Taxes on incomes of individuals and corporations as share of GDP in Trinidad and Tobago
Trinidad and Tobago: Taxes on incomes of individuals and corporations as share of GDP was 13.5% in 2023. ▲ Rising
Latest (2023)
13.5%
Change on year
down 5.2%
World rank
17th
of 184 countries
All-time high
23.0%
in 1983
All-time low
5.1%
in 1990
Years of data
29
1983–2023
Taxes on incomes of individuals and corporations 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 %.
Analysis
The most recent figure for taxes on incomes of individuals and corporations as share of gdp in Trinidad and Tobago is 13.5%, measured in 2023.
The figure is down 5.2% on the previous year and up 30.8% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Trinidad and Tobago peaked at 23.0% in 1983 and was at its lowest, 5.1%, in 1990.
That places Trinidad and Tobago 17th out of 184 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 29 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1983 | 23.0% | — |
| 1984 | 12.0% | -47.8% |
| 1985 | 11.5% | -4.1% |
| 1986 | 10.2% | -12.0% |
| 1987 | 9.1% | -10.8% |
| 1988 | 9.8% | +7.8% |
| 1989 | 7.1% | -26.9% |
| 1990 | 5.1% | -28.9% |
| 1991 | 6.4% | +26.4% |
| 1992 | 7.7% | +19.5% |
| 1993 | 11.3% | +46.6% |
| 1994 | 11.0% | -2.0% |
| 1995 | 12.8% | +16.0% |
| 1996 | 14.0% | +9.5% |
| 1997 | 11.2% | -20.4% |
| 1998 | 9.2% | -17.6% |
| 1999 | 9.0% | -2.3% |
| 2000 | 11.6% | +28.8% |
| 2001 | 13.1% | +13.1% |
| 2002 | 11.0% | -16.1% |
| 2003 | 14.5% | +32.4% |
| 2004 | 13.4% | -7.7% |
| 2005 | 18.1% | +35.2% |
| 2018 | 10.3% | -43.0% |
| 2019 | 12.0% | +15.6% |
| 2020 | 9.3% | -22.2% |
| 2021 | 9.0% | -3.6% |
| 2022 | 14.3% | +59.2% |
| 2023 | 13.5% | -5.2% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 13.5% is above the median for high income countries, which is 10.0%, 1.4× the median. (63 countries reporting)
- Trinidad and Tobago's 13.5% is above the median for Latin America & Caribbean, which is 5.8%, 2.3× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 11.8% | 7.1% | 23.0% | 7 |
| 1990s | 9.8% | 5.1% | 14.0% | 10 |
| 2000s | 13.6% | 11.0% | 18.1% | 6 |
| 2010s | 11.1% | 10.3% | 12.0% | 2 |
| 2020s | 11.5% | 9.0% | 14.3% | 4 |
Countries ranked near Trinidad and Tobago
- 14 Italy 14.4% compare
- 15 United Kingdom 14.0% compare
- 16 Netherlands 13.8% compare
- 18 Austria 12.9% compare
- 19 Switzerland 12.5% compare
- 20 Nauru 12.5% 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 on incomes of individuals and corporations as share of gdp in Trinidad and Tobago?
- Taxes on incomes of individuals and corporations as share of gdp in Trinidad and Tobago was 13.5% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 23.0% in 1983.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 5.1% in 1990.
- How does Trinidad and Tobago rank for taxes on incomes of individuals and corporations as share of gdp?
- Trinidad and Tobago ranks 17th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 30.8%. The long-run trend across the full record is rising.
- 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.