Taxes on goods and services as share of GDP in Trinidad and Tobago
Trinidad and Tobago: Taxes on goods and services as share of GDP was 4.7% in 2023. ▬ Flat
Taxes on goods and services as share of GDP in Trinidad and Tobago, 1983–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
Trinidad and Tobago recorded 4.7% for taxes on goods and services as share of gdp in 2023.
That represents a change of up 44.9% on the previous year and down 10.7% over ten years.
Over the whole period, taxes on goods and services as share of gdp in Trinidad and Tobago peaked at 8.8% in 1998 and was at its lowest, 2.6%, in 1983.
That places Trinidad and Tobago 137th out of 187 countries with data for 2023, putting it in the middle of the range.
Taxes on goods and services as share of GDP in Trinidad and Tobago, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1983 | 2.6% | — |
| 1984 | 3.0% | +14.7% |
| 1985 | 3.5% | +14.9% |
| 1986 | 3.4% | -2.7% |
| 1987 | 4.3% | +27.5% |
| 1988 | 5.0% | +15.5% |
| 1989 | 5.2% | +4.8% |
| 1990 | 7.2% | +38.4% |
| 1991 | 7.0% | -3.5% |
| 1992 | 7.5% | +7.7% |
| 1993 | 8.5% | +12.8% |
| 1994 | 7.0% | -17.4% |
| 1995 | 6.7% | -4.0% |
| 1996 | 6.7% | +0.2% |
| 1997 | 7.5% | +11.4% |
| 1998 | 8.8% | +17.9% |
| 1999 | 7.4% | -16.9% |
| 2000 | 6.0% | -18.6% |
| 2001 | 6.1% | +2.4% |
| 2002 | 6.7% | +8.9% |
| 2003 | 4.9% | -26.4% |
| 2004 | 5.2% | +6.4% |
| 2005 | 4.5% | -14.8% |
| 2018 | 5.2% | +17.8% |
| 2019 | 4.6% | -13.3% |
| 2020 | 5.7% | +25.4% |
| 2021 | 5.8% | +2.4% |
| 2022 | 3.2% | -44.7% |
| 2023 | 4.7% | +44.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.9% | 2.6% | 5.2% | 7 |
| 1990s | 7.4% | 6.7% | 8.8% | 10 |
| 2000s | 5.6% | 4.5% | 6.7% | 6 |
| 2010s | 4.9% | 4.6% | 5.2% | 2 |
| 2020s | 4.9% | 3.2% | 5.8% | 4 |
Countries ranked near Trinidad and Tobago
- 134 Tanzania, United Republic of 4.7% compare
- 135 Papua New Guinea 4.7% compare
- 136 Mauritania 4.7% compare
- 138 Eritrea 4.7% compare
- 139 Algeria 4.5% compare
- 140 Saint Lucia 4.4% 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)
- 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 on goods and services as share of gdp in Trinidad and Tobago?
- Taxes on goods and services as share of gdp in Trinidad and Tobago was 4.7% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on goods and services as share of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 8.8% in 1998.
- What is the lowest taxes on goods and services as share of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 2.6% in 1983.
- How does Trinidad and Tobago rank for taxes on goods and services as share of gdp?
- Trinidad and Tobago ranks 137th out of 187 countries with data for 2023.
- Is taxes on goods and services as share of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 10.7%. The long-run trend across the full record is flat.
- Where does this Trinidad and Tobago data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on goods and services as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on goods and services (including sales taxes, value added taxes and excise duties) divided by gross domestic product, expressed as a percentage.