Other taxes in Trinidad and Tobago
Trinidad and Tobago: Other taxes was 16.1% in 2019. ▼ Falling
Other taxes in Trinidad and Tobago, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Trinidad and Tobago recorded 16.1% for other taxes in 2019.
Compared with earlier readings it is up 10.8% on the previous year and up 48.2% over ten years.
Over the whole period, other taxes in Trinidad and Tobago peaked at 19.9% in 2002 and was at its lowest, 5.6%, in 2011.
That places Trinidad and Tobago 3rd out of 148 countries with data for 2019, putting it in the top 10%.
The long-run direction has been consistently falling across the 19 years of available data.
Other taxes in Trinidad and Tobago, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2001 | 17.1% | — |
| 2002 | 19.9% | +15.8% |
| 2003 | 16.8% | -15.5% |
| 2004 | 15.7% | -6.5% |
| 2005 | 14.8% | -5.8% |
| 2006 | 9.0% | -39.3% |
| 2007 | 8.7% | -3.0% |
| 2008 | 8.0% | -7.9% |
| 2009 | 10.9% | +35.9% |
| 2010 | 10.0% | -7.9% |
| 2011 | 5.6% | -43.7% |
| 2012 | 10.8% | +91.8% |
| 2013 | 11.5% | +6.2% |
| 2014 | 11.1% | -3.4% |
| 2015 | 12.8% | +14.9% |
| 2016 | 14.9% | +16.5% |
| 2017 | 16.1% | +8.4% |
| 2018 | 14.6% | -9.7% |
| 2019 | 16.1% | +10.8% |
Trinidad and Tobago compared with similar countries
- Trinidad and Tobago's 16.1% is above the median for high income countries, which is 1.6%, 9.9× the median. (53 countries reporting)
- Trinidad and Tobago's 16.1% is above the median for Latin America & Caribbean, which is 1.7%, 9.5× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.4% | 8.0% | 19.9% | 9 |
| 2010s | 12.4% | 5.6% | 16.1% | 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 other taxes in Trinidad and Tobago?
- Other taxes in Trinidad and Tobago was 16.1% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other taxes recorded in Trinidad and Tobago?
- The highest recorded value was 19.9% in 2002.
- What is the lowest other taxes recorded in Trinidad and Tobago?
- The lowest recorded value was 5.6% in 2011.
- How does Trinidad and Tobago rank for other taxes?
- Trinidad and Tobago ranks 3rd out of 148 countries with data for 2019.
- Is other taxes rising or falling in Trinidad and Tobago?
- Over the last ten years it is up 48.2%. The long-run trend across the full record is falling.
- 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 Other taxes (% of 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
Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.