Two sources of data on tax revenue as share of GDP in Trinidad and Tobago
Trinidad and Tobago: Two sources of data on tax revenue as share of GDP was 22.2% in 2017. ▲ Rising
Two sources of data on tax revenue as share of GDP in Trinidad and Tobago, 1990–2017
Source: OECD (2018) – processed by Our World in Data. Measured in %.
Analysis
Trinidad and Tobago recorded 22.2% for two sources of data on tax revenue as share of gdp in 2017.
Compared with earlier readings it is down 5.3% on the previous year and down 19.8% over ten years.
Over the whole period, two sources of data on tax revenue as share of gdp in Trinidad and Tobago peaked at 31.6% in 2006 and was at its lowest, 16.8%, in 1998.
Trinidad and Tobago ranks 48th of 77 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Two sources of data on tax revenue as share of GDP in Trinidad and Tobago, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 24.4% | — |
| 1991 | 26.9% | +10.3% |
| 1992 | 24.9% | -7.3% |
| 1993 | 25.2% | +1.2% |
| 1994 | 23.5% | -6.8% |
| 1995 | 23.7% | +0.9% |
| 1996 | 24.6% | +3.4% |
| 1997 | 22.5% | -8.2% |
| 1998 | 16.8% | -25.5% |
| 1999 | 20.5% | +22.0% |
| 2000 | 22.4% | +9.1% |
| 2001 | 23.9% | +6.8% |
| 2002 | 22.1% | -7.3% |
| 2003 | 23.6% | +6.7% |
| 2004 | 24.0% | +1.6% |
| 2005 | 28.1% | +17.1% |
| 2006 | 31.6% | +12.6% |
| 2007 | 27.6% | -12.7% |
| 2008 | 31.5% | +14.2% |
| 2009 | 25.8% | -18.3% |
| 2010 | 28.7% | +11.5% |
| 2011 | 27.9% | -2.9% |
| 2012 | 27.9% | -0.2% |
| 2013 | 28.2% | +1.1% |
| 2014 | 30.2% | +7.3% |
| 2015 | 29.9% | -1.1% |
| 2016 | 23.4% | -21.8% |
| 2017 | 22.2% | -5.3% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 22.2% is below the median for high income countries, which is 33.3%, 67% of the median. (39 countries reporting)
- Trinidad and Tobago's 22.2% is above the median for Latin America & Caribbean, which is 21.3%, 1.0× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.3% | 16.8% | 26.9% | 10 |
| 2000s | 26.1% | 22.1% | 31.6% | 10 |
| 2010s | 27.3% | 22.2% | 30.2% | 8 |
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)
- 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 two sources of data on tax revenue as share of gdp in Trinidad and Tobago?
- Two sources of data on tax revenue as share of gdp in Trinidad and Tobago was 22.2% in 2017, according to OECD (2018) – processed by Our World in Data.
- What is the highest two sources of data on tax revenue as share of gdp recorded in Trinidad and Tobago?
- The highest recorded value was 31.6% in 2006.
- What is the lowest two sources of data on tax revenue as share of gdp recorded in Trinidad and Tobago?
- The lowest recorded value was 16.8% in 1998.
- How does Trinidad and Tobago rank for two sources of data on tax revenue as share of gdp?
- Trinidad and Tobago ranks 48th out of 77 countries with data for 2017.
- Is two sources of data on tax revenue as share of gdp rising or falling in Trinidad and Tobago?
- Over the last ten years it is down 19.8%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from OECD (2018) – processed by Our World in Data, published as part of Two sources of data on tax revenue as share of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Comparison of the OECD's Global Revenue Statistics Database and the UNU-WIDER's Global Revenue Database. Both series correspond to total taxes collected by the government as percentage of GDP.