Taxes less subsidies on products in Trinidad and Tobago
Trinidad and Tobago: Taxes less subsidies on products was 1.38 billion current US$ in 2024. ◆ Volatile
Latest (2024)
1.38 billion current US$
Change on year
up 27.7%
World rank
120th
of 199 countries
All-time high
1.38 billion current US$
in 2024
All-time low
0 current US$
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 US$.
Analysis
The most recent figure for taxes less subsidies on products in Trinidad and Tobago is 1.38 billion current US$, measured 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 50.8% over ten years.
Over the whole period, taxes less subsidies on products in Trinidad and Tobago peaked at 1.38 billion current US$ in 2024 and was at its lowest, 0 current US$, in 1960.
Trinidad and Tobago ranks 120th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products in Trinidad and Tobago, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 0 current US$ | — |
| 1961 | 0 current US$ | — |
| 1962 | 0 current US$ | — |
| 1963 | 0 current US$ | — |
| 1964 | 0 current US$ | — |
| 1965 | 0 current US$ | — |
| 1975 | 0 current US$ | — |
| 1976 | 0 current US$ | — |
| 1977 | 0 current US$ | — |
| 1978 | 0 current US$ | — |
| 1979 | 0 current US$ | — |
| 1980 | 0 current US$ | — |
| 1981 | 0 current US$ | — |
| 1982 | 0 current US$ | — |
| 1983 | 0 current US$ | — |
| 1984 | 0 current US$ | — |
| 1985 | 0 current US$ | — |
| 1986 | 0 current US$ | — |
| 1987 | 0 current US$ | — |
| 1988 | 0 current US$ | — |
| 1989 | 0 current US$ | — |
| 1990 | 218.02 million current US$ | — |
| 1991 | 248.12 million current US$ | +13.8% |
| 1992 | 227.79 million current US$ | -8.2% |
| 1993 | 168.49 million current US$ | -26.0% |
| 1994 | 212.49 million current US$ | +26.1% |
| 1995 | 226.10 million current US$ | +6.4% |
| 1996 | 235.45 million current US$ | +4.1% |
| 1997 | 259.77 million current US$ | +10.3% |
| 1998 | 342.00 million current US$ | +31.7% |
| 1999 | 308.94 million current US$ | -9.7% |
| 2000 | 321.80 million current US$ | +4.2% |
| 2001 | 349.53 million current US$ | +8.6% |
| 2002 | 384.23 million current US$ | +9.9% |
| 2003 | 375.59 million current US$ | -2.2% |
| 2004 | 503.40 million current US$ | +34.0% |
| 2005 | 488.78 million current US$ | -2.9% |
| 2006 | 685.04 million current US$ | +40.2% |
| 2007 | 843.10 million current US$ | +23.1% |
| 2008 | 943.38 million current US$ | +11.9% |
| 2009 | 813.69 million current US$ | -13.7% |
| 2010 | 946.17 million current US$ | +16.3% |
| 2011 | 767.17 million current US$ | -18.9% |
| 2012 | 1.02 billion current US$ | +32.4% |
| 2013 | 1.04 billion current US$ | +1.9% |
| 2014 | 917.32 million current US$ | -11.4% |
| 2015 | 1.24 billion current US$ | +34.7% |
| 2016 | 972.52 million current US$ | -21.3% |
| 2017 | 846.18 million current US$ | -13.0% |
| 2018 | 971.24 million current US$ | +14.8% |
| 2019 | 880.56 million current US$ | -9.3% |
| 2020 | 1.06 billion current US$ | +20.2% |
| 2021 | 1.25 billion current US$ | +18.5% |
| 2022 | 697.89 million current US$ | -44.4% |
| 2023 | 1.08 billion current US$ | +55.2% |
| 2024 | 1.38 billion current US$ | +27.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0 current US$ | 0 current US$ | 0 current US$ | 6 |
| 1970s | 0 current US$ | 0 current US$ | 0 current US$ | 5 |
| 1980s | 0 current US$ | 0 current US$ | 0 current US$ | 10 |
| 1990s | 244.72 million current US$ | 168.49 million current US$ | 342.00 million current US$ | 10 |
| 2000s | 570.85 million current US$ | 321.80 million current US$ | 943.38 million current US$ | 10 |
| 2010s | 958.81 million current US$ | 767.17 million current US$ | 1.24 billion current US$ | 10 |
| 2020s | 1.10 billion current US$ | 697.89 million current US$ | 1.38 billion current US$ | 5 |
Countries ranked near Trinidad and Tobago
- 117 Lao People's Democratic Republic 1.95 billion current US$ compare
- 118 Madagascar 1.48 billion current US$ compare
- 119 Turkmenistan 1.39 billion current US$ compare
- 121 Papua New Guinea 1.38 billion current US$ compare
- 122 Namibia 1.37 billion current US$ compare
- 123 Tajikistan 1.34 billion current US$ 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)
- 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)
- Gross capital formation (current US$), annual growth rate -2.37 % change on previous year (2023)
- Gross capital formation (current US$), per unit of GDP 0.1899 current US$ per US$ of GDP (2023)
- Gross capital formation (current US$), per capita 3,476 current US$ 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 1.38 billion current US$ 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 1.38 billion current US$ in 2024.
- What is the lowest taxes less subsidies on products recorded in Trinidad and Tobago?
- The lowest recorded value was 0 current US$ in 1960.
- How does Trinidad and Tobago rank for taxes less subsidies on products?
- Trinidad and Tobago ranks 120th 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 50.8%. 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 US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.