South Korea vs Trinidad and Tobago: Taxes on goods and services
Taxes on goods and services over time
- South Korea
- Trinidad and Tobago
How they compare
Trinidad and Tobago currently reports 5.3% against 4.9% in South Korea, a difference of 0.4%.
That makes Trinidad and Tobago's figure about 1.1 times South Korea's.
Across all 19 years both countries report, South Korea has been ahead every year.
South Korea ranks 129th and Trinidad and Tobago ranks 126th of 154 countries.
South Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | South Korea | Trinidad and Tobago | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 6.5% | 5.3% | 1.2% | South Korea |
| 2010s | 6.0% | 5.0% | 1.0% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, South Korea or Trinidad and Tobago?
- Trinidad and Tobago, at 5.3% against 4.9% in South Korea as of 2019.
- What is the difference in taxes on goods and services between South Korea and Trinidad and Tobago?
- 0.4%, with Trinidad and Tobago ahead.
- How many years of comparable data are there for South Korea and Trinidad and Tobago?
- 19 years are reported by both, from 2001 to 2019.
- How do South Korea and Trinidad and Tobago rank globally for taxes on goods and services?
- South Korea ranks 129th and Trinidad and Tobago ranks 126th of 154 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on goods and services (% value added of industry and services). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.