Goods and services expense in Trinidad and Tobago
Trinidad and Tobago: Goods and services expense was 22.1% in 2019. ▲ Rising
Goods and services expense in Trinidad and Tobago, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in Trinidad and Tobago is 22.1%, measured in 2019.
Compared with earlier readings it is down 1.7% on the previous year and up 18.1% over ten years.
Over the whole period, goods and services expense in Trinidad and Tobago peaked at 23.2% in 2016 and was at its lowest, 13.7%, in 2008.
That places Trinidad and Tobago 35th out of 154 countries with data for 2019, putting it in the top quarter.
The long-run direction has been consistently rising across the 18 years of available data.
Goods and services expense in Trinidad and Tobago, year by year
| Year | % of expense | Change |
|---|---|---|
| 2001 | 14.9% | — |
| 2002 | 14.3% | -3.8% |
| 2003 | 15.7% | +9.9% |
| 2004 | 18.1% | +15.0% |
| 2005 | 19.0% | +5.3% |
| 2006 | 15.8% | -16.7% |
| 2007 | 17.0% | +7.5% |
| 2008 | 13.7% | -19.4% |
| 2009 | 18.7% | +36.0% |
| 2010 | 18.2% | -2.7% |
| 2012 | 22.0% | +21.0% |
| 2013 | 21.4% | -2.7% |
| 2014 | 21.8% | +2.0% |
| 2015 | 21.8% | -0.3% |
| 2016 | 23.2% | +6.4% |
| 2017 | 21.9% | -5.5% |
| 2018 | 22.5% | +2.5% |
| 2019 | 22.1% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.4% | 13.7% | 19.0% | 9 |
| 2010s | 21.7% | 18.2% | 23.2% | 9 |
Countries ranked near Trinidad and Tobago
- 32 Papua New Guinea 23.1% compare
- 33 San Marino 22.9% compare
- 34 Philippines 22.3% compare
- 36 Senegal 21.9% compare
- 37 Tajikistan 21.7% compare
- 38 Bahamas 21.6% compare
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 goods and services expense in Trinidad and Tobago?
- Goods and services expense in Trinidad and Tobago was 22.1% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Trinidad and Tobago?
- The highest recorded value was 23.2% in 2016.
- What is the lowest goods and services expense recorded in Trinidad and Tobago?
- The lowest recorded value was 13.7% in 2008.
- How does Trinidad and Tobago rank for goods and services expense?
- Trinidad and Tobago ranks 35th out of 154 countries with data for 2019.
- Is goods and services expense rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 18.1%. 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 Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.