -9.7% |
| 2000 | 2.03 billion current LCU | +4.2% |
| 2001 | 2.18 billion current LCU | +7.5% |
| 2002 | 2.40 billion current LCU | +10.2% |
| 2003 | 2.36 billion current LCU | -1.5% |
| 2004 | 3.17 billion current LCU | +34.1% |
| 2005 | 3.08 billion current LCU | -2.9% |
| 2006 | 4.32 billion current LCU | +40.4% |
| 2007 | 5.34 billion current LCU | +23.4% |
| 2008 | 5.93 billion current LCU | +11.2% |
| 2009 | 5.15 billion current LCU | -13.2% |
| 2010 | 6.03 billion current LCU | +17.2% |
| 2011 | 4.92 billion current LCU | -18.5% |
| 2012 | 6.53 billion current LCU | +32.9% |
| 2013 | 6.67 billion current LCU | +2.1% |
| 2014 | 5.88 billion current LCU | -11.9% |
| 2015 | 7.88 billion current LCU | +34.0% |
| 2016 | 6.49 billion current LCU | -17.7% |
| 2017 | 5.74 billion current LCU | -11.5% |
| 2018 | 6.58 billion current LCU | +14.6% |
| 2019 | 5.95 billion current LCU | -9.6% |
| 2020 | 7.14 billion current LCU | +20.1% |
| 2021 | 8.48 billion current LCU | +18.6% |
| 2022 | 4.71 billion current LCU | -44.4% |
| 2023 | 7.31 billion current LCU | +55.1% |
| 2024 | 9.34 billion current LCU | +27.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0 current LCU | 0 current LCU | 0 current LCU | 6 |
| 1970s | 0 current LCU | 0 current LCU | 0 current LCU | 5 |
| 1980s | 0 current LCU | 0 current LCU | 0 current LCU | 10 |
| 1990s | 1.36 billion current LCU | 901.60 million current LCU | 2.15 billion current LCU | 10 |
| 2000s | 3.60 billion current LCU | 2.03 billion current LCU | 5.93 billion current LCU | 10 |
| 2010s | 6.27 billion current LCU | 4.92 billion current LCU | 7.88 billion current LCU | 10 |
| 2020s | 7.40 billion current LCU | 4.71 billion current LCU | 9.34 billion current 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)
- 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 taxes less subsidies on products in Trinidad and Tobago?
- Taxes less subsidies on products in Trinidad and Tobago was 9.34 billion current 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 9.34 billion current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Trinidad and Tobago?
- The lowest recorded value was 0 current LCU in 1960.
- How does Trinidad and Tobago rank for taxes less subsidies on products?
- Trinidad and Tobago ranks 133rd out of 199 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 58.8%. The long-run trend across the full record is volatile.
- 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.