Customs and other import duties in Trinidad and Tobago
Trinidad and Tobago: Customs and other import duties was 8.7% in 2019. ▲ Rising
Customs and other import duties in Trinidad and Tobago, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
In 2019, customs and other import duties in Trinidad and Tobago stood at 8.7%.
That represents a change of up 1.9% on the previous year and up 54.3% over ten years.
Over the whole period, customs and other import duties in Trinidad and Tobago peaked at 10.1% in 2017 and was at its lowest, 4.2%, in 2008.
Trinidad and Tobago ranks 61st of 151 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Customs and other import duties in Trinidad and Tobago, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 2001 | 6.7% | — |
| 2002 | 7.4% | +11.3% |
| 2003 | 6.7% | -9.2% |
| 2004 | 6.7% | -0.2% |
| 2005 | 5.5% | -17.6% |
| 2006 | 5.2% | -5.7% |
| 2007 | 5.6% | +7.6% |
| 2008 | 4.2% | -25.5% |
| 2009 | 5.6% | +33.8% |
| 2010 | 5.1% | -8.5% |
| 2011 | 5.2% | +0.9% |
| 2012 | 5.3% | +2.6% |
| 2013 | 5.8% | +8.9% |
| 2014 | 6.1% | +4.4% |
| 2015 | 7.1% | +17.8% |
| 2016 | 7.9% | +11.2% |
| 2017 | 10.1% | +28.0% |
| 2018 | 8.5% | -16.2% |
| 2019 | 8.7% | +1.9% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 8.7% is above the median for high income countries, which is 0.7%, 12.4× the median. (54 countries reporting)
- Trinidad and Tobago's 8.7% is above the median for Latin America & Caribbean, which is 5.5%, 1.6× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.0% | 4.2% | 7.4% | 9 |
| 2010s | 7.0% | 5.1% | 10.1% | 10 |
Countries ranked near Trinidad and Tobago
More public sector data for Trinidad and Tobago
- Arms imports 32.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 23.4 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0013 SIPRI trend indicator values per US$ of GDP (2021)
- Arms imports (SIPRI trend indicator values), annual growth rate -34.78 % change on previous year (2016)
- Arms imports (SIPRI trend indicator values), gaps filled 32.00 million SIPRI trend indicator values (2021)
- Military expenditure (current USD), per capita 171.41 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0091 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -3.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 234.54 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 6,238 SIPRI trend indicator values per square kilometre (2021)
Frequently asked questions
- What is customs and other import duties in Trinidad and Tobago?
- Customs and other import duties in Trinidad and Tobago was 8.7% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Trinidad and Tobago?
- The highest recorded value was 10.1% in 2017.
- What is the lowest customs and other import duties recorded in Trinidad and Tobago?
- The lowest recorded value was 4.2% in 2008.
- How does Trinidad and Tobago rank for customs and other import duties?
- Trinidad and Tobago ranks 61st out of 151 countries with data for 2019.
- Is customs and other import duties rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 54.3%. The long-run trend across the full record is rising.
- Where does this Trinidad and Tobago data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (% of tax revenue). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.