Taxes less subsidies on products (current US$), annual growth rate in Trinidad and Tobago
Trinidad and Tobago: Taxes less subsidies on products (current US$), annual growth rate was 27.74 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current US$), annual growth rate in Trinidad and Tobago, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, taxes less subsidies on products (current us$), annual growth rate in Trinidad and Tobago stood at 27.74 % change on previous year.
Compared with earlier readings it is down 49.7% on the previous year and up 343.4% over ten years.
Over the whole period, taxes less subsidies on products (current us$), annual growth rate in Trinidad and Tobago peaked at 55.18 % change on previous year in 2023 and was at its lowest, -44.35 % change on previous year, in 2022.
That places Trinidad and Tobago 15th out of 197 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$), annual growth rate in Trinidad and Tobago, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 13.8 % change on previous year | — |
| 1992 | -8.19 % change on previous year | -159.4% |
| 1993 | -26.03 % change on previous year | +217.7% |
| 1994 | 26.12 % change on previous year | -200.3% |
| 1995 | 6.4 % change on previous year | -75.5% |
| 1996 | 4.14 % change on previous year | -35.4% |
| 1997 | 10.33 % change on previous year | +149.8% |
| 1998 | 31.65 % change on previous year | +206.5% |
| 1999 | -9.66 % change on previous year | -130.5% |
| 2000 | 4.16 % change on previous year | -143.1% |
| 2001 | 8.62 % change on previous year | +107.0% |
| 2002 | 9.93 % change on previous year | +15.2% |
| 2003 | -2.25 % change on previous year | -122.6% |
| 2004 | 34.03 % change on previous year | -1614.8% |
| 2005 | -2.9 % change on previous year | -108.5% |
| 2006 | 40.15 % change on previous year | -1482.7% |
| 2007 | 23.07 % change on previous year | -42.5% |
| 2008 | 11.89 % change on previous year | -48.5% |
| 2009 | -13.75 % change on previous year | -215.6% |
| 2010 | 16.28 % change on previous year | -218.4% |
| 2011 | -18.92 % change on previous year | -216.2% |
| 2012 | 32.44 % change on previous year | -271.4% |
| 2013 | 1.9 % change on previous year | -94.1% |
| 2014 | -11.4 % change on previous year | -700.2% |
| 2015 | 34.7 % change on previous year | -404.5% |
| 2016 | -21.29 % change on previous year | -161.4% |
| 2017 | -12.99 % change on previous year | -39.0% |
| 2018 | 14.78 % change on previous year | -213.8% |
| 2019 | -9.34 % change on previous year | -163.2% |
| 2020 | 20.19 % change on previous year | -316.3% |
| 2021 | 18.5 % change on previous year | -8.4% |
| 2022 | -44.35 % change on previous year | -339.8% |
| 2023 | 55.18 % change on previous year | -224.4% |
| 2024 | 27.74 % change on previous year | -49.7% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 27.74 % change on previous year is above the median for high income countries, which is 8.9 % change on previous year, 3.1× the median. (74 countries reporting)
- Trinidad and Tobago's 27.74 % change on previous year is above the median for Latin America & Caribbean, which is 5.38 % change on previous year, 5.2× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$), annual growth rate in Trinidad and Tobago changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +1614.8% | -2.25 % change on previous year | 34.03 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.39 % change on previous year | -26.03 % change on previous year | 31.65 % change on previous year | 9 |
| 2000s | 11.3 % change on previous year | -13.75 % change on previous year | 40.15 % change on previous year | 10 |
| 2010s | 2.62 % change on previous year | -21.29 % change on previous year | 34.7 % change on previous year | 10 |
| 2020s | 15.45 % change on previous year | -44.35 % change on previous year | 55.18 % change on previous year | 5 |
Countries ranked near Trinidad and Tobago
- 12 Guyana 31.41 % change on previous year compare
- 13 Aruba 28.94 % change on previous year compare
- 14 Haiti 28.93 % change on previous year compare
- 16 Sierra Leone 24.82 % change on previous year compare
- 17 Kyrgyzstan 24.51 % change on previous year compare
- 18 Pakistan 24.35 % change on previous year compare
More economy & growth data for Trinidad and Tobago
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.73 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.79 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate -10.46 % change on previous year (2024)
Frequently asked questions
- What is taxes less subsidies on products (current us$), annual growth rate in Trinidad and Tobago?
- Taxes less subsidies on products (current us$), annual growth rate in Trinidad and Tobago was 27.74 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), annual growth rate recorded in Trinidad and Tobago?
- The highest recorded value was 55.18 % change on previous year in 2023.
- What is the lowest taxes less subsidies on products (current us$), annual growth rate recorded in Trinidad and Tobago?
- The lowest recorded value was -44.35 % change on previous year in 2022.
- How does Trinidad and Tobago rank for taxes less subsidies on products (current us$), annual growth rate?
- Trinidad and Tobago ranks 15th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), annual growth rate rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 343.4%. The long-run trend across the full record is volatile.
- Where does this Trinidad and Tobago data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.